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NZ-IAS-10-Events Jan18.pdf

NZ-IAS-10-Events Jan18.pdf - NZ IAS 10 New Zealand...

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NZ IAS 10 1 New Zealand Equivalent to International Accounting Standard 10 Events after the Reporting Period (NZ IAS 10) Issued November 2004 and incorporates amendments to 31 December 2016 This Standard was issued by the New Zealand Accounting Standards Board of the External Reporting Board pursuant to section 24(1)(a) of the Financial Reporting Act 1993. This Standard is a Regulation for the purposes of the Regulations (Disallowance) Act 1989. NZ IAS 10 incorporates the equivalent IFRS ® Standard as issued by the International Accounting Standards Board (IASB). Tier 1 for-profit entities that comply with NZ IAS 10 will simultaneously be in compliance with IAS 10 Events after the Reporting Period . NZ IAS 10 includes RDR disclosure concessions and associated RDR paragraphs for entities that qualify for and elect to apply Tier 2 for-profit accounting requirements in accordance with XRB A1 Application of the Accounting Standards Framework . Entities that elect to report in accordance with Tier 2 accounting requirements are not required to comply with paragraphs in this Standard denoted with an asterisk (*). However, an entity is required to comply with any RDR paragraph associated with a disclosure concession that is adopted.
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