Abstract
This paper provides empirical evidence which informs contemporary debates on developing international financial reporting standards for not-for-profit organisations (NPOs) (CCAB, 2013a,b; IFRS Foundation, 2015). Drawing on a global survey with respondents showing experience of NPO reporting in 179 countries, we explore: practice and beliefs about NPO financial reporting internationally; perceptions of accountability between NPOs and stakeholders; and implications for developing international financial reporting standards. Interpreting our research in the context of accountability, we find considerable support for developing international financial reporting standards for NPOs, recognising broad stewardship accountability to all stakeholders as important, but prioritising accountability upwards to external funders and regulators.
| Original language | English |
|---|---|
| Pages (from-to) | 181-205 |
| Journal | Financial Accountability and Management |
| Volume | 34 |
| Issue number | 2 |
| Early online date | 23 Nov 2017 |
| DOIs | |
| Publication status | Published - 23 Nov 2017 |
Bibliographical note
Copyright © 2017 by John Wiley & Sons. This is the peer reviewed version of the following article: Accountability and not-for-profit organisations: implications for developing international financial reporting standardsCordery, C. J., Crawford, L. & Morgan, G. 23 Nov 2017 In : Financial Accountability and Management., which has been published in final form at http://doi.org/10.1111/faam.12146. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Keywords
- Not-for-profit organisations (NPO)
- convergence
- accountability
- international financial reporting