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IFR4NPO Releases International Non-Profit Accounting Guidance, Exposure Draft 1

21-11-2022

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We are pleased to announce that the name of the Guidance will be International Non-Profit Accounting Guidance (INPAG).   

INPAG will be 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.

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