Improved Annual Reporting By Not-For-Profit Organizations
Improved Annual Reporting by Not-for-Profit Organizations was developed by a working group drawn from the not-for-profit sector that provided advice to CICA’s Canadian Performance Reporting Board.
The guide is intended to assist senior management and boards of directors of not-for-profit organizations in preparing high quality annual reports that enhance the accountability of organizations and provide useful information to stakeholders. While the guidance is targeted at small to mid-size not-for-profit organizations, it may also be useful for larger entities. Government organizations following not-for-profit GAAP, including those in the SUCH sector (schools, universities, colleges and hospitals), should consider the guidance in the Public Sector Accounting Board’s standards of recommended practices.