To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Overview of INPAS Standards webinar
Date: 5th March 2026
Time: 04.00pm-06.00pm
Venue: Virtual Delivery
Overview
The International Non-Profit Accounting Standard (INPAS) represents a landmark development in financial reporting for the non-profit sector. Launched in October 2025 as the first globally recognized accounting standard specifically designed for non-profit organizations (NPOs), INPAS provides a unified, accrual-based framework tailored to the unique characteristics of nonprofits. Unlike traditional standards such as IFRS or national GAAP, which primarily serve for-profit entities, INPAS addresses sector-specific challenges including diverse funding sources, donor restrictions, and grant reporting. It emerged from the International Financial Reporting for Non-Profit Organisations (IFR4NPO) project, led by CIPFA and Humentum, following extensive global consultations over six years involving stakeholders from more than 40 countries.
INPAS is built upon the foundation of the IFRS for SMEs Accounting Standard, adapting and extending it to better reflect non-profit realities. It applies to small, medium, and large NPOs that use accrual accounting, offering guidance for preparing whole-of-entity financial statements that meet the needs of a wide range of users, including donors, regulators, and beneficiaries. The standard emphasizes producing transparent, credible, and comparable financial reports while reducing inconsistencies that arise when NPOs apply multiple or mismatched frameworks across jurisdictions and funders.
A core objective of INPAS is to enhance transparency, accountability, and trust in non-profit finances worldwide. It tackles long-standing issues such as the recognition and measurement of grants and donations, the clear distinction and presentation of restricted versus unrestricted funds, and the integration of meaningful narrative reporting alongside financial data. By providing specific rules for these areas, INPAS helps ensure that financial statements deliver decision-useful information, enabling stakeholders to better understand an organization’s resource allocation, performance, and compliance with donor intentions.
The standard covers comprehensive recognition, measurement, presentation, and disclosure requirements customized to non-profit activities and funding models. It includes a Practice Guide for harmonized grant reporting, which aims to streamline compliance across different funders and significantly reduce the administrative burden on NPOs that previously faced duplicative or conflicting reporting demands. This harmonization is expected to improve efficiency, cut compliance costs, and foster greater consistency in how financial information is communicated globally.
INPAS promotes comparability across borders and organizations, allowing donors, governments, and the public to more reliably assess and compare non-profits regardless of location or size. ICPAK has endorsed the use of the standards and early uptake is anticipated to build credibility and support informed decision-making. The standard’s standalone nature means NPOs can apply it independently, though publicly accountable entities must make appropriate disclosures if choosing INPAS over full IFRS.
Overall, INPAS marks the non-profit sector’s alignment with the kind of standardized, high-quality financial reporting long available to for-profit entities. By establishing a single, sector-dedicated benchmark, it seeks to strengthen donor confidence, facilitate cross-border operations, and ultimately contribute to more effective and trustworthy non-profit work worldwide. As implementation progresses, ongoing guidance and resources from the International Non-Profit Reporting Foundation (INPRF) will support the transition for organizations adopting the standard. Join us for this webinar to get more insights on the standard.
 Target Audience:
All professionals working in the NPO Sector, external auditors, consultants, academia and other interested professionals.
 Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the webinar.
Financial Commitment
The webinar charges are Kshs. 1,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance.
Online Booking
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on interested participants to note that booking for the event is available online at www.icpak.com and will close two hours before the training session.
National Industrial Training Authority (NITA) Reimbursement
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
