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What does IFAC stand for?

IFAC stands for International Federation of Accountants

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Organizations, NGOs, schools, universities, etc.
  • Business, finance, etc.

See other definitions of IFAC

Other Resources:
We have 52 other meanings of IFAC in our Acronym Attic

Samples in periodicals archive:

29, 2006, the International Ethics Standards Board for Accountants, an independent standard-setting board within the International Federation of Accountants, released an exposure draft containing significant revisions to the independence standards of the IFAC Code of Ethics for Professional Accountants (the IFAC Code).
Stavros Thomadakis, chairman of the Public Interest Oversight Board, at an International Federation of Accountants board meeting in New York, July 29.
A recent study commissioned by the Board of the International Federation of Accountants identifies the following challenges, among others, to adopting and implementing International Financial Reporting Standards and International Standards on Auditing: * Developing standards that are capable of translation and establishing processes that facilitate high quality translations of the standard to effectively accommodate non-native English speakers; * Frequency, volume and complexity of changes to the standards; and * Challenges for small and medium-sized entities and accounting firms; For more, visit www.
Changes to the standard on audit reports requiring auditors to clearly state the financial reporting framework being used to prepare the financial statements have been proposed by the International Federation of Accountants.
Herz's other activities, he chaired the AICPA SEC Regulations Committee and the Transnational Auditors Committee of the International Federation of Accountants, and served as a member of the Emerging Issues Task Force, the FASB Financial Instruments Task Force, the American Accounting Association's Financial Accounting Standards Committee, the SEC Practice Section Executive Committee of the AICPA, and the International Capital Markets Advisory Committee of the New York Stock Exchange.
The GAA's focus is to work with key regulators as they address international issues and jointly develop positions for more effective advocacy to the International Federation of Accountants.