Exposure Draft CIPFA/ED/2022/1 International Non-Profit Accounting Guidance

ACCA welcomes the opportunity to provide views in response to CIPFA’s Exposure Draft CIPFA/ED/2022/1 International Non-Profit Accounting Guidance (INPAG) Part 1 (hereinafter referred to as ‘ED1’). This response has been drafted with the assistance of ACCA’s Global Forum for Corporate Reporting.

We note that non-profit organisations (NPOs) and users of their financial statements have expressed a need for an alternative to existing established financial reporting frameworks to cater to NPO-specific needs, and that INPAG aims to provide that alternative. We appreciate the efforts that have gone into this project, and provide our comments below on areas which we consider most important or where we have perspectives to add.

To read the response in full, please download the consultation response document found on this page.