There needs to be a national conversation about financial reporting arrangements for the not for profit sector, according to a new issues paper on reporting and accounting standards.
Anglicare Australia, together with the Australian Charities and Not for profits Commission (ACNC) and the Australian Accounting Standards Board (AASB) launched the issues paper on Wednesday 29th March.
The paper, entitled Issues Paper: Better Financial Reporting for Australian NFPs, focuses on financial reporting for the not for profit sector. Anglicare Australia commissioned the paper from Dr David Gilchrist of Baxter-Lawley. Gilchrist said in the introduction that there was a need for sector-wide participation in the national discussion pertaining to Australian Accounting Standards and their impact on the sector’s financial reporting arrangements.
To read the full Pro Bono article, click here.
