Phase | Detail |
---|---|
Phase 1 November 2013 |
The Treasury will produce a table of key differences between NZ IFRS (as applied by PBEs) versus the new Public Sector PBE Standards. |
Phase 2 December 2013 |
The Treasury will issue a short electronic survey seeking entity feedback on whether entities expect any changes to their financial statements as a result of transitioning to PBE standards. We are aiming to have the survey issued in early December and entity responses back to us just before Christmas. |
Phase 3 January to March 2014 |
Using the information collected during phases 1 and 2 the Treasury will:
|
Phase 4 April to June 2015 |
During this phase, the Treasury will perform a more detailed review of disclosure differences between the standards and update the pro-forma financial statements and accompanying notes for the Financial Statements of the Government (FSG) for the year ended 30 June 2015. |