“International standards have brought great benefits to the for-profit and public sectors in recent decades; today’s launch marks a crucial milestone on the journey to NPO-specific guidance, developed by the sector, for the sector.” Karen Sanderson, CIPFA Project Director, IFR4NPO.
This Exposure Draft is the first of three parts, each followed by a 4-month consultation period. ED1 addresses four main topics that are important for the framing and context of INPAG:
- A description of Non-Profit Organisations
- A framework for INPAG
- Financial statements presentation
- Narrative reporting
INPAG will have 36 sections. In ED1, we are sharing the preface, sections 1 to 10, and section 35. The remaining sections will be covered in ED2 and ED3 in 2023.
The Exposure Draft is accessible below, together with instructions for how to give feedback. Stakeholders are invited to share views on any aspect of ED1, but we have set out specific questions for your feedback, called ‘Specific Matters for Comment’ (SMCs). Any individual, organisation, or country office may submit comments before 31 March 2023.
Access INPAG Exposure Draft 1
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