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Financial Reporting Act 2013

External Reporting Board, standards, and provisions that apply to other enactments - External Reporting Board

13: Board must act independently

You could also call this:

"The Board must make its own decisions without being told what to do by others."

Illustration for Financial Reporting Act 2013

The Board has to make its own decisions when doing its job and using its powers under this Act and other Acts that apply to it. You can find more information about other Acts that apply to the Board in the Crown Entities Act 2004, but this Act does not apply to the Board's independence. The Board must act independently, unless another Act says it does not have to.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4632901.

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12: Functions of Board, or

"The Board's jobs are to set rules for companies' financial reports and audits, and to help them report accurately."

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14: Membership of Board, or

"Who can be on the External Reporting Board"

Part 2External Reporting Board, standards, and provisions that apply to other enactments
External Reporting Board

13Board must act independently

  1. Except as expressly provided otherwise in this or another Act, the Board must act independently in performing its statutory functions and duties, and exercising its statutory powers, under—

  2. this Act; and
    1. any other Act that expressly provides for the functions, duties, or powers of the Board (other than the Crown Entities Act 2004).

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