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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

The first ‘Exposure Draft’ of the International Non-Profit Accounting Guidance, which was open for public comments until March 31, 2023, has closed.

We were pleased to receive comment letters and survey responses from a wide range of stakeholders with varying opinions on different aspects of the Exposure Draft.

View all the comment letters


Exposure Draft 2 postponed

Following consultations with key stakeholders, we adjusted the release date for Exposure Draft 2. It will now be released in September 2023, and Exposure Draft 3 will also be postponed.

This delay allows us to conduct further consultations on income recognition, one of the key areas that INPAG ED2 will focus on. We will organize focus group sessions, with invitations sent to individuals with relevant knowledge and expertise. These sessions will allow an in-depth exploration of some of the more complex issues. We look forward to the valuable insights gained from these consultations.

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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