Accountability and not-for-profit organisations: implications for developing international financial reporting standards

Louise Crawford, Gareth Morgan, Carolyn J. Cordery

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)181-205
JournalFinancial Accountability and Management
Volume34
Issue number2
Early online date23 Nov 2017
DOIs
Publication statusPublished - 23 Nov 2017

Fingerprint

International Financial Reporting Standards
Accountability
Not-for-profit organizations
Stakeholders
Global survey
Financial reporting
Empirical evidence
Stewardship

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 standards
Cordery, 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

Cite this

@article{0057ff8d3b3b41efa23e9f5547699dfe,
title = "Accountability and not-for-profit organisations: implications for developing international financial reporting standards",
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.",
keywords = "Not-for-profit organisations (NPO), convergence, accountability, international financial reporting",
author = "Louise Crawford and Gareth Morgan and Cordery, {Carolyn J.}",
note = "Copyright {\circledC} 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 standards Cordery, 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.",
year = "2017",
month = "11",
day = "23",
doi = "10.1111/faam.12146",
language = "English",
volume = "34",
pages = "181--205",
journal = "Financial Accountability and Management",
issn = "0267-4424",
publisher = "John Wiley and Sons Inc.",
number = "2",

}

Accountability and not-for-profit organisations: implications for developing international financial reporting standards. / Crawford, Louise; Morgan, Gareth; Cordery, Carolyn J.

In: Financial Accountability and Management, Vol. 34, No. 2, 23.11.2017, p. 181-205.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Accountability and not-for-profit organisations: implications for developing international financial reporting standards

AU - Crawford, Louise

AU - Morgan, Gareth

AU - Cordery, Carolyn J.

N1 - 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 standards Cordery, 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.

PY - 2017/11/23

Y1 - 2017/11/23

N2 - 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.

AB - 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.

KW - Not-for-profit organisations (NPO)

KW - convergence

KW - accountability

KW - international financial reporting

UR - https://onlinelibrary.wiley.com/doi/full/10.1111/faam.12146

U2 - 10.1111/faam.12146

DO - 10.1111/faam.12146

M3 - Article

VL - 34

SP - 181

EP - 205

JO - Financial Accountability and Management

JF - Financial Accountability and Management

SN - 0267-4424

IS - 2

ER -