The International Federation of Accountants (IFAC), the International Organization of Supreme Audit Institutions (INTOSAI), and the INTOSAI Development Initiative (IDI) have signed a Memorandum of Understanding (MoU) at the XXV INCOSAI meeting in Sharm El Sheikh, Egypt.
The MoU formalizes collaboration between the three organizations to enhance the quality of public sector auditing and strengthen transparency and accountability in government activities—fostering good governance and promoting the economy, effectiveness, and efficiency of government programs for the benefit of all.
The agreement underscores a shared commitment to strengthen public financial management, promote high-quality international standards, and build capacity within Supreme Audit Institutions (SAIs) and the broader accountability profession.
Under the MoU, IFAC, INTOSAI, and IDI endeavor to :
- Collaborate on issues of mutual interest to promote sound public financial management, support each other’s efforts to promote the adoption and implementation of their standards, and foster partnerships between INTOSAI and IFAC members to strengthen public sector accountancy and audit capacity;
- Exchange relevant knowledge, experience, and best practices;
- Explore opportunities to convene or contribute to joint events, forums, and dialogues to advance shared objectives and engage stakeholders;
- Cooperate in engagements with donors and development partners to leverage synergies in capacity-building projects that support all three parties’ objectives; and
- Promote relevant initiatives and publications.
This partnership builds on a long history of cooperation between the global accountancy profession and the public sector audit community, recognizing their complementary roles in advancing integrity, trust, and effective governance.
Lee White, Chief Executive Officer, IFAC said: “This MoU is a milestone in our ongoing collaboration with INTOSAI and IDI. Public sector accountability is fundamental to trust in government and citizens’ confidence in how public resources are managed. Together, we are reinforcing the bridge between the accountancy profession and Supreme Audit Institutions to strengthen integrity, transparency, and the quality of public sector reporting and assurance globally.”
Dr Margit Kraker, Secretary General, INTOSAI said: "INTOSAI welcomes this strengthened collaboration with IFAC and IDI. This agreement is a reflection of our mutual confidence and our conviction that collaboration is central to lasting progress. By pooling our knowledge, experience, and resources, we are laying a strong foundation for sustainable and impactful results. Let us approach this partnership with commitment and confidence — for the benefit of our institutions, our partners, and ultimately, the citizens we serve."
Einar Gørrissen, Director General, IDI said: “As an INTOSAI body, the IDI is pleased to formalize this partnership with IFAC. Our collaboration is rooted in a shared commitment to support independent, professional, and credible Supreme Audit Institutions ensuring trust in public institutions. We look forward to working together for capacity development, standard-setting support, and advocacy, for contributing to stronger, more resilient institutions that are essential for better societies and improved lives.”
About IFAC
IFAC, by connecting and uniting its members, makes the accountancy profession truly global.
IFAC member organizations are champions of integrity and professional quality, and proudly carry their membership as a badge of international recognition.
IFAC and its members work together to shape the future of the profession through learning, innovation, a collective voice, and commitment to the public interest.