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INTERNATIONAL FEDERATION OF ACCOUNTANTS

NEW YORK, NY · EIN 132915461 · Form 990 · FY2024 · NTEE B50P · Education · Large ($10M-$50M) · ifac.org
revenue
$45.4M
expenses
$43.3M
net assets
$19.3M
employees
61
volunteers
230
mission · from form 990

IFAC ACTS IN THE PUBLIC INTEREST AND HAS NO PROFIT-MAKING PURPOSE. IFAC SERVES THE PUBLIC INTEREST BY: SPEAKING OUT AND ENGAGING AS THE VOICE FOR THE GLOBAL PROFESSION; LEADING AND DEVELOPING A FUTURE-READY ACCOUNTANCY PROFESSION; AND CONTRIBUTING TO AND PROMOTING THE DEVELOPMENT, ADOPTION AND IMPLEMENTATION OF HIGH-QUALITY INTERNATIONAL STANDARDS.

profile · synthesized from sources

International Federation of Accountants (IFAC) is a global organization serving the public interest by strengthening the accountancy profession. It supports its member organizations through setting international standards, promoting professional integrity, and shaping the future of accounting via collaboration, innovation, and advocacy. Headquartered in New York, IFAC operates worldwide with a focus on ethical, high-quality practices.

named programs · 3 · from sources

What they call their work

Annual Business Plan
Operational plan aligned with the Strategic Plan, outlining IFAC’s annual priorities, resource allocation, and member value initiatives including learning, innovation, and advocacy
Forum of Firms
Collaborative initiative with international accounting networks and firms to promote consistent application of high-quality audit and assurance standards globally
Strategic Plan
Global roadmap guiding the accountancy profession’s development, focused on public interest, professional quality, and future readiness through collaboration among members and stakeholders
activities · 4 groups

What they do

  • Industry Advocacy and Regulatory Engagement 1 activity
    • Advocacy for global accountancy standards and policies
      Contributes to the development, adoption, and implementation of high-quality international standards in the accountancy profession through public advocacy and stakeholder engagement, including influencing policy frameworks and standard-setting bodies such as the IAASB.
  • Corporate Climate Accountability Initiatives 1 activity
    • Research and reporting on environmental sustainability
      Measures and reports its corporate carbon footprint using carbon accounting platforms and the Greenhouse Gas Protocol standards to support environmental transparency and sustainability goals.
  • Strategic Planning and Organizational Development 1 activity
    • Strategic planning and organizational leadership
      Develops and implements a global strategic plan and annual business plan to guide the accountancy profession, define organizational priorities, and allocate resources, supported by a Member Value Proposition and oversight of government affairs, policy, and brand visibility.
  • Uncategorized 1 activity
    • Capacity building for professional accountancy organizations
      Leads initiatives to strengthen the capacity of professional accountancy organizations globally through guidance, advisory groups, membership support, and programs such as the PAO Capacity Building Program and MOSAIC Steering Committee, with regional focus including Africa.
financials · form 990 · fy2024
revenue
Total revenue$45.43M
Contributions & grants$24.34M54%
Program service revenue$19.79M44%
Investment income$674K1%
Other revenue$629K
expenses
Total expenses$43.34M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$15.39M
Grants paid out$19.68M
Largest expense lineCompensation
balance sheet
Total assets$22.69M
Cash$12.85M
Investments$0
Liabilities$3.37M
Net assets$19.33M
Liquid reserves3.6 mo
5 years on record · 2020–2024 · YoY revenue +3.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 19
NameTitleHours/wkCompensation
LEE WHITE CHIEF EXECUTIVE OFFICER 40 $707K
HELEN PATRIDGE CHIEF FINANCIAL OFFICER 40 $465K
JENNIFER DICLERICO DIRECTOR, HEAD OF COMMUNICATIONS 40 $439K
STATHIS GOULD DIRECTOR, MEMBER ENGAGEMENT 40 $413K
ELAINE YOUNG DIRECTOR, HEAD OF HUMAN CAPITAL 40 $387K
DAVID MADON DIRECTOR, SUSTAINABILITY, POLICY, & REGULATORY AFF 40 $387K
CLAUDIO GIROLAMI DIRECTOR, CHIEF TECHNOLOGY OFFICER 40 $376K
BARRY NAIK DIRECTOR, FORUM OF FIRMS 35 $369K
CHRISTOPHER ARNOLD DIRECTOR 40 $368K
SCOTT HANSON DIRECTOR 40 $368K
LINDA LACH DIRECTOR 40 $346K
BRUCE VIVIAN PRINCIPAL, ACCOUNTANCY EDUCATION 40 $342K
ROSS SMITH PROGRAM & TECHNICAL DIRECT 40 $320K
LAURA LEKA PRINCIPAL -PAIB & INTEGRAT 40 $308K
COURTNEY WEAVER SENIOR MANAGER 40 $300K
DAVE WARREN DIRECTOR 40 $248K
EDWIN NG PRINCIPAL, IPSASB 40 $195K
EILEEN ZHOU PRINCIPAL 40 $190K
KEVIN DANCEY CHIEF EXECUTIVE OFFICER- FORMER 40 $181K
board members · 6
  • AHMAD ALMEGHAMES — BOARD MEMBER
  • ATUL GUPTA — BOARD MEMBER
  • CAROLINE GARDNER — BOARD MEMBER
  • CHIARA MIO — BOARD MEMBER
  • FIONA WILKINSON — BOARD MEMBER
  • FRANCISCO SANT'ANNA — BOARD MEMBER
relationships · 18

