The IFR4NPO Secretariat was developing proposals for narrative reporting guidance to form part of the first International Non-Profit Accounting Guidance (INPAG) Exposure Draft to be released in late 2022.
These proposals were developed on the basis of existing international and jurisdictional-level guidance, responses to the Consultation Paper, feedback from the project’s technical and practitioner advisory groups, and a focus group held earlier in 2022.
This second focus group represented an opportunity for invited participants to explore and comment on the latest proposals. In particular, participants were invited to share your views on:
- Adopting a more integrated approach for NPOs to report performance information and provide commentary on the financial statements,
- Whether this represents the right balance between the needs of users and preparers,
- Which aspects of the guidance should be mandatory for all NPOs, and
- Whether narrative reporting should be subject to an extended transition period
The slides used for the event are available in English for download below, together with the poll results.
If you would like to be considered for an invitation to future Focus Group on this or other topics, please fill out the form below.