New Zealand accounting standards
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... ZEALAND ACCOUNTING STANDARDS PART A ANSWER International Accounting Standards Board (IASB) conducts public meetings or webcasts to ensure transparency in order to produce new or updated financial reporting standards. This procedure has been adopted to ensure transparency and to involve the opinion of the public. The procedure ensures constant engagement with the stakeholders like investors, analysts, regulators, business leaders, accounting standard-setters and the professional accountants and auditors at national and international levels (Smart, Bourke, & Awan, 2008). ANSWER 2a: External Reporting Board (XRB) is an independent crown entity developed under section 22 of the Financial Reporting Act...