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Financial reporting by charities: a matched case study analysis from four countries

Author

Listed:
  • Janet Mack
  • Gareth G. Morgan
  • Oonagh B. Breen
  • Carolyn J. Cordery

Abstract

This paper analyses financial reporting requirements applicable to charities in four jurisdictions—Australia; England; Ireland; New Zealand—using case study analysis which compares the actual financial statements of four charities operating in the same field and with similar levels of total income. The authors highlight common issues and implications in terms of the concepts underpinning not-for-profit organization (NPO) financial reporting and argue the case for harmonized international NPO accounting standards.

Suggested Citation

  • Janet Mack & Gareth G. Morgan & Oonagh B. Breen & Carolyn J. Cordery, 2017. "Financial reporting by charities: a matched case study analysis from four countries," Public Money & Management, Taylor & Francis Journals, vol. 37(3), pages 165-172, April.
    • Handle: RePEc:taf:pubmmg:v:37:y:2017:i:3:p:165-172
    DOI: 10.1080/09540962.2017.1281638
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    References listed on IDEAS

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    1. Hyndman, Noel & McMahon, Danielle, 2010. "The evolution of the UK charity Statement of Recommended Practice: The influence of key stakeholders," European Management Journal, Elsevier, vol. 28(6), pages 455-466, December.
    2. Carolyn J. Cordery & Kevin Simpkins, 2016. "Financial reporting standards for the public sector: New Zealand's 21st-century experience," Public Money & Management, Taylor & Francis Journals, vol. 36(3), pages 209-218, April.
    3. Sheila Ellwood & Sue Newbury, 2006. "A bridge too far: a common conceptual framework for commercial and public benefit entities," Accounting and Business Research, Taylor & Francis Journals, vol. 36(1), pages 19-32.
    4. Connolly, Ciaran & Hyndman, Noel & McConville, Danielle, 2013. "UK charity accounting: An exercise in widening stakeholder engagement," The British Accounting Review, Elsevier, vol. 45(1), pages 58-69.
    5. Lydia Kilcullen & Phil Hancock & H. Y. Izan, 2007. "User Requirements for Not-For-Profit Entity Financial Reporting: An International Comparison," Australian Accounting Review, CPA Australia, vol. 17(41), pages 26-37, March.
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