The AASB recently issued a Discussion Paper setting out its initial discussions regarding a proposed Tier 3 reporting tier for NFP private sector entities. This marks the first step in updating the NFP financial reporting framework.
Major first step in financial reporting reform for NFPs
![financial reporting reform for NFPs](https://hlb.com.au/media/2022/10/financial-reporting-reform-for-NFPs-1024x221.jpg)