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Structure & Governance

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IFAC's structure and governance are designed to promote transparency, to facilitate collaboration with members and consultation with stakeholders, and to ensure the effective operations of the organization. Founded in 1977, IFAC is a Swiss-registered association whose members are professional accountancy organizations.

Council

Ultimate governance of IFAC rests with the IFAC Council, which comprises one representative from each member. The Council meets once a year and is responsible for deciding constitutional and strategic matters and electing the Board. The next Council meeting is scheduled for November 14-15, 2012. 

Operations

Overall direction and administration is provided by the IFAC Secretariat headquartered in New York. IFAC is staffed by accounting professionals from around the world. For an update on IFAC's operations and activities, view its most recent annual report.

Additional Information

  • Leadership
    View a listing of IFAC officers and senior management. 

  • Board
    IFAC's Board is comprised of members from around the globe. View a complete listing of Board members, their biographies and photographs. 

  • PIOB
    Provides oversight to insure that IFAC's public interest activities are properly responsive to the public interest.

  • Nominating Committee
    The IFAC Nominating Committee makes recommendations regarding the composition of IFAC boards and committees.

  • Constitution
    IFAC's Constitution and Bylaws, approved in November 2010, details the responsibilities of IFAC's Council, Board, and committees.

  • IFAC Reforms
    The objective of the reforms will lead to the establishment of high-quality standards and practices in auditing and assurance.