Skip to main content

IFAC MEMBERSHIP ACROSS THE GLOBE

Membership

IFAC is comprised of over 175 Members and Associates in over 130 countries and jurisdictions*, representing almost 3 million accountants in public practice, education, government service, industry, and commerce. IFAC Members and Associates are professional accountancy organizations (PAOs) recognized by law or general consensus within their countries as substantial national organizations.
Members are required to:
Associate status is open to PAOs that do not meet all of the Member admission criteria but demonstrate evidence of compliance with additional criteria and procedures.
 

Value of Membership

IFAC Member and Associate status brings with it a great deal of value. Members and Associates:
  • Become part of the global voice of the profession;
  • Obtain access to information, resources, and support to help strengthen the profession locally, regionally, and nationally; and
  • Provide input on critical global issues and contribute to the global agenda.
In addition to the above, IFAC Members influence the operations, strategy, leadership, and membership of IFAC by voting on many different matters during all IFAC Council meetings.
 

Affiliates, Regional Organizations, and Accountancy Groupings

IFAC also has Affiliates, organizations that do not meet Associate admission criteria but are involved in the development of the accountancy profession.
IFAC works with Recognized Regional Organizations and Acknowledged Accountancy Groupings, independent bodies that support the development of the international accountancy profession, facilitate convergence to international standards, and provide leadership in addressing issues affecting the accountancy profession in their region and/or among their constituencies. Regional Organizations support IFAC Members, Associates, and the profession within a geographic region; Accountancy Groupings bring together professional accountancy organizations with specific commonalities, such as language, culture, proximity, trade, etc.

*As of November 7, 2015

Comments

Post a Comment

Popular posts from this blog

List of IFRIC Interpretations

The IFRS Foundation provides free access (through Basic registration) to the PDF files of the current year's IFRIC ®  Interpretations (Part A of the Issued Standards—the Red Book), as well as available translations of Interpretations. This section also provides high level and non-technical summaries for the Interpretations.  The full Standards with all accompanying documents are available for  Premium subscribers on eIFRS . For more information about what is provided for free and why, visit our unaccompanied Standards FAQ page . Interpretation name IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities IFRIC 2 Members’ Shares in Co-operative Entities and Similar Instruments IFRIC 4 Determining whether an Arrangement Contains a Lease IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds IFRIC 6 Liabilities arising from Participating in a S...
Post a Comment
Explore more »

Funds Listing

As a debt capital-focused securities exchange, FMDQ also provides a robust platform for the listing of Mutual and Exchange Traded Funds. Mutual Funds   are investment vehicles operated by money managers, which typically pools funds from investors for the purpose of investing the funds in securities such as stocks, bonds, and money market instruments. They are also classified according to the types of securities invested in. Fixed Income Mutual Funds, which are focused primarily on investments in government and corporate bonds; and Money Market Mutual Funds (or Money Market Funds) which are focused on investments in short-term debt securities such as treasury bills and commercial papers, are permitted for listing and trading on FMDQ, in line with the provisions of the FMDQ Bond Listing and Quotation Rules. Exchange Traded Funds (ETFs)   are marketable securities that track an index, a commodity, bond, or a basket of assets. Unlike mutual funds, ETFs are traded on an exc...
Post a Comment
Explore more »

List of IFRS Standards

The IFRS Foundation provides free access (through Basic registration) to the PDF files of the current year's consolidated IFRS ®  Standards (Part A of the Issued Standards—the Red Book), the  Conceptual Framework for Financial Reporting  and IFRS Practice Statements, as well as available translations of Standards. This section also provides high-level and non-technical summaries for the Standards. The full Standards with all accompanying documents are available for  Premium subscribers on eIFRS . For more information about what is provided for free and why, visit our  unaccompanied Standards FAQ page . Standard name Conceptual Framework for Financial Reporting IFRS 1 First-time Adoption of International Financial Reporting Standards IFRS 2 Share-based Payment IFRS 3 Business Combinations IFRS 4 Insurance Contracts IFRS 5 Non-current Assets Held for Sale and Discontinued Operations IFRS 6 Exploration for an...
Post a Comment
Explore more »