Sector international accounting standard supported

Civil Society Media reports that charity accountants around the world support the development of an international accounting standard for non-profit organisations. A consultation run for the Consultative Committee of Accountancy Bodies attracted 605 responses, mostly from charities, accountants and regulators, representing organisations working in 179 countries.

News item http://www.civilsociety.co.uk/finance/news/content/16996/ or find the executive summary (pdf 469KB) or full report ‘International Financial Reporting for the Not-for-Profit Sector’ at http://www.ccab.org.uk/reports.php.

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