Who they work with

  • ACCA Partner — Former employer where Cecile Bonino led EU Affairs and the ACCA Brussels office prior to joining IFAC.
  • Accountancy Europe Partner — Has served as a Technical Advisor to the board of Accountancy Europe since 2019.
  • Forum of Firms Partner — Collaborates with IFAC and its members to shape the future of the accountancy profession through learning, innovation, and a collective voice.
  • Gavi Partner — Collaborates under a memorandum of understanding to strengthen public finance management in Africa.
  • IFAC Board Partner — Provides oversight and approval of membership applications and application fees.
  • IFAC Connect Partner — Global event series that convenes leaders to shape the future of accountancy, governance, and corporate success
  • IFAC Council Partner — Holds final voting authority on membership admissions.
  • IFAC Human Capital Partner — Responsible for receiving questions about anti-discrimination policies and leading investigations into sexual harassment complaints.
  • IFAC Membership Committee Partner — Provides advice and oversight during the IFAC membership admissions process.
  • International Auditing and Assurance Standards Board Partner — Advocated for development of auditing standards for smaller entities, influencing IAASB's work.
  • International Federation of Accountants Partner — Collaborates with IFAC by translating its international standards, including the IAASB and IESBA Handbooks.
  • Nordic Federation of Public Accountants Network — Ms. Agélii serves as Secretary General and CEO of NRF, representing Nordic PAOs.
  • Sustainique Global Private Limited Partner — Organization founded by Moni Bajaj that provides ESG consulting services in collaboration with IFAC initiatives.
  • Swedish Inspectorate of Auditors Government — Previously employed by the Swedish Inspectorate of Auditors, handling disciplinary and professional practice matters.
  • Swedish Institute for the Accountancy Profession Government — Served as General Counsel and Head of Division at FAR, a Swedish regulatory body for accountants.
  • UN Trade and Development Partner — Economic Affairs Officer at UNCTAD working on sustainable finance and SDG reporting
  • USAID Government — Collaborates under a memorandum of understanding to strengthen public finance management in Africa.
  • the Global Fund Partner — Collaborates under a memorandum of understanding to strengthen public finance management in Africa.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Global Professional Unification to Amplify Public Interest Advocacy
    methodology: global-professional-unification
    By uniting member organizations and acting as a unified global voice, the organization strengthens the accountancy profession and influences policy and practice in the public interest, because collective action produces greater impact than fragmented national efforts.
  • International Standards Adoption as a Mechanism for Public Interest Protection
    methodology: international-standards-promotion
    By promoting and requiring the adoption of high-quality international standards, the organization strengthens the reliability and consistency of the global accountancy profession, because standardized practices enhance transparency, accountability, and public trust.
  • Strengthening Public Financial Accountability Through Professional Capacity
    methodology: institutional-strengthening-through-accountability-structures
    By leveraging the expertise and institutional role of professional accountancy organizations, the organization improves transparency and accountability in public finance management, because technical capacity in accounting is essential for effective stewardship of public and development funds.