Today’s blog looks at a movement to develop internationally applicable financial reporting guidance for nonprofit organizations. IFR4NPO (International Financial Reporting For Non Profit Organisations) has issued a consultation. The blog looks at Part 1 of the proposal, which includes the scope and overall conceptual framework to be used in the development of this international standard. Comments on Part 1 are due by July 30.

Call to Action: What impact do you think the results of this project will have on nonprofits around the globe?

Access the Consultation Paper:

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members. Melisa is a speaker on audit topics at SCACPA’s annual Spring Splash and Fall Fest conferences. She also takes part in many SCACPA seminars and rebroadcasts.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.