Who We Are
Transnational Auditors Committee
Established May 2000
The IFAC Transnational Auditors Committee (TAC) serves as the official link between IFAC and the Forum of Firms (FoF, Forum). It is broadly responsible for implementing and advancing the Forum's objectives and operations. It also plays a major role in encouraging Forum members to conduct high-quality international audits by requiring the commitment to comply with certain international standards as a condition of membership.
The TAC also supports audit quality by:
- Identifying audit practice issues and making suggested recommendations to the appropriate standard-setting boards to review these issues as needed;
- Providing a forum to discuss best practices in areas including quality management, auditing, independence, and training and continuing professional development;
- Facilitating interaction among transnational firms, international regulators, financial institutions, and other stakeholders with regard to audit quality, systems of quality management, and transparency of international networks; and
- Identifying qualified candidates to nominate to serve on the international standard-setting boards.
Key Contacts
- Samuel Burke, Chair
- Barry Naik, Director, Forum of Firms
Forum of Firms
The Forum of Firms is an independent association of international networks of firms that perform transnational audits. The Forum's objective is to promote consistent and high-quality standards of financial reporting and auditing practices worldwide—bringing together firms that perform transnational audits and involving them more closely with IFAC’s activities in audit and other assurance-related areas. Forum members must demonstrate their commitment to adhere to and promote the consistent application of high-quality audit practices worldwide, as detailed in the Forum's Constitution, operating procedures, and governance arrangements.
Key Contacts
- David Isherwood, Chair
- Barry Naik, Director, Forum of Firms
