Financial Reporting Act 2013

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

20: Auditing and assurance standards

You could also call this:

"Rules for auditors to follow when checking finances"

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When it comes to auditing and assurance standards, you need to know they can apply generally or to specific situations. They can also change over time or depending on the circumstances. Auditing and assurance standards can include rules for how audit or assurance practitioners behave professionally and ethically. You can find more information about the laws that apply to auditing and assurance standards by looking at the Financial Reporting Act 2013 and related laws such as the Regulatory Systems (Economic Development) Amendment Act 2019. An audit or assurance practitioner is someone who is appointed to do audits or other assurance work, and they may also do related services like agreed-upon procedures or other non-assurance work.

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This page was last updated on 3 October 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4632913.

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Money and consumer rights > Banking and loansBusiness > Industry rules

19C: Climate standards, or

"Rules about what companies must report on climate change"

21: Interpretation in sections 22 to 26, or

"What special words mean in sections 22 to 26"

Part 2External Reporting Board, standards, and provisions that apply to other enactments
Standards: Auditing and assurance standards

20Auditing and assurance standards

Auditing and assurance standards may—
have general or specific application:
differ according to differences in time or circumstance.

Auditing and assurance standards may (without limitation) include—
professional and ethical standards that govern the professional conduct of audit or assurance practitioners:
standards for related services.

In this section,—
audit or assurance practitioner means a person who is appointed or engaged to carry out audits or other assurance engagements
related services means services to perform—
1. agreed-upon procedures; or
2. other non-assurance work that may ordinarily be carried out by an audit or assurance practitioner.

Compare

1993 No 106 s 29(1), (2)

Notes

Section 20(2): replaced, on 13 January 2020, by section 39 of the Regulatory Systems (Economic Development) Amendment Act 2019 (2019 No 62).
Section 20(3): inserted, on 13 January 2020, by section 39 of the Regulatory Systems (Economic Development) Amendment Act 2019 (2019 No 62).