Xrb

Name

Xrb

Legal name

External Reporting Board

Website

http://www.xrb.govt.nz

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

RB provides financial reporting strategy, accounting standards, standards for assurance practitioners and liaison with company.

Ownership category

akta.pro rank

Product category

Financial Reporting Standards

NAICS

Administration of Environmental Quality Programs (924)

akta.pro primary industry

Environmental, Climate & Sustainability Standards & Reporting Cooperation (BPADANAI)

akta.pro secondary industries

ESG/Sustainability Reporting & Disclosure Platforms (EUABAEAB), Audit-Ready Controls, Assurance & Compliance Workflow Tools (CSRD/SEC/ISSB) (EUABAEAG), ESG Reporting, Disclosure & Regulatory Compliance (SFDR, EU Taxonomy, TCFD/ISSB) (FSAAALAK)

Keywords

• Financial reporting standards
• Audit assurance standards
• Climate disclosure standards
• Sustainability reporting standards
• Accounting standards

Headquarters

HQ city

Wellington

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Distribution channels2 records

Marketing channels6 records

Core offering

XRB develops and issues authoritative reporting standards on accounting, audit and assurance, and climate-related disclosures for New Zealand entities across the for-profit, public, and not-for-profit sectors. It operates through three delegated subsidiary boards (NZASB, NZAuASB, and SRB) and provides the Standards Navigator online tool, consultation processes, and guidance documents such as going concern guidance for directors.

Product overview

XRB (External Reporting Board) is a New Zealand government standards body that develops and issues reporting standards on accounting, audit and assurance, and climate for entities across the private, public, and not-for-profit sectors. The organization operates through its core products: Accounting Standards (via NZASB), Auditing and Assurance Standards (via NZAuASB), Climate Standards (via the Sustainability Reporting Board), supplemented by the Standards Navigator search tool and XRB Update news service. The Standards Navigator provides online access to search and navigate all standards, while Consultations facilitate public engagement on proposed standards development.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounting Standards Financial reporting standards prepared and issued by the New Zealand Accounting Standards Board (NZASB) for entities across the for-profit, not-for-profit, and public sectors. Covers Tier 1 and Tier 2 for-profit standards, not-for-profit standards, public sector standards, and standards for incorporated societies.
• Auditing and Assurance Standards Standards prepared and issued by the New Zealand Auditing and Assurance Standards Board (NZAuASB) that govern the professional conduct of audit or assurance practitioners, including Professional and Ethical Standards and standards for related services.
• Climate Standards Aotearoa New Zealand Climate Standards (NZ CS) issued by the Sustainability Reporting Board for climate-related disclosures, including proposed NZ IFRS S2 Climate-related Disclosures. Applicable to entities across for-profit, not-for-profit, and public sectors.
• Standards Navigator Online search tool that enables users to navigate and search XRB standards by type and keyword across accounting, audit and assurance, and climate standards.
• Sustainability Reporting Standards and resources for sustainability reporting issued under the Sustainability Reporting Board, including the He Tauira framework for sustainability reporting practice.
• Consultations Public consultation processes for seeking stakeholder feedback on proposed standards and regulatory direction, including the climate reporting roadmap consultation and information webinars.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• Australian Auditing and Assurance Standards Board (AUASB)coreStrategic or Co-development PartnerAUASB collaborates with NZAuASB on auditing and assurance standards harmonization. They work jointly on convergence and harmonization policies, share feedback on international standards, and coordinate on standards adoption between Australia and New Zealand. This includes joint meetings and shared principles of convergence to international standards.
• International Auditing and Assurance Standards Board (IAASB)coreStrategic or Co-development PartnerIAASB sets international auditing and assurance standards. NZAuASB works to converge with IAASB standards, adopting international standards into New Zealand with necessary modifications. Regular liaison and collaboration on standards development.
• International Ethics Standards Board for Accountants (IESBA)coreStrategic or Co-development PartnerIESBA sets the international Code of Ethics for Professional Accountants. NZAuASB adopts IESBA standards into Professional and Ethical Standard 1 for New Zealand auditors and assurance practitioners.
• Financial Markets Authority (FMA)coreOthersFMA receives modified audit and assurance reports from XRB to maintain complete records across agencies including Companies Office and Registrar of Incorporated Societies.
• External Reporting Advisory Panel (XRAP)coreOthersXRAP provides advice to the XRB Board, NZASB, NZAuASB, and SRB on external reporting environment, standard-setting framework, project agendas, and practical implementation issues.

Recent moves6 records

Expansion highlights4 records

Direct peers

• International Accounting Standards Board (IASB): IASB issues IFRS Accounting Standards globally and is the international reference for XRB's NZASB work. Both are standards-setters with identical functional mandate (financial reporting standards) but at different jurisdictional scales.
• International Sustainability Standards Board (ISSB): ISSB develops IFRS Sustainability Disclosure Standards (e.g., IFRS S2), which XRB's Sustainability Reporting Board explicitly converges with via proposed NZ IFRS S2. They share the same functional role in climate/sustainability disclosure standard-setting.
• International Auditing and Assurance Standards Board (IAASB): IAASB sets international auditing and assurance standards that NZAuASB adopts. It is both a formal partner and a functional peer, performing the same role at international scale.
• Australian Accounting Standards Board (AASB): AASB is XRB's trans-Tasman counterpart for accounting standards. Both develop domestic accounting standards largely converged with IFRS and serve similar functions in their respective jurisdictions.
• Australian Auditing and Assurance Standards Board (AUASB): AUASB is both a formal partner and a structural peer of NZAuASB. The two boards collaborate on convergence and harmonization of audit and assurance standards between Australia and New Zealand.
• International Ethics Standards Board for Accountants (IESBA): IESBA sets the international Code of Ethics for Professional Accountants, which NZAuASB adopts into PES 1. It performs a parallel function to NZAuASB's professional and ethical standards work at international level.

Regional players

• UK Financial Reporting Council (FRC): The UK FRC sets UK accounting and auditing standards and oversees audit quality. It is a regional peer operating in a different jurisdiction but performing a comparable national standards-setting and oversight role.
• European Financial Reporting Advisory Group (EFRAG): EFRAG provides European endorsement advice on IFRS and develops EU sustainability reporting standards. It is a regional peer operating in a different jurisdiction with a comparable standards-advisory role.
• Canadian Accounting Standards Board (AcSB): AcSB sets Canadian accounting standards for private enterprises, not-for-profits, and pension plans. It performs a comparable national standards-setting role in a different jurisdiction.

Broad incumbents

• US Securities and Exchange Commission (SEC): The SEC has mandated climate-related disclosures for US public companies. It is a broad incumbent in the same disclosure-standard-setting space, with overlapping climate objectives but materially greater scale and enforcement powers than XRB.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@externalreportingboard-XRB
• LinkedInlinkedin.com/company/external-reporting-board
• Facebookfacebook.com/externalreportingboard

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xrb