Accountability and not-for-profit organisations: implications for developing international financial reporting standards.

Crawford, Louise; Morgan, Gareth G.; Cordery, Carolyn J.

Abstract

This paper provides empirical evidence which informs contemporary debates on developing international financial reporting standards for not-for-profit organisations (NPOs) (CCAB, 2013a,b; IFRS Foundation, 2015). Drawing on a global survey with respondents showing experience of NPO reporting in 179 countries, we explore: practice and beliefs about NPO financial reporting internationally; perceptions of accountability between NPOs and stakeholders; and implications for developing international financial reporting standards. Interpreting our research in the context of accountability, we find considerable support for developing international financial reporting standards for NPOs, recognising broad stewardship accountability to all stakeholders as important, but prioritising accountability upwards to external funders and regulators.

Citation

CRAWFORD, L., MORGAN, G.G. and CORDERY, C.J. 2018. Accountability and not-for-profit organisations: implications for developing international financial reporting standards. Financial accountability and management [online], 34(2), pages 181-205. Available from: https://doi.org/10.1111/faam.12146

• Journal Article Type: Article
• Acceptance Date: Aug 1, 2016
• Online Publication Date: Nov 23, 2017
• Publication Date: May 31, 2018
• Deposit Date: Aug 3, 2016
• Publicly Available Date: Nov 24, 2019
• Journal: Financial accountability and management
• Print ISSN: 0267-4424
• Electronic ISSN: 1468-4808
• Publisher: Wiley Open Access
• Peer Reviewed: Peer Reviewed
• Volume: 34
• Issue: 2
• Pages: 181-205
• DOI: https://doi.org/10.1111/faam.12146
• Keywords: Not for profit organisations (NPO); Accountability; International financial reporting; Stewardship
• Public URL: http://hdl.handle.net/10059/1550