International Federation of Accountants (IFAC)

The International Federation of Accountants (IFAC) is a global organization that represents professional accountants and aims to promote high-quality accounting practices worldwide. Established in 1977, it sets international standards for auditing, ethics, and education in the accounting profession. IFAC works to enhance the credibility and transparency of financial reporting, which helps businesses, governments, and individuals make informed decisions. By advocating for common practices and supporting accountants across different countries, IFAC plays a crucial role in fostering trust in financial systems, promoting good governance, and ensuring sustainable economic growth globally.