Enhancing not-for-profit annual and financial reporting (PDF: 1261KB) contains extensive guidance, as well as an overview of relevant legislation and resources. 
 
Today's corporate reporting environment has changed considerably, with the introduction of Australian equivalents to international financial reporting standards and a growing focus on corporate governance, including auditing standards now having the force of law. The extent to which these apply has created some uncertainty about NFP financial reporting requirements. 
 
Recommendations 
To provide clarity on this matter, the Institute published Not-for-profit sector reporting: a research project last year. The project included several recommendations to enhance the quality of NFP financial and annual reporting. The new report, Enhancing not-for-profit annual and financial reporting (PDF: 1261KB), outlines how these enhancements may be implemented. 
 
Leadership 
The report is the latest in a line of initiatives designed to profoundly impact business and the accounting profession. As the premier accounting body in Australia, the Institute has a mandate to mould the future to ensure the profession maintains its relevance moving forward.  
 
For more information:

• The Institute: read the report in full (PDF: 1261KB)