Who We Are

With our member organizations, we serve the public interest by enhancing the relevance, reputation, and value of the global accountancy profession.

  • Strategic Plan

    We are firmly in an age of disruption. No matter what the “new normal” looks like, it will not look that way for long.

    To anticipate events—as a society and as a profession—we need to see them as the effects of simultaneous and dynamic trends. The climate crisis and digitalization are accelerating at the same time; the effects of each trend will influence the other, and in turn, shape and re-shape our lives, livelihoods, and environment. The same could be said of the COVID-19 pandemic, and the next public health emergency—and the one after that.

    Urgent challenges will continue to demand urgent responses. IFAC’s Strategic Plan for 2022 and forward rises to the occasion.


    View Strategic Plan

  • How IFAC Creates Value

    This value-creation schematic highlights all the key elements of how IFAC creates and protects value and is based on the IFAC Strategic Plan for 2021 and beyond. This diagram is comprehensive, covering all parts of IFAC’s ecosystem, and helps IFAC communicate internally and externally and explain our ecosystem.

  • Annual Review

    IFAC's annual review is a significant element of accountability to member organizations, the Forum of Firms, and other key stakeholders. It provides an overview of IFAC, including governance and stakeholder engagement, strategic objectives, value creation process, and performance highlights.

    2020 was an exceptionally difficult year by any standard. And yet, all around the world, people rose to the occasion in ways big and small to meet the challenges brought about by COVID-19. The accountancy profession responded quickly to support our public interest mandate, and the people, communities, businesses, and economies we serve. IFAC is proud to say we did the same.

    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. 

      View 2020 Integrated Annual Review View 2019 Integrated Annual Review View 2018 Annual Review View 2017 Annual Review View 2016 Annual Review View 2015 Annual Review View 2014 Annual Review View 2013 Annual Review View 2012 Annual Report View 2011 Annual Report View 2010 Annual Report View 2009 Annual Report View 2008 Annual Report
  • Corporate Carbon Footprint Reports

    IFAC and ClimatePartner have measured the Corporate Carbon Footprint for IFAC. This measurement was based on the guidelines of the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard (GHG Protocol). 

      Read 2021 Carbon Footprint Report Read 2020 Carbon Footprint Report Read 2019 Carbon Footprint Report
  • Financial Statements
  • Constitution & Bylaws

    IFAC's Constitution and Bylaws detail the responsibilities and authority of IFAC's Council, Board, and Board subcommittees. They also address IFAC’s mission, membership requirements, and the election/appointment of IFAC Officers. These documents were revised in 2013 to ensure that IFAC continues to embrace best practices and enable timely action by improving governance structure, clarifying the roles and responsibilities of IFAC in standard setting in the public interest, and ensuring IFAC continues to have broad representation from all parts of the profession. These versions of the IFAC Constitution and Bylaws were approved by the IFAC Council in February 2014, and subsequent amendments were approved by Council in 2017 and 2019.


    Download the IFAC Constitution


    Download the IFAC Bylaws

  • Founding History

    Beginning with 63 founding members from 51 countries in 1977, IFAC's membership has grown to now include 180 members and associates in 135 countries and jurisdictions worldwide.*

    IFAC was founded on October 7, 1977, in Munich, Germany, at the 11th World Congress of Accountants to strengthen the global accountancy profession in the public interest by:

    • Developing high-quality international standards in auditing and assurance, public sector accounting, ethics, and education for professional accountants and supporting their adoption and use;
    • Facilitating collaboration and cooperation among its member bodies;
    • Collaborating and cooperating with other international organizations; and
    • Serving as the international spokesperson for the accountancy profession.

    At the first meeting of the IFAC Assembly and Council in October 1977, a 12-point work program was developed to guide IFAC committees and staff through the first five years of activities. Many elements of this work program are still relevant today.

    1. Develop statements which serve as guidelines for international and auditing guidelines
    2. Establish the basic principles which should be included in the code of ethics of any member body of IFAC and to refine or elaborate on such principles as deemed appropriate
    3. Determine the requirements and develop programs or the professional education and training of accountant
    4. Collect, analyze, research, and disseminated information on the management of public accounting practices to assist practitioners in more effectively conducting their practices
    5. Evaluate, develop, and report on financial management and other management techniques and procedures
    6. Undertake other studies of value to accountants, such as a possible study on the legal liabilities of auditors
    7. Foster closer relationships with users of financial statements including preparers, trade unions, financial institutions, industry, governments, and others
    8. Maintain good relations with regional organizations and explore the potential for establishing other regional organizations, as well as assisting in their organizations and development
    9. Establish regular communications among the members of IFAC and other interested organizations, principally through an IFAC Newsletter
    10. Organize and promote the exchange of technical information, educational materials and professional publications, and other literature emanating from member bodies
    11. Organize and conduct an international congress of accountants approximately every five years
    12. Seek to expand the membership of IFAC 


    *As of November 2020

  • Founding Members

    The following 63 professional accountancy bodies were founding members of IFAC in October 1977.

