Audit & Assurance Updates
Authored by Auckland Technical Specialist, Natalie Tyndall, these newsletters cover the latest news and updates from Audit and Assurance, in particular changes in the IFRS requirements. Natalie combs the BDO International wires to make sure our clients are getting the most up to date information possible on Financial Instruments, balance sheets and other A&A special topics.
Assurance Alert - November 2011
The latest edition of Assurance Alert includes:
- Ten ways to materially misstate your financial statements
- Breaking news for For-profit entities... Proposed revenue model is re-exposed
- Period end accruals for sick leave - clearing up the confusion
- NZIAS 27 - Separate financial statements
Download your copy here
Assurance Alert - September 2011
The latest edition of Assurance Alert includes:
- The financial framework proposals are finally here
- is your term loan really non-current?
- NZIFRS13 - Fair Value Measurement
- The increasing importance of environment & sustainability reporting
Download your copy here
Assurance Alert - August 2011
The latest edition of Assurance Alert includes:
- An in-depth look at some of the newly issued accounting standards
- The new consolidation standard - NZ IFRS 10
- Joint Arrangements - a new approach under NZ IFRS 11
- NZ IFRS 12 - Disclosure of Interests in Other Entities
Download your copy here.
Assurance Alert - June 2011
The latest edition of Assurance Alert includes:
- NZ and Australian standards now converged for For-Profit entities
- ASRB releases six new / revised standards
Download your copy here.
Assurance Alert - May 2011
The latest edition of Assurance Alert includes:
- A multi-standard approach going forward and the interim impact on Differential Reporters and Public Benefits Entities
- Depreciation rates on long-lived buildings - Differential Reporters take note
- Contingent Consideration: Key considerations in applying the revised version of the NZ IFRS 3 - Business Combinations
- Securities Commission: Financial Reporting Surveillance Programme - Findings from the Cycle 14 Review of Financial Reporting by Issuers.
Download your copy here.
Assurance Alert - March 2011
The latest edition of Assurance Alert includes:
- Issuers - What that Financial Markets Bill means for you
- Leasing Exposure Draft Update
- Business Combination Reminders
- Impairment Reminders
Download your copy here
Assurance Alert - January 2011
The latest edition of Assurance Alert includes:
- Treatment of deferred tax on investment properties
Download your copy here
Assurance Alert - October 2010
The latest edition of Assurance Alert includes:
- Operating leases to be capitalised
Download your copy here
Assurance Alert - September 2010
The latest edition of Assurance Alert includes:
- The next 'Big Bang' of NZIFRS standards is on the way
- Clearing up confusion on the changes in the audit requirement rules
Download your copy here
Assurance Alert - June 2010
The latest edition of Assurance Alert includes:
- Accounting for the change in company tax rate from 30% to 28%
- The effect of changes in the tax depreciation rules on buildings
Download your copy here
Assurance Alert - May 2010
The latest edition of Assurance Alert includes:
- Update on the proposed changes to the financial reporting framework
- Risk, governance and assurance
Download your copy here
Assurance Alert - March 2010
The latest edition of Assurance Alert includes:
- Financial instruments - looking to the future
- The end of the stable IFRS platform
Download your copy here
Assurance Alert - November 2009
The latest edition of Assurance Alert includes:
- MAJOR changes on the way for Financial Reporting
- Handy tables depicting the summaries the proposed changes
Download your copy here.
Assurance Alert - October 2009
The latest edition of Assurance Alert includes:
- Reminders for Dec 2009 year end reporters
- Big changes proposed to financial instruments
- Hard times increase fraud risk
Download your copy here.
Assurance Alert July 2009
- How to calculate an effective interest rate on a financial instrument
- Brace yourself for the next big bang! (The Balance Sheet has gone again)
Download the July Assurance Alert here
Assurance Alert June 2009
- Operating Segments: Amendments to NZ IFRS 8
- More Financial Reporting Issues during the Economic Crisis
Download the June Assurance Alert here
Audit Updates 2009
Assurance Alert April 2009
- Applying fair value in the global economic crisis
- Credit Card Fraud in the Current Economic Climate
- Amendments to NZ IFRS 7: Improving Disclosures about Financial Instruments
Download the April Assurance Alert here
Assurance Alert February 2009
Includes:
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Reminders for current year end audits
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Guidance on measuring & disclosing fair value
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31 Dec 2008 Year Ends
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NZ IFRIC 15: Agreements for the Construction of Real Estate
-
NZ IFRIC 17: Distributions of Non-cash Assets to Owners
Download the February Assurance Alert here