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About
An initiative to develop the world’s first internationally applicable financial reporting guidance for non-profit-organisations.
IFR4NPO Team
Meet the IFR4NPO Team: Steering Group, Secretariat, Advisors and Champions
Project Governance
The project is governed by a Steering Group.
Project Updates
Find our annual project reports and latest newsletters here.
Funding
Who has funded the project so far? What’s the budget? What funding opportunities are there?
Contribute
Please get in touch here to explore funding and sponsorship opportunities.
The Guidance
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IFR4NPO Consultation
Your opportunity to shape the future of financial reporting for non-profit organisations.
Consultation Paper
View the Consultation Paper and the responses received
Exposure Drafts
Draft Guidance
Consultation Paper Feedback
Summary response to the sector
Accounting and Reporting Issues
There are a number of sector specific accounting issues for non-profit organisations.
TAG Meetings
Technical Advisory Group meetings.
PAG Meetings
Practitioner Advisory Group meetings.
Community
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Supporters
This initiative is for the sector by the sector and wouldn’t be possible without the support and financial backing of stakeholders from around the globe.
Country Champions
The project's Country Champions engage influential stakeholders so that they contribute to the development process, and gain confidence to adopt or align to it.
Technical Advisory Group (TAG)
The TAG provides advice on the development of the guidance from a technical standard setting perspective.
Practitioner Advisory Group (PAG)
The PAG provides advice on the development of the guidance from a practitioner perspective.
Around The World
The project's regions and focus countries have been identified to effectively target resources and engagement efforts.
Global Ambassadors
The project's Global Ambassadors seek support for the project objectives across their networks, provide feedback on key issues and promote the use of the Guidance.
Donor Reference Group
The Donor Reference Group is chaired by Humentum. It consists of grantmakers, including bilateral and multilateral agencies as well as foundations and trusts.
Events & News
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Latest News
Events
Blogs
Resources
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Financial Statements
See example NPO financial statements from around the world.
Reference Materials
Access a library of reference materials that have informed the development of the project.
Glossary
Glossary of terms.
FAQs
Frequently asked questions.
Tools
Practical tools to support NPO accounting and reporting.
Non-English Resources
The IFR4NPO project aims to provide more content and resources in French, Spanish and Arabic to support greater engagement

Guidance Development

The project is developing International Non-Profit Accounting Guidance (INPAG)

About INPAG

INPAG will be a stand-alone Guidance so that preparers and auditors can find what they need in one place. Using the IFRS for SMEs as a starting point, changes will be made to address the prioritized non-profit issues. The application will be up to each jurisdiction, but the NPOs we have in mind during the development process need to track assets and liabilities and report on a range of transactions and activities to meet the needs of the users of their financial reports. Check out this video for more.

Three phase process

The development process is similar to that used in international accounting standards, with input from advisors and stakeholders around the world.

The Consultation Phase

The Consultation Phase involved the development of a Consultation Paper that was issued in January 2021. It articulates the issues and sets out alternative approaches and questions. It closed for responses on October 7 2021. Input from a range of stakeholders provide an evidence base for choices made in the drafting stage.

Access the Consultation Paper here

The Drafting Phase

The ‘Exposure Draft’ is an early version of the Guidance that will be released for public comment. The sector specific issues covered in the Exposure Draft will be issued in three tranches from late 2022.

Exposure Draft

The Launch Phase

The Final Guidance will be issued taking account of the feedback from the Exposure Draft, ready for adoption by entities and jurisdictions.

Accounting Issues

A number of sector specific challenges are being addressed by the IFR4NPO project. For the Consultation Phase, ten accounting issues are being considered, as outlined in Part 2 of the Consultation Paper. Follow the link below to explore each one, with a deep dive into the challenges and possible solutions. Find links to the relevant technical papers as discussed by the project’s Advisory Groups.

Access the Accounting Issues here

Advisors to development process

The development process is guided by two groups of expert volunteer advisors: the Technical Advisory Group (TAG) and the Practitioner Advisory Group (PAG). You can see details of their roles, members and meetings below:

Technical Advisory Group – role & members  | meetings

Practitioner Advisory Group – role & members  | meetings

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