IFR4NPO is an initiative to develop global financial reporting guidance for non-profit organisations. It is spearheaded by Humentum and CIPFA to heighten transparency and enhance trust.
If donors do not have access to consistent, high-quality, accurate financial information, why would they continue to invest? This is a top concern for non-profit organisations (NPOs) globally and a concern that Humentum and CIPFA aim to put to rest through the development of an international non-profit reporting standard.
Humentum itself is a non-profit working with humanitarian and development organisations to improve how they operate. It is located across several continents but ICAEW member Samantha Musoke, Humentum's Project Director IFR4NPO, is based in Uganda where the flow of donations through non-profit organisations is vital, and so is the reporting of it.