What Is the International Federation Of Accountants (IFAC)

The International Federation of Accountants (IFAC) is a global organization representing the accounting profession. IFAC establishes and promotes international standards, and speaks for the profession on public policy issues.

Understanding International Federation Of Accountants (IFAC)

The IFAC consists of more than 175 member organizations and affiliates, representing more than 130 countries. These organizations represent approximately 3 million accountants worldwide. Members include organizations such as the American Institute of Certified Public Accountants and the Institute of Management Accountants.

IFAC's boards set international standards in a number of areas, including auditing, quality control, education, public sector accounting and ethics for professional accountants. IFAC was founded in 1977 in Munich, Germany. Today, it is based in New York City.