The International Non-Profit Accounting Guidance (INPAG) is set to be published in the second half of 2025. Designed as a stand-alone guidance, INPAG ensures that preparers and auditors can easily access the financial reporting framework they need. Built on the IFRS for SMEs as a foundation—under license agreements with the IFRS Foundation and IFAC—INPAG has been carefully adapted to address key nonprofit financial reporting issues.
INPAG is tailored for NPOs that need to track assets, liabilities, and a range of transactions to meet the needs of their financial report users. The INPAG Practice Guide 1: Supplementary Statements introduces a harmonised format for grant and project reporting, reducing the complexity and burden of multiple reporting formats.
With high-quality development, extensive consultation, and a rigorous due process, INPAG offers a credible, internationally relevant solution that regulatory bodies can adopt as a mandatory standard. By harmonising grant reporting, INPAG creates win-win benefits for both funders and NPOs, fostering transparency, trust, and efficiency across the sector.
Check out this video to learn more.
INPAG provides guidance about the preparation of whole-of-entity financial statements, to meet the needs of a broad range of readers.
INPAG Practice Guide 1 provides a harmonised format for project or grant reports, linked to the main financial statements.
The primary drivers for the adoption of INPAG will be countries and sector regulators, while funders will promote the use of Practice Guide 1.
Since 2020 we have been developing INPAG. Firstly, a Consultation Paper (CP) sought feedback on the key issues and proposals. The ‘Exposure Draft’ (that is proposed Guidance text, released for public comment) was issued in 3 parts (ED1, 2 & 3).
We are now also looking forward to adoption.
The overarching goals are to improve the usefulness, reliability and consistency of financial reports, while also reducing the burden on reporting NPOs due to multiple formats.
In the video, CIPFAs’ INPAG Technical Director Karen Sanderson explains the objectives that have been front of mind while developing the standard.
The development process is guided by three groups of expert volunteer advisors: the Technical Advisory Group (TAG), the Practitioner Advisory Group (PAG) and the Donor Reference Group. You can see details of their roles, members and meetings below:
Technical Advisory Group – role & members | meetings
Practitioner Advisory Group – role & members | meetings
Donor Reference Group – member organisations
