Did you know that most countries in Africa do not have bespoke financial reporting standards for non-profit organizations? Many NPOs end up using standards written with for-profit entities in mind. This is a contributing factor to many problems including inequity in access to resources and financial health.
Humentum is changing that with a project called IFR4NPO, by developing International Non-Profit Accounting Guidance (INPAG)
The first Exposure Draft of INPAG was issued on November 21, 2022 for public comment by all stakeholders. Accountants, auditors, and standard setters all over the world are poised to share their views, which may be more oriented to consistency with for-profit approaches. There is a risk that the perspectives of NNGOs, INGOs and funders may be under-represented.
During this roundtable, we will discuss just three issues where we believe it will be important and influential that your voice and the voice of the sector is heard:
- Transparency on general reserves
- Support for a fund accounting approach
- Importance of exemptions for disclosure of sensitive activities
During the session, you will:
- Learn the specific proposals in INPAG Exposure Draft 1 (ED1) on the above topics, and why they matter for African NGOs
- Share your feedback on our proposed ‘response’, to ensure it reflects the views of the sector
- Discover how to submit your own consultation responses on these and other issues
How to register
Visit the event page and click register. Once registered, you will receive a confirmation email with details on how to log onto the event.