    Member Body 
    ArgentinaFederacíon Argentina de Colegios de Graduados en Ciencias Económic
    AustraliaThe Institute of Chartered Accountants in Australia
     Australian Society of Accountants (now CPA Australia)
    Bangladesh The Institute of Chartered Accountants of Bangladesh
    BelgiumCollege National de Experts Comptables de Belgique (now the Institut des Experts-comptables et des Conseils fiscaux)
     Institut des Reviseurs d'Enterprises
    Brazil Instituto dos Auditores Independentes do Brasil
    CanadaCertified General Accountants Association of Canada
     The Canadian Institute of Chartered Accountants§
     The Society of Management Accountants of Canada (now CMA Canada§)
    Chinese TaiwanThe Federation of CPA Associations of Chinese Taiwan
    ColombiaInstituto Nacional de Contadores Públicos de Colombia
    CyprusThe Institute of Certified Public Accountants of Cyprus
    DenmarkForeningen af Statsautoriserede Revisorer (now FSR-danske revisorer)
    FijiFiji Institute of Accountants
    FinlandKHT-yhdistys - Föreningen CGR

    Ordre des Experts Comptables et des Comptables Agrees (now the Conseil Supérieur de l'Ordre des Experts-Comptables) 


    Institut der Wirtschaftsprüfer in Deutschland e.V.
    GhanaThe Institute of Chartered Accountants (Ghana)
    GreeceInstitute of Certified Public Accountants of Greece
    Hong Kong*

    Hong Kong Society of Accountants (now the Hong Kong Institute of Certified Public Accountants)

    IcelandFélag loggiltra Endurskoðend
    India The Institute of Chartered Accountants of India 
     The Institute of Cost and Works Accountants of India (now The Institute of Cost Accountants of India)
    IndonesiaIndonesian Institute of Accountants
    IrelandThe Institute of Certified Public Accountants in Ireland
     The Institute of Chartered Accountants in Ireland (now Chartered Accountants Ireland)
    Israel The Institute of Certified Public Accountants in Israel
    ItalyConsiglio Nazionale dei Dottori Commercialisti (now Consiglio nazionale dei Dottori commercialisti e degli Esperti contabili)
    JamaicaThe Institute of Chartered Accountants of Jamaica
    JapanThe Japanese Institute of Certified Public Accountants
    LebanonThe Middle East Society of Associated Accountants (former member of IFAC)
    LuxembourgOrdre des Experts Comptables Luxembourgeois
    Malaysia Malaysian Institute of Accountants

    The Malaysian Association of Certified Public Accountants (now the Malaysian Institute of Certified Public Accountants)

    MaltaThe Malta Institute of Accountants
    MexicoInstituto Mexicano de Contadores Publicos, A.C.
    NetherlandsNederlands Instituut van Registeraccountants (now the Nederlandse Beroepsorganisatie van Accountants)
    New Zealand 

    New Zealand Society of Accountants (now the New Zealand Institute of Chartered Accountants)


    The Institute of Chartered Accountants of Nigeria

    Norges Statsautoriserte Revisorers Forening (now Den norske Revisorforening)

    Pakistan Institute of Chartered Accountants of Pakistan
     Institute of Cost and Managements Accountants of Pakistan
    PanamaColegio de Contadores Públicos Autorizados de Panama
    ParaguayColegio de Contadores de Paraguay
    PhilippinesPhilippine Institute of Certified Public Accountants
    Rhodesia†The Rhodesia Society of Chartered Accountantsǂ

    Singapore Society of Accountants (now the Institute of Certified Public Accountants of Singapore)

    South Africa 

    The National Council of Chartered Accountants (now the South African Institute of Chartered Accountants)

    SpainInstituto de Censores Juradoes de Cuentas de España
    Sweden Foreningen Auktoriserade Revisorer (now FAR) 

    Schweizerische Treuhand-und Revisionskammer (now Treuhand-Kammer)

    Trinidad and TobagoThe Institute of Chartered Accountants of Trinidad and Tobago
    TurkeyExpert Accountants' Association of Turkey
    United Kingdom 

    The Association of Certified Accountants (now the Association of
    Chartered Certified Accountants)

     The Chartered Institute of Public Finance & Accountancy
     The Institute of Chartered Accountants in England & Wales
     The Institute of Chartered Accountants of Scotland

    The Institute of Cost and Management Accountants (now the Association of International Certified Professional Accountants—CIMA)

    United StatesAmerican Institute of Certified Public Accountants (now the Association of International Certified Professional AccountantsCIMA)

    Colegio de Doctores en Ciencias Económicas y Contadores del Uruguay (now the Colegio de Contadores, Economistas y Administradores del Uruguay)

    Venezuela Associacíon de Contadores de Venezuela (former member of IFAC)
     Federacíon de Colegio de Contadores Públicos de Venezuela (former member of IFAC)


    * Hong Kong Special Administrative Region of People's Republic of China

    † Now Zimbabwe

    ǂ Now recognized as The Institute of Chartered Accountants of Zimbabwe

    § Now recognized as Chartered Professional Accountants of Canada (CPA Canada) following a merger in 2013 between the Canadian Institute of Chartered Accountants and CMA Canada.


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