International Federation of Accountants (IFAC)
Written by True Tamplin, BSc, CEPF®
Updated on June 21, 2021
What is the International Federation of Accountants (IFAC)?
The international accounting body that is essentially a coordinating body of professional accounting organizations, and does not have the responsibility for setting international accounting standards; instead, the board objective is the development and enhancement of a coordinated worldwide accounting profession with harmonized standards.