IFR4NPO will develop INPAG

  • Deloitte document (mid gray) Image

14 Sep 2022

International Financial Reporting for Non-Profit Organisations (IFR4NPO), an initiative to develop the first internationally applicable financial reporting guidance for non-profit organisations, has announce that its guidance will be called 'International Accounting Guidance for Not-for-Profit Organisations (INPAG)'.

INPAG will be a stand-alone guidance so that preparers and auditors can find what they need in one place. Using the IFRS for SMEs as a starting point, changes will be made to address the prioritized non-profit issues.

IFR4NPO has released a video explaining about INPAG and the vision behind them.

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