The Case for the Use of International Reporting Standards in New Zealand: A Briefing Paper Prepared on Behalf of the New Zealand Securities Commission

60 Pages Posted: 14 Oct 2008

See all articles by Keitha L. Dunstan

Keitha L. Dunstan

Bond University - School of Business

Date Written: October 9, 2008

Abstract

The objective of this paper is to examine the issues pertinent to the consideration of the proposal made by the Accounting Standards Review Board (ASRB) that New Zealand adopt the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). The purpose of this examination is to provide input to the New Zealand Securities Commission (the Commission) to assist them in their deliberations on making recommendations on the future development of the financial reporting infrastructure for New Zealand's securities markets. Similar to securities regulators across the world, the Commission has an interest in promoting a strong securities market where the financial reporting framework and its supportive infrastructure results in high quality, transparent and comparable financial reports. There are four identifiable components of the infrastructure that drive the quality of financial reporting in New Zealand.

JEL Classification: M41, M44, M47

Suggested Citation

Dunstan, Keitha L., The Case for the Use of International Reporting Standards in New Zealand: A Briefing Paper Prepared on Behalf of the New Zealand Securities Commission (October 9, 2008). Available at SSRN: https://ssrn.com/abstract=1281656 or http://dx.doi.org/10.2139/ssrn.1281656

Keitha L. Dunstan (Contact Author)

Bond University - School of Business ( email )

Gold Coast, QLD 4229
Australia

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