International Federation Of Accountants - IFAC


DEFINITION of 'International Federation Of Accountants - IFAC'

The worldwide organization for the accountancy profession. The International Federation of Accountants (IFAC) strives to serve the public interest by establishing and promoting adherence to international standards, facilitating cooperation with member bodies, and serving as a spokesperson for the international profession on relevant public policy issues.

BREAKING DOWN 'International Federation Of Accountants - IFAC'

IFAC's boards set international standards in a number of areas including auditing, quality control, education, public sector accounting and ethics for professional accountants.

While IFAC was founded on October 7, 1977, in Munich, its headquarters have been located in New York City since its inceptions.

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    An organization that studied the differences in accounting practices ...
  3. Financial Accounting Standards ...

    A seven-member independent board consisting of accounting professionals ...
  4. American National Standards Institute ...

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  5. International Accounting Standards ...

    An older set of standards stating how particular types of transactions ...
  6. Horizontal Line

    A line that appears to proceed from left to right, or parallel ...
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