Allocating charities' financial reporting requirements using tiers – Australian perspectives

Han Wen, David Gilchrist, Prerana Agrawal and Lyndie Bayne

Accounting and Finance, 2025, vol. 65, issue 2, 1962-1986

Abstract: The Australian accounting standard setter, funders and the sector itself express concern about reporting obligations established via regulatory requirements that are arbitrarily allocated using a tiered system based on income levels. This study investigates the utility of the current financial reporting framework by interviewing experienced preparers. Findings reveal stakeholders demand more detailed information, current accounting standards are seen as unsuitable, and irrelevant disclosures reduce report relevance. The tiered reporting system is viewed as outdated, especially for small and medium‐sized charities. We contribute to the literature on not‐for‐profit accounting by highlighting current system limitations and suggesting improvements for alignment with stakeholder needs.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/acfi.13397

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:acctfi:v:65:y:2025:i:2:p:1962-1986

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0810-5391

Access Statistics for this article

Accounting and Finance is currently edited by Robert Faff

More articles in Accounting and Finance from Accounting and Finance Association of Australia and New Zealand Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().