New financial reporting requirements

Information about the new financial reporting requirements that are part of the incorporated society law changes

The Incorporated Societies Act 2022 that was passed in April this year brings about many changes to how societies operate. One of the areas of change is how societies prepare their financial statements. 

From October 2023, once a society reregisters, it will have to start using External Reporting Board (XRB) accounting standards in its financial statements, unless it qualifies as a ‘small society’.

Webinar — 24 August 2022

Join us from 2pm on Wednesday, 24 August 2022 for a 45-minute webinar about the new financial reporting requirements for societies — presented by the Ministry of Business, Innovation & Employment and XRB.

Register now so you can attend

Register now and we will send you a Zoom link the week before, and a reminder the day before the webinar.

Register for this webinar

How you can stay up to date

We will update the information here on our website throughout the transition period. You can also choose to receive updates from us directly to your inbox. Alternatively, you can follow us on Facebook.

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If you have any questions or comments about these law changes, you can email us at

Published 8 July 2022