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An ASRB Discussion Document entitled “Proposed Application of Accounting and Assurance Standards under the Proposed New Statutory Framework for Financial Reporting” was released on 30 September 2009.
The Document is a companion to a Ministry of Economic Development (MED) Discussion Document entitled “The Statutory Framework for Financial Reporting” which was also released on 30 September 2009.
The MED Document considers the circumstances under which the law should impose requirements on entities to prepare, publish and obtain assurance on General Purpose Financial Reports (GPFR). The ASRB Document outlines the Board’s tentative proposals on the accounting standards to be used by entities required to prepare GPFR under the MED Document and the level of assurance that should be provided on those reports.
The closing date for submissions on both documents is Friday 29 January 2010.
To download a PDF copy of the ASRB Document click here.
To access the MED Document click the link here. | 
