Articles
We are delighted to announce that Forbes Audit has officially joined Abacus Worldwide as an independent member firm. As an Auckland-based boutique audit firm, our focus has always been on precision, agility, and continuous improvement. Joining this prestigious global association marks an exciting milestone in our journey of sustainable growth and excellence. What This Means for Our Clients For our current and future clients, this membership […]
Recently, New Zealand has made a deliberate move to attract more overseas capital. The Overseas Investment (National Interest Test and Other Matters) Amendment Act came into effect on 6 March 2026 to streamline screening processes, focusing more on sensitive transactions, which would ultimately make it simpler and faster to invest in New Zealand. What the reform does not change however, […]
New Zealand’s Telecommunications Levy is a cornerstone funding mechanism for the country’s telecommunications regulatory framework and public‑interest infrastructure initiatives. It is imposed annually on qualifying telecommunications providers under the Telecommunications Act 2001 and administered primarily by the Commerce Commission. Given the material sums involved and the reliance on self‑reported financial information, robust audit and assurance requirements are essential to ensure […]
Staying compliant with the updated Incorporated Societies Act is vital, especially as the final reregistration deadline draws closer. The Companies Office has published a helpful update covering what societies need to know and do over the coming months. We’ve included their article below so you can stay informed and plan ahead. Information from the November 2025 edition of the Law […]
In the ever-evolving world of not-for-profit financial reporting, the tiers are changing. As of 28 March 2024, new thresholds have come into effect. Let’s break it down:
Public benefit entities (PBEs) currently reporting under Tier 3 Public Benefit Entity Simple Format Reporting – Accrual or Tier 4 Public Benefit Entity Simple Format Reporting – Cash have new reporting requirements. The External Reporting Board (XRB) has issued new standards for Tier 3 and Tier 4 PBE reporters which take effect on 15 June 2023. The new standards are […]