2021 IFAC Integrated Annual Review

IFAC's annual review is a key element of our accountability to stakeholders and includes an overview of IFAC’s value creation model, our strategic objectives and performance highlights, and our governance processes. It draws on integrated reporting principles and concepts as set out in the International Integrated Reporting <IR> Framework.

Additionally, the introduction of IFAC’s IMPACT approach, the development of a methodology for measurement and reduction of our carbon footprint, and an enhanced discussion on stakeholder engagement were key priorities that began in 2021 and represent new elements of our annual review.

IFAC’s Board has reviewed this report, which is accompanied by our Financial Statements for the year ended December 31, 2021.

We thank IFAC’s many stakeholders for the collaborative relationships that contributed to the successes described in this report, especially our member organizations, the Forum of Firms, and Network Partners, as well as our Board, volunteers, and staff.