Hopefully by now, you cannot have missed the launch of INPAG Exposure Draft 2 on 26 September! Responding to public consultations on accounting standards may be way outside your comfort zone or job description, but your voice matters! So in this newsletter we’d like to give you some pointers for how to do it. I’ve even recorded a short video with a step by step guide (there are only 4 steps). In this edition we are also delighted to announce the Chair of the Donor Reference Group, and finally remind you that the deadline for nominations for the Governance Group closes by 31 October 2023.
New Chair for Donor Reference Group
We are thrilled to share the news of Geraldine Limborg‘s appointment as Chair of the project’s Donor Reference Group (DRG). As the Director of Operations at Oak Foundation, she has been actively involved with the project as a member of the Donor Reference Group and Supplementary Statement Working Group.
‘I am honored to serve a project that is of paramount importance for the NPO sector. My wish is to help lighten the load for grantees while ensuring donor requirements are met. Along with my passion for the project and conviction of its transformative potential, I will bring my experience on the receiving and granting sides to fulfill my responsibilities with joy and rigour, taking into account the group’s diversity.’
Join the Governance Group
The Governance Group provides strategic input to plans for the future development INPAG, overseeing the creation of a model for the development, adoption and maintenance of the guidance, and approaches to its future funding and governance. We particularly encourage women and those from Africa, Asia, Middle East, and Latin America to apply before 31 October! See below for more information.
Not sure where to start with Exposure Draft 2? This short video introduces the purpose and content of INPAG ED2. It is also available in Spanish and French, and it sheds light on questions such as:
• What is an Exposure Draft?
• What topics does Exposure Draft 2 cover?
• What other videos are there in the series?
• Who should submit a response and how?
Step-by-Step Guide to sharing your views
Here’s a short ‘How-to’ video from Samantha Musoke guiding you through the following 4 steps:
1) Download the response template and save with your own details
2) Understand the proposals by reading the documents, watching the videos or attending the webinars
3) Record your comments in the appropriate place in the response document
4) Upload your completed template using via the website
The full ED2 document runs to 235 pages. You will be glad to know that we have created a 33 page ‘Invitation to Comment’ document, that includes a summary, diagrams, and specific questions for your feedback. This is now available in English, Spanish and French.
Our upcoming series of webinars will cover key proposals in the Exposure Draft 2. Each one is for 60 minutes starting at 13:00 UTC / GMT.
This is a great opportunity to become familiar with the proposals, ask questions, share comments, and learn how to respond to the consultation. The events will be held in English, and will support participation in Spanish and French. You can see information about all the events here, or follow the links below to register for your favourite topics.
• 7 Nov: Common model for grants & donations (EN | ES | FR)
• 9 Nov: Grant expenses (EN | ES | FR)
• 14 Nov: Revenue from grants and donations (EN | ES | FR)
• 15 Nov: Donations in-kind (EN | ES | FR)
• 16 Nov: Inventories (EN | ES | FR)
• 21 Nov: Foreign currency translation (EN | ES | FR)
• 23 Nov: Other topics in ED2 (EN | ES | FR)
You can also choose to register for our upcoming events via our LinkedIn page.
We were delighted to have the news of the INPAG ED2 launch featured by the International Federation of Accountants (IFAC) in their recent newsletter, “THE LATEST”.
Your opinion and perspective matters. Please take a moment now to let us know if you intend to submit a response, by completing this form. This will enable us to support you as you need.
The Technical Advisory Group members held a 2-day meeting in London on 28 and 29 September to review content for Exposure Draft 3.
• Technical Advisory Group (TAG) meeting: 28 – 29 September 2023
Questions around INPAG ED2?
Have you encountered any technical issues or questions that we haven’t addressed while engaging with the resources provided for INPAG ED2? Please reach out to us at email@example.com, and we will work to make the process smoother for you.
Thanks for taking the time to read our newsletter – I’d love to hear your comments or reactions. Please follow us on LinkedIn, X and YouTube to stay connected. If you received this newsletter from someone else, please subscribe to stay in touch.
I look forward to connecting with you next month!
– Samantha Musoke, IFR4NPO Project Director, Humentum