This bill is to see that the financial reporting standard in the Auckland Regional Amenities Funding Act 2008—the principal Act—aligns with the financial reporting standard that is there in the Charities Act 2005. So, according to the Auckland Regional Amenities Funding Act 2008, the specified amenities are required to prepare financial statements in accordance with New Zealand's equivalent to International Financial Reporting Standards. According to the Charities Act 2005, they are required to prepare their financial statements as per generally accepted accounting practice. 