11 September 2023
Interested in being at the forefront of developing global financial reporting standards for non-profit organisations? Following in the footsteps of International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS), it is now the time for strong leadership to promote trust, credibility and transparency of non-profit organisation financial reporting.
Nominations are sought from individuals interested in serving as a member of the IFR4NPO Governance Group. The Governance Group is an advisory body providing oversight to the work of the International Financial Reporting for Non-profit Organisations (IFR4NPO) project team and advice on future strategy. The project is currently developing the first ever International Non-Profit Accounting Guidance (INPAG), to address the specific reporting needs of Non-Profit organisations (NPOs).
The Governance Group provides strategic input to plans for the future development of international financial reporting guidance for NPOs. The Governance Group is overseeing the creation of a model for the development and maintenance of international financial reporting guidance that addresses the specific needs of NPOs, as well as supporting the development of approaches to its future funding and governance. It also advises on implementation planning, including the strategies to support adoption of INPAG by national regulators and donor organisations.
Governance Group membership is intended to be broadly representative of sector participants and geographic regions to offer reasoned and diversified viewpoints. Members are expected to be senior leaders, with the necessary skills and experience to advise on the strategic and governance approaches required to help shape the future of financial reporting for NPOs globally.
As diverse perspectives are valued, nominations from candidates that add to the Governance Group’s overall professional, geographic, and gender diversity are encouraged. In pursuit of a globally representative advisory group, the project particularly encourages women and those from Africa, Asia, Middle East, and Latin America to apply. Candidates will be expected to network extensively within their regions to promote the IFR4NPO project and build support for national adoption or harmonisation.
The Governance Group meets 4 times a year virtually, with one meeting per year potentially in person. Governance Group members will serve an initial term of two years. The role is unremunerated. See the full role description here.
How to Apply
Those interested in membership of the Governance Group should submit their nominations by email to Karen.Sanderson@cipfa.org. The nomination should include the CV and contact details of the nominee, as well as a cover letter that notes the reasons for their interest and the value they would add to the Governance Group.
Nominations are due by 20 October 2023.
IFR4NPO is an initiative to develop the world’s first Internationally applicable Financial Reporting guidance for non-profit organisations (NPOs) that can be adopted by national standard setters internationally. The aim is to contribute to a step-change in the clarity and consistency globally of NPO financial reports, resulting in greater credibility and trust in the non-profit sector globally. It is a ground- breaking piece of work that will provide guidance for organisations whose unique needs are not currently addressed by international financial reporting standards. The work of the project is intended to command support from the accounting community and NPOs, funders and regulators.