ADOPTION OF IFRS IN NON-PROFIT ORGANIZATIONS: BENEFITS AND DRAWBACKS

Abstract

ABSTRACT

This study explores the adoption of International Financial Reporting Standards (IFRS) within non-profit organizations (NPOs), focusing on five key variables: Financial Transparency, Accountability, Reporting Complexity, Implementation Costs, and Financial Reporting Quality. The hypotheses related to these variables were tested using classical assumption tests on data collected from 35 NPOs. The findings indicate both positive and negative impacts of IFRS adoption. Statistical results demonstrate significant effects on transparency, accountability, complexity, costs, and financial reporting quality.

Keywords: IFRS, non-profit organizations, financial transparency, accountability, classical assumption tests