Events

Focus Group 2 on Reporting Entity

Event Overview

The consultation for IFR4NPO looked at the topic of the reporting entity and control. This second focus group on the topic of the reporting entity looks at the consolidation of entities controlled by an NPO.

 

Stakeholder feedback raises concerns that users of NPO financial statements find consolidated accounts confusing.  However, these users want to understand the relationships between entities that are under common control so that there is transparency over how they operate.  The benefits from consolidated information needs to be considered in the light of the associated costs, particularly for smaller entities.

This focus group explores the conceptual basis for consolidation of NPOs. We would very much welcome your insight and commentary on the technical and practical issues which arise.

If you would like to be considered for an invitation to this focus group or any others, please fill out the form below.

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