THIS STUDY EXAMINES THE CHALLENGES AND NEEDS FACED BY NON-PROFIT ORGANISATIONS (NPOS) IN COLOMBIA REGARDING THE ADOPTING OF THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) FOR SMALL AND MEDIUM ENTERPRISES (SMES), PARTICULARLY FOCUSING ON SECTIONS 3 AND 4. EMPLOYING A MIXED-METHOD APPROACH, THE RESEARCH COMBINES QUALITATIVE AND QUANTITATIVE METHODS. SURVEYS WERE CONDUCTED WITH COLOMBIA NPOS, OFFICIAL DOCUMENTS WERE ANALYSED, AND COMPARATIVE CASE STUDIES WERE PERFORMED. IN-DEPTH INTERVIEWS AND PARTICIPANT OBSERVATION WERE ALSO UTILISED TO GAIN A COMPREHENSIVE UNDERSTANDING OF THE OBSTACLES AND CURRENT PRACTICES WITHIN THE COLOMBIAN CONTEXT. THE FINDINGS REVEAL THAT NPOS IN COLOMBIA ENCOUNTER SIGNIFICANT DIFFICULTIES IN ADOPTING IFRS DUE TO THE COMPLEXITY OF THE STANDARDS, LACK OF SPECIALISED RESOURCES, AND THE NEED FOR SPECIFIC TRAINING. INTERNAL CHALLENGES SUCH AS DEFICIENCIES IN S...