The International Financial Reporting for Nonprofit Organizations (IFR4NPO) has issued the last of its 3 exposure drafts intended to create the world’s first internationally applicable financial reporting guidance for nonprofits. ED1 was issued in 2022 and ED2 was issued in 2023 as part of the process of developing a model that can be used globally. ED3 focuses on the details of financial reporting including fund accounting, classification of expenses and fundraising costs, and supplementary information. Comments are due September 16, 2024.