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)?