VISION FOR THE PROFESSION

BUILD TRUST. Essential to Strong, Sustainable Organizations, Financial Markets, and Economies
INSPIRE CONFIDENCE.
IFAC PURPOSE
IFAC, with its Member Organizations, Serves the Public Interest by Enhancing the

HOW IFAC Relevance, Reputation, and Value of the Global Accountancy Profession
VALUES
CREATES VALUE Integrity. Innovation. Transparency. Collaboration.

IFAC GOVERNANCE STANDARD-SETTING GOVERNANCE

Council
Monitoring Group Oversight
Consultation
/Advice Oversight
Board Nominating
Committee Public Interest Public Interest
Oversight Board Committee
Committees
Audit
Standard-Setting Boards & CAGs Standard-Setting Board
Governance & CAG
International Audit and Assurance Standards Board
Human Resources and Compensation International Public
International Ethics Standards Board for Accountants
Membership Sector Accounting
Planning and Finance Standards Board

Operational and
IFAC STRATEGIC OBJECTIVES Funding Support for
Contributing to and Promoting the Development, Adoption, Preparing a Future- Speaking out as the Voice Standard Setting
and Implementation of High-Quality International Standards Ready Profession for the Global Profession
SHARED RESOURCES
AND INPUTS
IFAC RESOURCES AND INPUTS IFAC Staff and Infrastructure
Staff Support

Knowledge Group, Management Advisory Team, Quality & Development Communications HR

Finance IP
Key Stakeholders Advisory Groups
Governance Operations
Member Organizations Annual CE Forum Public Policy & Regulation
Forum of Firms Intl Panel on Accountancy Education Small and Medium Practices Funding
IFAC Network Partners Professional Accountants in Business Technology Membership Dues
Standard-Setting Boards PAO Development Transnational Auditors Forum of Firms
Grants and Other Income

IFAC COMPARATIVE IFAC KEY ACTIVITIES KEY OUTCOMES

ADVANTAGES IFAC PERFORMANCE PRIORITY
Natural Facilitator Promoting & Monitoring Global Adoption Improved Stakeholder Satisfaction
of Standards
Strong and sustainable Enhanced recognition of and
Trusted Intermediary
Standards Implementation Support professional accountancy confidence in professional
Global Knowledge organizations developing accountants, and their
Sharing Platform Accountancy Capacity Building and enhancing the quality of relevance, reputation, and value
professional accountants Enhanced awareness of and
Accountancy Education
Influential Voice A global exchange of dialogue on public interest and
Thought Leadership knowledge and ideas professional issues among key
Progress achieving the UN’s constituencies
Policy and Advocacy
Sustainable Development Goals Reliable, comparable and timely
Effective policy and regulatory organizational reporting
decisions aligning the profession Confidence in high-quality
IFAC STRATEGIC ACTIONS with the needs of the public international standards that are
Effective decision making adopted and implemented
As set out in pages 10–12 of the IFAC Strategic Plan 2019-2020 across the globe

REPORTING KPIs: Defining Success - IFAC Board | Value to members and stakeholders - Integrated Annual Review