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Humentum 2018 Annual Conference

TH02 - Is a Global Accounting Standard for Our Sector within Reach?

Jul 26, 2018 9:35am ‐ Jul 26, 2018 10:35am


Why does it matter to an NGO Accountant, Auditor, or Accountancy Institute in the developing world if there is no global reporting standard for not-for-profits? And what are the implications for us as grant makers? In this session you will discover why a global standard is so urgently needed, and what progress and initiatives have been made so far. Our expert panel representing CIPFA, FASB & ACCA Global will set out the possibilities and challenges ahead. We will explore together Humentum’s possible role in achieving this goal, and most importantly what a crucial part members have to play.

  • Appreciate why not having a global standard is a problem, and its increased urgency given localisation trend
  • How to support local organisations in establishing coding structures that enable them to provide information in the right format
  • How to engage local audits by requiring reference to a relevant framework (companion guide until we have a standard)?


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