PKF member firms around the network understand the specialist needs of the not-for-profit (NFP) sector which includes health, education, arts, welfare, social housing, and environmental organizations as well as charities.
NFPs are often highly regulated with rigorous standards of governance as well as different accounting rules from commercial organizations. For example, in Canada, NFPs will be required to adopt a new accounting framework for year ends beginning on or after 1 January 2012 with the option of choosing a new framework based on International Financial Reporting Standards (IFRS) or the new Accounting Standards for Private Enterprises (ASPE).
Typically, PKF member firms with sector expertise provide a range of business risk services, pensions advice, trustee development, strategic planning and governance, and change management services.
They understand the unique issues from the client's perspective and are committed to helping charities and not-for-profit organizations excel at what they do best - helping others.
Below is a selection of some of the countries in which PKF International member firms have particular expertise in the not-for-profit sector: