Guidance Development

The Guidance is being developed in three phases with input from advisors and stakeholders around the world.

Three phase process

The project is developing internationally applicable financial reporting guidance for non-profit organisations using a process similar to that used in setting international accounting standards.

The Consultation Phase

The Consultation Phase involves the development of a Consultation Paper that articulates the issues, both at framework level and in relation to specific accounting issues. It sets out alternative approaches and requests input from a wide range of stakeholders to obtain an evidence base for choices to be made in later phases.

The Drafting Phase

The Exposure Draft will be a draft form of the final Guidance. Drawing on the analysis from the consultation phase, it will set out specific proposals, including accounting treatments, for feedback. It will also provide explanations as to why specific treatments were preferred, and worked examples for how the presentation would appear in a set of financial statements.

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.

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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