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What is the issue?
If an NPO receives cash or assets to pass to another entity, is the NPO acting as agent or principal, making its own decisions? What implications does this have for the financial statements?
To get a more in depth understanding of our thinking about the accounting treatment when NPOs work with funders to pass on cash and/or assets, read the IFR4NPO Consultation Paper Part 2 : Issue 2 available here.