Should NPOs Follow International Standards for Financial Reporting? A Multinational Study of Views

  • Oonagh B. Breen, Carolyn J. Cordery, Louise Crawford, Gareth G. Morgan
  • VOLUNTAS International Journal of Voluntary and Nonprofit Organizations, September 2018, Springer Science + Business Media
  • DOI: 10.1007/s11266-018-0040-9

Should nonprofits follow financial reporting standards internationally?

What is it about?

This paper is the third that analyses the data we collected for the CCAB study as to whether there should be a set of international standards for nonprofit entities. In this paper we analyse the need for nonprofits to discharge accountability and how international accounting standards could assist that. Any standards would need moral legitimacy to do so.

Why is it important?

There are currently no international accounting standards for nonprofit entities (but there are for for-profit and public sector entities). This study analysed whether there was a need and indeed whether a standard setter would emerge. There is a need to develop standards for better accountability and for nonprofits to follow them.


Professor Carolyn J Cordery
Aston University

I enjoyed working with my co-authors on this project and am honoured to be involved in the IFR4NPO project that is seeking to give life to the topic of this research.

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The following have contributed to this page: Professor Carolyn J Cordery