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 raised 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 explored the conceptual basis for consolidation of NPOs.
The slide deck is here: Focus Group for Reporting Entity 2 – final
Recordings of Focus Group Discussions are not published.
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