International Financial Reporting For Nonprofit Organizations
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.
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.
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.
Join our mailing list
Do you want to receive timely updates from us? Joining our mailing list is the best way to keep in touch with events, resources announcements, and relevant project updates.