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AASB ITC 14 Proposed Definition and Guidance for Not-for-Profit Entities

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The Institute has lodged submission on this Invitation to Comment which can be downloaded from here. Regular ANT readers will remember that in February we conducted a member survey to gain input into our submission on this Invitation to Comment. 
 
From the level of response we could see that there is a high level of interest in this topic among our members and a general feeling that the definition of a not-for-profit needs to be clarified. Views were mixed, however, on whether Australia should change to the New Zealand “public benefit entity”. 
 
This article is current up to 4 April 2008