Skip to main content

2014 Financial Statements

| 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).

Copyright © 2024 The International Federation of Accountants (IFAC). All rights reserved.