NEWS
IFR4NPO October 2024 Newsletter
22-10-2024
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Unlocking non-profit potential with harmonised financial reporting
Improving transparency, building trust
Non-profit organisations (NPOs) worldwide lack a unified standard for preparing annual audited accounts, creating barriers to effective funding and imposing unnecessary reporting burdens. While a few countries have developed their own standards, they vary widely, and current international frameworks don’t address the unique needs of NPOs—especially in areas like grant accounting.
INPAG (International Non-Profit Accounting Guidance), launching in September 2025, will provide a global standard for the non-profit sector – improving financial reporting consistency, accountability, and transparency. It will help NPOs deliver high-quality financial information, for both entity-wide and grant-specific reporting.
With INPAG, NPOs will be better positioned to build trust with funders, regulators, and stakeholders, unlocking new funding opportunities and driving lasting impact. For more information, check out this 1-pager.
Check out the organisations and individuals expressing support for this initiative and add your own name or logo.
Developed by the sector, for the sector, we have engaged with people from a range of different stakeholder groups, nationalities, geographical locations, races and genders. This is important for many reasons, including the credibility and validity of the guidance development process and the quality of the final product.
INPAG has been drafted with input from over 80 people in 27 countries. Our public consultations (‘Exposure Drafts’) received 549 responses from people and organisations in 86 countries. Over 14,000 people from over 160 countries are following the initiative.
