AASB research into service performance reporting for not-for-profits

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27 Feb 2020

The Australian Accounting Standards Board (AASB) has published its Research Report No. 14 'Literature Review: Service Performance Reporting for Not-for-Profits'.

The research report reviews both the Australian and international literatures for service performance reporting for not-for-profits (NFPs).

Under the Australian reporting framework, disclosure of service performance information is mostly unregulated for private NFPs. Due to a general lack of emphasis on non-financial information in both national and state legislations, the information being reported by NFPs is insufficient to meet users’ need.

This report also suggests that the introduction of a tiered service performance reporting framework could assist in alleviating operational and cost pressures on smaller NFPs.

Findings in this report support the AASB’s project aimed at determining whether the IASB's Practice Statement 1: Management Commentary currently being updated by the IASB can be adequately adapted to become a mandatory standard in Australia.

Please click to access the research report on the AASB website.

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