The International Federation of Accountants (IFAC) is a prominent global organisation dedicated to advancing the accounting profession and contributing to the stability of the international financial system. Founded in 1977, IFAC serves as the global voice for the accountancy profession and facilitates collaboration among its member organisations worldwide.

IFAC’s primary focus is on developing and promoting international standards for accounting, auditing, ethics, and education. It aims to enhance the quality and consistency of financial reporting, auditing practices, and ethical conduct within the global accounting community. By setting and advocating for high-quality standards, IFAC seeks to strengthen the credibility and reliability of financial information, fostering transparency and accountability in financial reporting.

IFAC operates through a network of member organisations, representing over 175 countries and jurisdictions. These member organisations include professional accountancy bodies, regulatory bodies, and other stakeholders committed to advancing the accounting profession. The structure of IFAC involves various boards and committees responsible for specific areas such as auditing, ethics, education, and public sector accounting.

While IFAC’s core focus is on accounting standards and professional practices, its work indirectly contributes to sustainable finance. Transparent and reliable financial information is essential for investors, regulators, and other stakeholders to make informed decisions, including those related to sustainable and responsible investment. IFAC’s commitment to high-quality standards aligns with the broader global effort to integrate environmental, social, and governance (ESG) considerations into financial reporting and decision-making processes.

IFAC provides valuable resources, including publications, research, and tools, aimed at supporting the accounting profession. These resources cover a wide range of topics, from technical guidance on auditing and financial reporting to thought leadership on emerging trends and challenges in the profession. Professionals, academics, and policymakers can benefit from IFAC’s contributions to the development and dissemination of best practices in accounting and related fields.