Date Added: Jul 2010
This paper examines and compares the different regulatory systems and processes that five jurisdictions adopt to develop not-for-profit accounting regimes. The paper draws upon publicly available archival data, using the analytical construct of regulatory space. Internationally, the not-for-profit regulatory space is rapidly changing. Challenges such as the adoption of IFRS highlight existing not-for-profit financial reporting challenges. A regulatory space framework enables the assessment of unique national regulatory regimes. The tracking of ongoing developments could yield useful insights. This international analysis provides empirical data to guide policy makers at a time of rapid change in the not-for-profit regulatory environment.