It’s great to reach out to you again for our October newsletter.
We appreciate the encouraging responses we received to the announcement of the naming of INPAG a few weeks ago. The feedback was very positive, including this below.
‘I absolutely love the name’ – Marcia in Barbados
‘Me parece perfecto el nombre por ustedes sugerido. Completamente de acuerdo’ – Eliecer in Ecuador
‘The video has summarized the journey so far in a succinct manner, outlined the need for INPAG, straight to the point, and in multiple languages to depict its global nature’ – Lawrence in Ghana
When INPAG Exposure Draft 1 is issued next month, it will address the four main topics listed below. You can see resources on the website for two of them by following the links.
We are launching a Supplementary Statement Working Group (SSWG) comprised of experts drawn from members of the Practitioner Advisory Group (PAG), Technical Advisory Group (TAG) and Donor Reference Group (DRG) and Country Champions. The objective of the SSWG is to provide input to the development of a standard format for an optional supplementary donor/project statement for inclusion in the general-purpose financial statements.
After announcing the name INPAG, some people shared valid concerns about the term ‘non-profit’, and its implications. There has been a long-standing debate in many countries about whether Non-Profit Organisations can or should make a profit. So, we’d like to ask you to take part in this simple poll on LinkedIn.
Click below to vote and leave a comment.
This debate inspired Zowie Pateman from Chartered Accountants Australia and New Zealand, to write a blog entitled: Can NPOs make a profit? After you have answered the poll above, take a look to see her thoughts on this topic.