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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...

Share this article Share this article ResearchAndMarkets.com's offering. With the adjustment in the catalog of medicines covered by national medical insurance system, the scope and reimbursement ratio of almost all blood products for clinical use grow tremendously, which has further opened up the blood product market. In 2020, the lot release volume of blood products in China sustained growth, hitting 101.31 million bottles, a year-on-year upsurge of 12.7%. Wherein, the lot release volume of human albumin rose 14.78% on an annualized basis, making up 60%; that of human immunoglobulin (pH4) f...

Date Time Enhancing offshore oil and gas decommissioning framework The Australian Government has approved a suite of measures aimed at enhancing and strengthening Australia’s offshore oil and gas decommissioning framework. Minister for Resources, Water and Northern Australia Keith Pitt said the measures will ensure the offshore decommissioning framework is clear and fit for purpose. “Australia’s offshore oil and gas industry has supported Australia’s energy security and economic activity for over 50 years and it will continue to be an important economic and energy security driver for ...

Print The Financial Planning Association (FPA) has hit out at the Tax Practitioners Board (TPB) for failing to align the rules for tax financial advisers with the Financial Adviser Standards and Ethics Authority (FASEA) regime while failing to define what actually represents tax financial advice that falls outside the definition of financial advice. In a strongly worded submission to the TPB the FPA said it was extremely disappointed “by the TPB’s reluctance to unconditionally accept the [Continuing Professional Education] CPE 1 completed for FASEA purposes as meeting the TPB CPE requirem...

Changes to not-for-profit laws may silence activists and advocacy groups The changes may have a ‘chilling effect’ on advocacy in the sector March 7, 2021 In February 2021, the Treasury released an Exposure Draft of a law that would change how not-for-profit organisations are regulated in Australia. These changes, which have so far escaped widespread attention, could significantly stifle activist organisations and advocacy groups more broadly.  As a brief overview, all Australian not-for-profits (except for “basic religious charities”) must comply with certain minimum standards of beh...