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2014 Financial Statements

Mar 17, 2015 | Annual Reports and Plans

IFAC's Financial Statements are prepared in accordance with International Public Sector Accounting Standards®(IPSASs®) and include an independent auditor’s report. Notable in the 2014 Financial Statements is a substantial surplus. This surplus is mainly due to new member organization dues; a relentless focus on cost avoidance, recovery, and saving; unplanned staff vacancies, which had a positive effect on travel, meeting, and other project-related costs; and greater diversification in funding for the Public Interest Oversight Board (PIOB).

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