International Accounting Guidance for Not-for-Profit Organisations (INPAG) Name Announcement

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 Accounting Standard 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.  

Check out the video below for more information.