An international standard for financial reporting for the non-profit sector should be developed, according to a global survey of professionals in the sector. Academic research published by the UK and Ireland’s Consultative Committee of Accountancy Bodies today has provided the first comprehensive and international study into financial reporting in not-for-profit organisations. It was based on a literature review and survey that received over 600 responses from 179 counties. These came from a broad range of non-profits from large international non-governmental organisations to small community-based ones. While a range of views was expressed, overall there was an appetite for an international standard for financial reporting in the sector, with 72% of respondents agreeing it would be useful.