14 September 2011: New Zealand considers a new accounting standard framework

Posted by on 14 September, 2011
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The New Zealand External Reporting Board (XRB) has released three documents outlining proposals for a new Accounting Standards Framework for New Zealand. The proposals include a multi-standard framework (based on IFRSs and IPSAS, but not the IFRS for SMEs), where the standards to be applied would depend on the nature and classification of the entity.

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