IFR4NPO issues International Non-Profit Accounting Guidance, Exposure Draft 1

International Financial Reporting for Non-Profit Organisations (IFR4NPO), an initiative to develop international financial reporting guidance for non-profit organisations, has released International Non-Profit Accounting Guidance, Exposure Draft 1 (INPAG ED1).

The Exposure Draft addresses four main topics:

1. A description of Non-Profit Organisations
2. A framework for INPAG
3. Financial statements presentation
4. Narrative reporting

Comments on the Exposure Draft may be submitted by 31 March 2023.

The press release and the Exposure Draft may be accessed here.