IFR4NPO

An initiative to develop Internationally applicable Financial Reporting guidance for Non Profit Organisations

Improving accountability, consistency, transparency and trust.

There are no international standards guiding NPOs how to prepare their annual audited accounts. While a few countries have their own standards for NPOs, these differ from each other. International standards that exist for businesses do not address all the needs of NPOs’ stakeholders, like accounting for grants.

The IFR4NPO initiative represents a once in a generation opportunity to transform the financial reporting landscape and create a much more solid foundation for the non-profit sector to demonstrate its accountability and secure the trust of its many stakeholders.

How is IFR4NPO relevant in the midst of the current crisis? NPOs have been hit hard by COVID-19. But as the sector recovers, there is an opportunity to build back better, with improved resilience, more efficient grant making processes, fairer resource allocation, and stronger accountability mechanisms.

A global project

To date, sector stakeholders from 80 countries have registered their interest in this project. Designed with diversity and inclusion at its heart, we seek to engage with individuals from a range of different stakeholder groups, nationalities, geographical locations, races and genders. This is important for very many reasons, including the credibility and validity of the guidance development process and the quality of the final product.

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Upcoming Events

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Practitioner Advisory Group Meetings

Technical Advisory Group Meetings

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IFR4NPO Newsletter

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