Accountability and not‐for‐profit organisations: Implications for developing international financial reporting standards

Crawford, Louise; Morgan, Gareth G.; Cordery, Carolyn J.

doi:10.1111/faam.12146

Cited by 54 publications

(69 citation statements)

References 39 publications

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“…We find that, despite users' needs often being alluded to in the financial reporting framework (Young, 2006), our respondents highlight that the users (stakeholders) who appear to be prioritised are the regulators or standard-setters themselves. The survey results show that, similarly to other's findings (for example, Coule, 2015;Crawford et al, 2018;Ryan et al, 2014) beneficiaries' needs do not drive NPO reporting, as they are not seen as powerful influencers on NPO financial reporting. Yet beneficiaries need power to bring their needs to dominance (Mitchell et al, 1997), especially if those with power are unwilling to negotiate change (Reay & Hinings, 2009).…”

Section: Discussionsupporting

confidence: 56%

“…Crawford et al, 2018 present an accountability matrix for NPOs which locates stakeholder groups according to their internal or external relationship with the NPO and the nature of the accountability The extent to which these users depend on financial reports for accountability and decisionmaking varies, with government and large funders (including lenders) demanding financial reporting more than public donors. Crawford, Morgan and Cordery (2018) found support amongst NPO stakeholders who were involved in NPO financial reporting for exercising broad stewardship accountability. Yet they also found that accountability upwards to external funders and regulators was prioritised.…”

Section: (Iii) Which Users Drive/ Decide the Type Of Financial Reportmentioning

confidence: 99%

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International practices, beliefs and values in not-for-profit financial reporting

et al. 2018

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Section: Discussionsupporting

confidence: 56%

Section: (Iii) Which Users Drive/ Decide the Type Of Financial Reportmentioning

confidence: 99%

International practices, beliefs and values in not-for-profit financial reporting

et al. 2018

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“…The UK SORP could, then, act as a base (recognised as acceptable under IFRS) for international co-ordination of cooperative accounting. The UK charity SORP is closely aligned with Generally Accepted Accounting Practice for notfor-profits and there is currently a movement developing towards international alignment of national practices in not-for-profit accounting (Crawford et al, 2018). In practice, the international SORP would be international Generally Accepted Accounting Practice guidelines for co-operatives, which would be aligned with the UK SORP if the two projects are well co-ordinated as both are developed.…”

Section: Practical Research Agenda To Develop a Sorp For Co-operativesmentioning

confidence: 99%

Accounting for Co-operative purposes: reclaiming the conversation. Concept paper on a SORP for co-operatives, Maureen McCulloch

2019

IJCAM

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Cooperatives , built on mutuality, present a challenge to the dominant paradigm of the investororiented business. It is difficult, if not impossible, to understand and explain cooperative activities properly in the language of returns on financial investment. This paper argues that we need to develop an accounting which facilitates understanding cooperatives on their own terms; an accounting which would allow cooperatives to reclaim the conversation about the sort of society we want to build together from the debates about returns on investment. This paper sets out to explore and champion the possibility of the cooperative movement developing a specifically cooperative oriented format for financial accounting and reporting which would allow cooperatives to differentiate themselves from both investor-oriented businesses and philanthropic organisations: a statement of recommended practice (SORP) in accounting and reporting for cooperatives. Reporting under such a SORP would allow cooperatives to recognise their fundamental principles of participation, mutuality, democracy and community through membership as opposed to investor supremacy or philanthropy whilst still complying with international financial reporting standards (IFRS). This paper uses the SORP in accounting and reporting for charities in the UK as an example of how a very different approach to accounting (concentrating on the organisational purpose) can be, and actually is, accommodated under IFRS in order to explore what can be learnt for cooperatives. Maureen McCulloch is Senior Lecturer in Accounting in the Oxford Brookes Business School, UK and an instructor in the Cooperative Management Education Programme at Saint Mary's University. Her research focuses on accounting for non-profit and social enterprises including cooperatives. Prior to joining the staff at Oxford Brookes Business School, Maureen was finance director for a number of non-profit organisations, consultant for several others and a visiting lecturer at several UK universities covering accounting for purposes other than profit. Maureen is a Chartered Accountant (UK) and is currently completing her PhD at Sheffield Business School.

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“…This research topic was chosen because there is general public interest in the accountability of nonprofit organisations and the underlying issues are of broad importance to society. In recent years, there has been an abundance of research on nonprofit accountability (Crawford, Morgan, & Cordery, 2018;O'Leary, 2017). Given recent scandals that have occurred in all types of organisations; at the corporate level (e.g.…”

Section: List Of Figuresmentioning

confidence: 99%

“…Figure 1-1 conceptualises where the nonprofit sector fits within the economic sectors. See also Crawford et al (2018) and Salamon and Sokolowski (2016) for other visual schematics of economic sectors.…”

Section: Definition and Characteristics Of Nonprofit Organisationsmentioning

confidence: 99%

Accountability in Ontario's Health Care System: The Role of Governance and Information in Managing Stakeholder Demands

Pilon¹

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This research focuses on nonprofit accountability because accountability failures, such as frauds and scandals, impede an organisation's ability to deliver on its mission and have raised concerns about an organisation's ability to manage their accountability demands. Previous nonprofit studies have focused on what accountability is and to whom organisations are accountable, while less focus has been given to how accountability is managed. Through the concepts of stakeholder relationships, governance mechanisms and information strategies, an accountability system is proposed and serves as the conceptual framework to understand how nonprofit accountability is managed.The objective of this research is to gain a better understanding of the nonprofit accountability system. As such, the study's research question is how do nonprofit organisations manage their accountability system?To answer the research question, a multiple-case study research strategy using a cross-sectional sample of health care organisations, with a particular focus on nonprofit hospitals and two of its salient stakeholders, Local Health Integration Networks (LHINs) and foundations.This study has provided a clearer understanding of the relationship between accountability, governance and information, which contrasts with a majority of studies that have concentrated on specific aspects of accountability. At the practical level, to iii view accountability as a system, makes it easier to identify weaknesses, which could be used as a governance tool to help nonprofit leaders improve their accountability management practices.iv Acknowledgements I would like to thank my research supervisor, François Brouard, for his valuable support. He guided me through the completion of this thesis with rigour, critical sense, sound advice, and a sense of humour.

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Accountability and not‐for‐profit organisations: Implications for developing international financial reporting standards

Cited by 54 publications

References 39 publications

International practices, beliefs and values in not-for-profit financial reporting

International practices, beliefs and values in not-for-profit financial reporting

Accounting for Co-operative purposes: reclaiming the conversation. Concept paper on a SORP for co-operatives, Maureen McCulloch

Accountability in Ontario's Health Care System: The Role of Governance and Information in Managing Stakeholder Demands

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