IFR4NPO issues International Non-Profit Accounting Guidance, Exposure Draft 1
25 November 2022
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:
- A description of Non-Profit Organisations
- A framework for INPAG
- Financial statements presentation
- 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.