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COVID-19 impact on public sector reporting

Statutory deadline extensions – ensuring quality audits

On 8 July 2021, Parliament passed a Bill to extend by two months the statutory reporting time frames in the Crown Entities Act 2004 and the Local Government Act 2002.

This was a response to the profession-wide shortage of auditors currently caused by Covid-19 border closures.

ParliamentWebinar: The implications for financial reporting and audit in the public sector

Audit New Zealand Executive Director Steve Walker and Head of Accounting Robert Cox join an online panel hosted by Victoria University of Wellington and the External Reporting Board. They discuss the effects of Covid-19 and the economic recovery on financial reporting and audit in the public sector.

Audit New Zealand Bulletins

The state of emergency in response to the COVID-19 coronavirus has significantly impacted most public sector entities. The consequences for the completion of annual reports and the annual financial statements are one part of this impact.

At Audit New Zealand we have published the following Bulletins to provide high-level guidance to audit committees and those with responsibilities for the preparation of financial statements, performance information, or annual reports:

  • Bulletin 1: Guidance for preparers of financial statements on the implications of the COVID-19 emergency response, for revaluations of property, plant and equipment, and investment property.
  • Bulletin 2: Implications of COVID-19 emergency for service performance reporting – guidance for preparers of performance information.

Page last updated: 18 August 2021