INPAG Exposure Draft 3

We received 192 responses to ED3, in the form of 63 comment letters and 129 surveys. A dashboard of the survey results can be viewed here, and the individual survey submissions can be viewed here.

In case you have any query in relation to a survey or response you submitted, please email sam.musoke@humentum.org.

Download all or part of Exposure Draft 3 as pdf files

• Invitation to comment, including a summary in EN | ES | FR
• Authoritative Guidance (including Application Guidance)
• Basis for Conclusions 
• Implementation Guidance and illustrative examples (including financial statements on p191)
• INPAG Practice Guide 1: Supplementary Statements
• Full document 

The following explainer videos are being produced

• Overview of ED3 EN | ES | FR
• Classification of expenses (including fundraising costs) EN | ES | FR
• Fund accounting EN | ES | FR
• INPAG and donor reporting (Supplementary statements) EN | ES | FR
• Other topics in ED3 EN | ES | FR

We completed the INPAG ED3 webinar series with the final session on 14 August. You can catch up on any missed sessions through the ED3 webinar series playlist on the IFR4NPO YouTube Channel.

The process to arrive at the proposals in INPAG ED3 started in 2019. To view the videos, webinars, articles and advisory group discussions relating to key topics, follow the links below.

• Classification of expenses
• Fundraising costs
• Fund accounting
• INPAG and Donor reporting / Supplementary Statements

The IFR4NPO Project is keen to hear feedback from relevant stakeholders, not limited to those who are fluent in English. Regrettably we are not in a position to provide the full Exposure Draft text in languages other than English at this time. The reasons relate to i) the Licensing agreements in place ii) the availability of official translations of source text from other standards, iii) availability of resources, and iv) the capacity of the project team to check translations, while also developing material in English for the final guidance, due for release in 2025.

Please also note that licensing arrangements between CIPFA, the IFRS Foundation and IFAC for the use of content from IFRS and IPSAS standards, mean that individuals or organisations may not publish their own unofficial translations, as it would be in breach of copyright.

To mitigate these challenges, the project provided the following resources in Spanish and French.

1. A short video providing an overview of Exposure Draft 3: EN | ES | FR
2. The Invitation to Comment, including a comprehensive summary and the questions;
3. A document providing agreed translations for key terms in INPAG (ES | FR)
4. Explainer videos covering the key proposals;
5. Multi-lingual webinars on the key topics in July 2024;
6. INPAG ED3 Survey:  English or Spanish or French

A team of Spanish and French speaking accountants have volunteered their services to support the project in these translation efforts, and we are truly grateful. It is possible that some translation errors or inconsistencies may arise in our materials or communications, for which we apologise.