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The requirements of Public Benefit Entities International Public Sector Accounting Standards (PBE IPSAS) for Not for Profit reporting entities are continuing to change. Navigating the Changes to PBE IPSAS for Not for Profits gives chief financial officers, and audit and risk committee members a high-level awareness of these recent changes to PBE IPSAS. It covers both brand new standards, and changes that have been made to existing ones.

Every year, the requirements of New Zealand Equivalents to International Financial Reporting Standards (IFRS) change. New standards, interpretations and amendments are published that will affect companies’ future financial reporting. Our publication, Navigating the Changes to New Zealand Equivalents toInternational Reporting Standards, is designed to give chief financial officers, and audit and risk committee members a high-level awareness of these recent changes to NZ IFRS. It covers both new standards and interpretations that have been issued, and amendments made to existing ones.

The standard establishes high-level requirements for entities to determine how best to ‘tell their story’. The requirements are flexible and provide scope for entities to identify appropriate and meaningful service performance information for users of general purpose financial reports.

There is no doubt International Accounting Standards have contributed significantly to the globalisation of the business world, crucially providing reliable and comparable information to investors for decision-making purposes.

This comparison highlights some significant U.S. GAAP and IFRS requirements, as well as the major similarities and differences between the two sets of standards.

This Special Edition of IFRS News explains the key features of the new revenue Standard and provides practical insights into its application and impact.

With encouragement from regulators and from the External Reporting Board (XRB), many organisations around the world are making innovations in their financial statements.

In the past, boards might have been happy to let specialist tax teams manage the business’ tax affairs, with the key performance indicator being the effective tax rate (ETR). But faced with so much scrutiny and change, what are the priorities now?

With changes occurring in the audit environment, the requirements of what audit brings - as well as in the auditors themselves, what does this mean for the future of audit?

With increasing compliance obligations and risks expected as a result of the BEPS Action Plan, tax is set to become more integral to the decision making process of many businesses. So how can your organisation steer through the upheaval ahead?

Grant Thornton has developed a detailed transition methodology that can help you navigate the complex new reporting structure. It supports you through the transition process and is based on a four pillar approach.

IFRS 16 “Leases” represents the first major overhaul of lease accounting for over 30 years. The IASB has long believed that IAS 17’s split between operating and finance leases is flawed, and has resulted in too much structuring and off-balance sheet financing. The IASB’s solution has remained the same throughout the project: to do away with the operating versus finance lease distinction and account for all leases ‘on-balance sheet’.

Technical and financial reporting guidelines available to download.

This international transfer pricing guide provides an overview of the different transfer pricing rules and regulations in key countries and details of how you can get further advice from Grant Thornton specialists

In New Zealand relationship property proceedings, forensic accountants and other expert witnesses are almost always appointed on behalf of one of the parties (a ‘party appointed expert’, or PAE). In comparison, where expert evidence is required in matrimonial cases in the United Kingdom and Australia, the parties normally jointly appoint a single expert (a ‘single joint expert’, or SJE).

Submissions and comment letters to the government and various regulatory bodies