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About
An initiative to develop the world’s first internationally applicable financial reporting guidance for non-profit-organisations.
IFR4NPO Team
Meet the IFR4NPO Team: Governance Group, Secretariat, Advisors and Champions
Governance
Find out how IFR4NPO and INPAG are governed.
Funding
Who has funded the project so far? What’s the budget? What funding opportunities are there?
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INPAS
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Exposure Draft 3
Exposure Draft 3 was open for public comment until 16 September 2024.
Exposure Draft 2
INPAG Exposure Draft 2 was open for public comment until 15 March 2024.
Exposure Draft 1
The first Exposure Draft of INPAG was open for public comment until 31 March 2023
Consultation Paper
View the Consultation Paper and the responses received
Community
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Join the organisations and individuals advocating for efficiency, equity and accountability in non-profit financial reporting
Country Champions
The project's Country Champions engage influential stakeholders so that they contribute to the development process, and gain confidence to adopt or align to it.
Around The World
International Non-Profit Accounting Guidance (INPAG) needs to be relevant to the needs of stakeholders in different jurisdictions around the world.
Technical Advisory Group (TAG)
The TAG provides advice on the development of the guidance from a technical standard setting perspective.
Practitioner Advisory Group (PAG)
The PAG provides advice on the development of the guidance from a practitioner perspective.
Donor Reference Group
The Donor Reference Group consists of grantmakers, including bilateral and multilateral agencies as well as foundations and trusts.
Donor Statement of Support
Donors are taking INPAG and harmonisation of grant reporting seriously. Check the signatories to this statement of support.
Grant Agreement Clauses Working Group
It consists of grantmakers, including bilateral and multilateral agencies as well as foundations and trusts.
Events and Meetings
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TAG Meetings
Technical Advisory Group meetings.
PAG Meetings
Practitioner Advisory Group meetings.
Events and Meetings
Catch up on event and meetings such as Focus and Working groups
News and Blogs
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Updates and Announcements
Blogs and Podcasts
INPAG in the news
Global coverage on Non-profit Financial Reporting
Resources
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Accounting and Reporting Issues
There are a number of sector specific accounting issues for non-profit organisations, that are being addressed by International Non-Profit Accounting Guidance (INPAG).
Financial Statements
See example NPO financial statements from around the world.
Tools
Practical tools to support NPO accounting and reporting.
Non-English Resources
The IFR4NPO project aims to provide more content and resources in French, Spanish and Arabic to support greater engagement
FAQs
Frequently asked questions.
Reference Materials
Access a library of reference materials that have informed the development of the project.
Glossary
Glossary of terms.

INPAS

International Non-Profit Accounting Standard, for whole-of-entity financial reports and donor/grant reports.

About INPAS

The International Non-Profit Accounting Standard (INPAS) is set to be published in the second half of 2025. Designed to be stand-alone guidance, it ensures that preparers and auditors can easily access the financial reporting framework they need. Built on the IFRS for SMEs Accounting Standard as a foundation, INPAS has been developed to address key non-profit financial reporting issues. During its development, it was known as INPAG (Guidance).

  • INPAS is intended for small, medium and large Non-profit organisations (NPOs), applying accrual accounting to meet the needs of the users of their financial reports. It is not intended for micro entities or those with public (as opposed to societal) accountability.
  • INPAS Practice Guide 1: Supplementary Statements for Donor Reporting 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, INPAS offers a credible, internationally applicable solution that regulatory bodies can adopt. By harmonising grant reporting, it also creates win-win benefits for both funders and NPOs, fostering transparency, trust, and efficiency across the sector.

Benefits of INPAS

  • For NPOs – Simplifies and standardises financial reporting, making it easier to measure financial sustainability, comply with donor requirements, and attract quality funding.
  • For Funders – Increases confidence in the financial integrity of NPOs, enabling more informed funding decisions and streamlined grant accountability.
  •  For Auditors – Provides a clear and consistent framework for auditing nonprofit financial statements, reducing ambiguity and enhancing audit quality.

INPAS and Practice Guide 1

INPAS provides guidance about the preparation of whole-of-entity financial statements, to meet the needs of a broad range of readers.

INPAS 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 INPAS will be countries and sector regulators, while funders will promote the use of Practice Guide 1.

INPAS development and adoption

During its development, INPAS was known as INPAG (Guidance). In 2020 a Consultation Paper (CP) sought feedback on the key issues and proposals. During 2022-2024 an ‘Exposure Draft’ (that is proposed text, released for public comment) was issued in 3 parts (ED1, 2 & 3).

  • CP closed for comment on 7 October 2021.
  • ED1 closed for comment on 31 March 2023.
  • ED2 closed for comment on 15 March 2024.
  • ED3 closed for comment on 16 September 2024.

INPAS will be issued in the second half of 2025, ready to be adopted.

Content of each Exposure Draft

Guidance development objectives

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, CIPFA’s INPAS Technical Director Karen Sanderson explains the objectives that have been front of mind while developing the standard.

 

 

 

 

Advisors to development process

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

Learn more about key topics
ResourcesAccounting and Reporting IssuesFinancial Statements
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