Tier 1 and Tier 2

Find out more about Tier 1 and Tier 2 standards and where to find further information. 

Charities Services' main focus is on supporting Tier 3 and Tier 4 organisations, which make up around 97% of the Charities Register and which are likely to have less resource available for an accountant.

We held a series of networking meetings for Tier 1 and Tier 2 organisations in July and August 2015. You can find out more about these by clicking on the following link:

Tier 1 & 2 New Reporting Standards Meetings

Refer to the External Reporting Board's website for more information about the standards and further guidance. 

http://xrb.govt.nz/Site/Accounting_Standards/Current_Standards/Standards_for_Not-For_Profit_PBEs/Stds_for_Not-For-Profit_T1-4.aspx (external link)


Tier 1 & 2 charities must prepare financial statements in accordance with generally accepted accounting practice (GAAP). Summarised financial statements do not meet the requirements of GAAP, and therefore only full sets of financial statements should be submitted to Charities Services.


Chartered Accountants Australia and New Zealand have put together a webinar that may help you to make the transition to the new reporting standards for Tier 1 and 2 entities. The webinar assumes some familiarity with higher level accounting standards such as NZ IFRS, and provides a comprehensive overview of the main differences between the old and new suites of standards. There is a cost associated with this product. Click here for more details (external link) .