The International Non-Profit Reporting Foundation (INPRF) – co-founded by NGO Humentum and the Chartered Institute of Public Finance and Accountancy (CIPFA) – has published the International Non-Profit Accounting Standard (INPAS).
INPAS provides an accrual-based framework reflecting the particular funding models and requirements of non-profits. It includes guidance on narrative reporting, grant income recognition, and presenting information about restricted and unrestricted funds.
Humentum co-CEO Chris Proulx stated: “This standard is a game changer — its adoption will ease the burden of multiple grant reports and audits, streamline due diligence, and will give funders greater confidence in financial information. It paves the way for fairer funding, more effective partnerships, and a stronger, more resilient sector.”
CIPFA Chief Executive Owen Mapley commented: "For the first time, non-profits have an accounting standard built entirely around their operational realities. INPAS will help organisations demonstrate stewardship of resources, meet donor and public expectations and strengthen trust through transparent, comparable reporting.”
INPRF chief executive Ian Carruthers highlighted that 90% countries do not have standardised financial reporting frameworks for non-profits in place. He said the next step is adoption by governments and voluntary implementation from non-profits and their donors.