A couple of firms have brought to our attention that the audit reports we have in the Tier 3 and 4 PBE templates do not comply with ISA (NZ) 700 (A30 in particular). We have checked that now and updated the audit reports for the Tier 3 and 4 Public Benefit Entities to follow the example at ISA (NZ) 700 - [NZ] Illustration 2 (page 30).
The audit reports we had in there were based on the standard ISA (NZ) 700 examples but unfortunately we had omitted to update for the 2014 NZ appendix amendment which includes the special cases for Tier 3 and 4 etc.
We do our best to get it right but occasionally something like this creeps through and fortunately our users graciously let us know. We go through a process of reviewing all the templates (usually annually) for any changes or when we are aware of updates but you will appreciate this is an ongoing process and we do miss the odd thing.
So we do apologise if you have followed our reports and this has got you into trouble with CAANZ or charities services - please let them know it was our error not yours and we have amended our standard reports now.
If you delete and recreate any Tier 3 and 4 PBE audit reports you have created you should get the updated version.