International not-for-profit reporting platform launched

  • IFASS (International Forum of Accounting Standard Setters) (dark green) Image

27 Sep 2017

In connection with the International Forum of Accounting Standard Setters (IFASS) meeting currently being held in London, the Chartered Institute of Public Finance and Accountancy (CIPFA) has launched an international not-for-profit reporting platform developed for the Not-for-Profit Working Group of IFASS.

The new platform is an online resource which allows approaches to not-for-profit accounting and reporting across different countries to be compared directly for the first time. It aims to support standard-setters to see how transactions common to all not-for-profit organisations are accounted for and reported on, and the different standards and approaches which exist. It also aims to help users and preparers of not-for-profit financial statements determine how similar transactions would be accounted for and reported on in different jurisdictions around the world.

Please click to access the new platform on the CIPFA website.

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