International Financial Reporting Standards
EY provides up-to-date knowledge, insights and timely advice to help you deal with the widespread implications of IFRS. Our business-based approach helps you to manage both financial accounting and reporting issues and understand where and how IFRS affects your decision making.
Our service is informed by the insights of a worldwide network constantly working on IFRS-related issues, and the seasoned experience of our local team.
Global IFRS resources
Please see our Global IFRS site for extensive international resources, thought leadership and web based learning modules.
New Zealand IFRS insights
Stay on top of the latest financial reporting issues. See the latest edition of Eye on Reporting for accounting updates, IFRS media coverage and highlights of upcoming developments.
Recent New Zealand publications
Navigating the new terrain - Understanding the new financial reporting framework in New Zealand (pdf, 720.7kb)
In this publication we provide an overview of the new financial reporting framework, and summarise the impact the framework will have on for-profit and public benefit entities (PBEs). We also highlight the key dates from when parts of the framework will become effective.
Changing tack - A new set of accounting standards for public benefit entities (pdf, 10.9mb)
In our publication Changing Tack we provide a summary of the financial reporting requirements for PBEs and highlight the key differences between the PBE standards and current NZ IFRS. We also outline the next steps PBEs should be considering, including assessing whether or not your organisation meets the definition of a PBE.
A second take: The commercial impacts of a proposed new accounting standard on leases (pdf, 885kb)
Our publication, A second take: The commercial impacts of a proposed new accounting standard on leases, provides an overview of the new leases exposure draft, as issued by the International Accounting Standards Board (IASB) for comment in May 2013, and highlights the commercial impacts of the proposals.
This publication has been written using non-technical accounting language and is suitable for readers with financial reporting and non-financial reporting roles.
Alternative performance measures (pdf, 409kb)
The Financial Markets Authority (FMA) has issued a guidance note on disclosing alternative performance measures and other types of "non-GAAP" financial information, such as underlying profits, EBIT and EBITDA. The guidance note sets out the FMA's views on disclosing non-GAAP financial information, including what other information also should be disclosed, so that the information is not misleading.
A new wave for New Zealand - Accounting for the New Zealand Emissions Trading Scheme (pdf, 1.9mb)
As part of New Zealand’s response to global climate change and its obligations under the Kyoto Protocol, the New Zealand Government has introduced the New Zealand Emissions Trading Scheme (ETS).
In this publication, we discuss some of the accounting issues arising from the ETS. We also briefly discuss the potential tax implications.