Becoming A Member
IFAC welcomes membership applications from professional accountancy organizations that support IFAC's mission and programs.
The IFAC Criteria and Process for Membership outlines:
- Criteria for members, associates, and affiliates
- Rights and responsibilities
- IFAC dues
- The application process and timetable
- Requirements and role of the nominating IFAC member
- The application documents
The IFAC Compliance function, with oversight from the Compliance Advisory Panel (CAP), has the authority and responsibility for determining the criteria for, and procedures by which, organizations will be admitted into membership of IFAC.
Applicants for membership or associate status must submit the following by January 1 for consideration by the IFAC Council in November of that year:
- Application for IFAC Membership—information about the applicant's history, legal status, operation and governance structure, and interest in becoming an IFAC member
- Assessment of the Regulatory and Standard-Setting Framework Questionnaire and SMO Self-Assessment Questionnaire—Parts 1 and 2 of the Member Body Compliance Program—these questionnaires collect information about regulatory requirements, standard-setting frameworks, and compliance with the Statements of Membership Obligations (SMOs).
- Declaration of Intent—indicating the applicant’s intent to meet the requirements of IFAC membership
- Membership Statistics Form—information about the applicant’s membership size and the sector(s) in which it operates
- The membership application fee
Applicants must be supported by a nomination from an existing IFAC member. Nominations must include an Attestation of Support and a Report on the Applicant that provides an overview of the nominating member’s knowledge of the applicant and its ability to meet the IFAC membership requirements.
It is also recommended that applicants use Action Plans as a roadmap to IFAC membership and as a communication tool with national and international stakeholders.