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International practices, beliefs and values in not-for-profit financial reporting.

Cordery, Carolyn J.; Crawford, Louise; Breen, Oonagh B.; Morgan, Gareth G.


Carolyn J. Cordery

Louise Crawford

Oonagh B. Breen

Gareth G. Morgan


Financial reporting is an important aspect of not-for-profit organisations' (NPOs') accountability discharge, particularly for donations and funding. Nevertheless, NPO financial reporting lacks a global approach. Drawing on a multi-national survey attracting more than 600 respondents, this paper utilises a pattern-matching methodology to capturing institutional logics. We uncover tension between NPO financial reporting practice (underpinned by symbolic and material carriers of a local financial reporting logic), and a majority belief that NPO international financial reporting standards are required. Conflict between local practice and stakeholder beliefs is evident. Significant belief differences across key stakeholder groups will likely impact NPO financial reporting development.


CORDERY, C.J., CRAWFORD, L., BREEN, O.B. and MORGAN, G.G. 2019. International practices, beliefs and values in not-for-profit financial reporting. Accounting forum [online], 43(1), pages 16-41. Available from:

Journal Article Type Article
Acceptance Date May 21, 2018
Online Publication Date Apr 16, 2019
Publication Date Mar 31, 2019
Deposit Date May 21, 2018
Publicly Available Date Oct 1, 2020
Journal Accounting forum
Print ISSN 0155-9982
Electronic ISSN 1467-6303
Publisher Taylor & Francis
Peer Reviewed Peer Reviewed
Volume 43
Issue 1
Pages 16-41
Keywords Financial reporting; Not-for-profit; NPO; Charities; Logics
Public URL


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