Financial reporting
Standards and resources
to support you

Financial reporting

Preparing accurate and timely financial reports is essential for any business. We provide our members with the most up-to-date information on financial reporting standards and the standard setting process.

New Zealand Financial Reporting Quiz

The New Zealand Financial Reporting framework has changed significantly over the past few years. We have developed a short, fun, educational quiz to help you test your knowledge of the framework. Try the quiz today!

We have developed a range of resources to assist members to understand the new financial reporting landscape including a Financial Reporting and Assurance Tool to help navigate the new preparation, audit and distribution obligations, and an optional Special Purpose Financial Reporting Package (which includes illustrative financial statements). 

Standards and guidance

Access the financial reporting standards applicable to New Zealand entities.

Changes to Financial Reporting

The FRA 2013 & new Accounting Standards Framework means changes to financial reporting for many entities.

NZICA Optional Special Purpose Financial Reporting Framework for SMEs

For for-profit entities not required to prepare general purpose financial reports.

Financial Reporting and Assurance Tool

To help you navigate through the recent changes to the financial reporting legislation and framework.

Reporting Essentials for June 2016

We have published our June edition of New Zealand Reporting Essentials. This publication aims to assist financial statement preparers, auditors and those charged with governance to understand the key accounting and regulatory developments and their impact on financial reports. It highlights key areas to consider for the upcoming reporting season, including:


  • Newly effective accounting standards, amendments and guidance
  • Accounting standards, amendments and guidance issued but not yet effective
  • New reporting standards for Registered Charities
  • Revocation of old accounting standards


The publication also notes the potential significance of the new financial instruments, revenue and leases standards and encourages businesses to act now to understand the impact they may have.