Six Accountancy Groupings are acknowledged by IFAC. These groupings support the objectives and pronouncements of IFAC and support the advancement of the accountancy profession within their constituencies. A policy statement sets out the criteria for an accountancy grouping to be acknowledged by IFAC and the obligations for that organization.
IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
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GroupingsAssociation of Accountancy Bodies of West Africa (ABWA)Fédération des Experts-Comptables Méditerranéens (FCM)Fédération Internationale des Experts Comptables et Commissaires aux Comptes Francophones (FIDEF)Gulf Cooperation Council Accounting and Auditing Organization (GCCAAO)Institute of Chartered Accountants of the Caribbean (ICAC)