Home Advocacy Sector-wide Change Initiatives International Financial Reporting For Nonprofit Organizations

International Financial Reporting For Nonprofit Organizations

There is no international accounting standard written to meet the needs of the non-profits. A few developed nations have been able to strengthen their domestic sectors by developing national guidance to improve transparency, consistency and accountability. But lack of access to relevant standards contributes to inequity in NPO income and financial health, as well as causing wasteful duplication and inefficiency. The IFR4NPO project, implemented by Humentum and CIPFA, is addressing this gap.

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Led by Humentum and CIPFA, the Chartered Institute of Public Finance and Accountancy in the UK, the highly collaborative project design includes engagement with national standard setters and practitioners from every continent.

Evidence for demand for this guidance comes from a 2014 survey, in which 72% of respondents from 179 countries agreed that it would be useful. The International Accounting Standards Board and the International Public Sector Accounting Standards Board are aware and actively observing the development process.

Learn more about IFR4NPO


Project updates

We are delighted to release the International Non-Profit Accounting Guidance Exposure Draft 1 (INPAG ED1). The consultation period was recently opened at the World Congress of Accountants in Mumbai, India, by Ian Carruthers and Assietou Diouf.



Access Exposure Draft 1

Which issues?

ED1 addresses 4 main topics that are important for the framing and context of INPAG:

  • Describing NPOs / Reporting entity
  • INPAG Framework
  • Financial statement presentation
  • Narrative reporting

We will run a series of free webinars on these topics from 16-19 January 2023. Register here. The remaining sector-specific issues will be addressed during 2023 in ED2 and ED3.


Our Initiatives

We believe protecting those we serve around the world should be at the heart of every organization’s mission.
Helping organizations fully recover their indirect costs so they can focus on the work that matters.
An initiative to develop internationally applicable financial reporting guidance for non-profit organizations