Do Not-For-Profits Need Their Own Conceptual Framework?

Christine Ryan, Janet Mack, Helen Irvine, Stuart Tooley

Research output: Contribution to journalArticle

Abstract

This paper raises the issue of whether not‐for‐profit (NFP) oganisations require a conceptual framework that acknowledges their mission imperative and enables them to discharge their broader accountability. Relying on publicly available documentation and literature, it suggests the current Conceptual Frameworks for the for‐profit and public sectors are inadequate in meeting the accountability needs of NFPs. A NFP‐specific conceptual framework would allow the demonstration of broader NFP‐specific accountability and the formulation of NFP‐appropriate reporting practice, including the provision of financial and non‐financial reporting. The paper thus theoretically challenges existing financial reporting arrangements and invites debate on their future direction.
Original languageEnglish
Pages (from-to)383-402
JournalFinancial Accountability and Management
Volume30
Issue number4
DOIs
Publication statusPublished - 1 Nov 2014

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