2024-11-11T15:00:53-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990PF 2023-01-01 920748086 INTERNATIONAL FOUNDATION FOR ETHICS AND AUDIT INTE 2122869344 529 FIFTH AVE NEW YORK NY 10017 JAMES GUNN TREASURER 2122869344 2024-11-08 1 0 PAULA VUKSIC P00360739 9732180500 2024-11-08 2023 2024-10-15 13:58:12Z X 9599287 X 18287992 6558 6558 6558 0 0 18294550 6558 6558 3324038 0 0 3064678 3686757 0 0 3263678 2064132 0 0 2163204 51015 0 0 0 67275 0 0 0 314108 0 0 252762 2154601 0 0 1839084 3801807 0 0 3285413 15463733 0 0 13868819 0 0 15463733 0 0 13868819 2830817 6558 6558 4643493 3870665 3870665 473558 473558 4725000 4725000 51731 73979 73979 141791 456085 456085 4837015 9599287 9599287 8014 1004659 4725000 248272 5908082 4981286 6912741 X -144271 2686546 -144271 2686546 4837015 9599287 -144271 2830817 0 2686546 0 2686546 91 0 91 0 91 0 0 0 0 0 0 91 0 0 0 0 0 0 0 0 0 0 1 1 DE NY 1 1 1 0 0 1 HTTPS://WWW.ETHICSANDAUDIT.ORG/ BRETT JAMES 2122869532 529 FIFTH AVE NEW YORK NY 10017 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ROBERT BUCHANAN 529 FIFTH AVE NEW YORK NY 10017 CHAIR 0.50 1275 0 0 LINDA DE BEER 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE 0.50 0 0 0 GONZALO RAMOS 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE TILL 7/17 0.50 0 0 0 MICHAEL HAFEMAN 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE TILL 7/17 0.50 850 0 0 ALAN JOHNSON 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE TILL 3/23 0.50 0 0 0 KEVIN DANCEY 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE 0.50 0 0 0 ASMAA RESMOUKI 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE 0.50 0 0 0 SANDRA PETERS 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE 0.50 0 0 0 DAVE SULLIVAN 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE 0.50 0 0 0 TOM SEIDENSTEIN 529 FIFTH AVE NEW YORK NY 10017 CO-CEO 35.00 698700 27668 0 GABRIELA FIGUEIREDO DIAS 529 FIFTH AVE NEW YORK NY 10017 CO-CEO 35.00 561602 70336 0 JAMES GUNN 529 FIFTH AVE NEW YORK NY 10017 SECRETARY/TREASURER 35.00 572475 42700 0 KEEAN SIONG SIN 529 FIFTH AVE NEW YORK NY 10017 PROGRAM AND SENIOR DIRECTOR 35.00 406000 27675 0 WILLEM BOTHA 529 FIFTH AVE NEW YORK NY 10017 PROGRAM AND TECHNICAL DIRECTOR 35.00 363000 26455 0 BRETT JAMES 529 FIFTH AVE NEW YORK NY 10017 CHIEF OF OPERATIONS 35.00 303250 23895 0 KALINA SHUKAROVA SAVOVSKA 529 FIFTH AVE NEW YORK NY 10017 PRINCIPAL 35.00 230250 20475 0 JANE HANKENSON TALATALA 529 FIFTH AVE NEW YORK NY 10017 PRINCIPAL 35.00 186636 18180 0 NONE 0 INTERNATIONAL FEDERATION OF ACCOUNTANTS 529 FIFTH AVENUE NEW YORK NY 10017 SERVICE LEVEL AGREEMENT 3587992 VELOCITY GLOBAL LLC 3858 WALNUT STREET SUITE 107 DENVER CO 80205 PROFESSIONAL EMPLOYMENT ORGANIZATION 1142945 DAN MONTGOMERY 9859 MAR LARGO CIRCLE FORT MYERS FL 33919 CONSULTING - PROGRAM ACTIVITIES 180295 0 IFEA RECOGNIZES AND SUPPORTS THE DEFENSE OF THE PUBLIC INTEREST THROUGHOUT THE ENTIRE STANDARD SETTING PROCESS IN AUDIT AND ETHICS RELATED FIELDS; AND THROUGH ITS STANDARD-SETTING BOARDS, CONDUCTS RESEARCH TO SUPPORT THE DEVELOPMENT, ADOPTION AND IMPLEMENTATION OF INTERNATIONAL STANDARDS IN THE FIELD OF AUDIT, ASSURANCE, AND ETHICS, AND EDUCATES AND INFORMS STAKEHOLDERS AND INTERESTED PARTIES REGARDING THE SAME. 13868819 0 0 5412892 0 5412892 0 0 5412892 81193 5331699 266585 X 13868819 0 13868819 2022-10-17 X 6558 0 0 0 6558 5574 0 0 0 5574 13868819 144271 0 0 14013090 0 0 0 0 0 13868819 144271 0 0 14013090 0 0 177723 161234 0 0 338957 0 0 0 0 X 0 0 14 6558 0 6558 0 6558 0 0 0 0 0 0 0 1 0 1b(6) 3587992 INTERNATIONAL FEDERATION OF ACCOUNTANTS INFRASTRUCTURE SUPPORT IN THE FORM OF HUMAN CAPITAL, OPERATIONS AND OCCUPANCY, COMMUNICATIONS, INTELLECTUAL PROPERTY AND FINANCE SERVICES. 1 INTERNATIONAL FEDERATION OF ACCOUNTANTS 501(C)(6) IN DECEMBER 2022, IFEA AND IFAC SIGNED A SERVICE LEVEL AGREEMENT (SLA) FOR IFAC TO PROVIDE INFRASTRUCTURE SUPPORT IN THE FORM OF HUMAN CAPITAL, OPERATIONS AND OCCUPANCY, COMMUNICATIONS, INTELLECTUAL PROPERTY AND FINANCE SERVICES. THE AGREEMENT COVERS THE PERIOD FROM 2023 TO 2028 AND IS AUTOMATICALLY RENEWED ON AN ANNUAL BASIS UNLESS TERMINATED. THE COSTS OF SERVICES PROVIDED UNDER THE CONTRACT ARE REIMBURSED TO IFAC FROM IFEA ON AN ACTUAL COST BASIS. THE SLA EXPENSES FOR 2023 TOTALED $3,587,992. X X 1 INTERNATIONAL FEDERATION OF ACCOUNTANTS 529 5TH AVENUE NEW YORK NY 10017 18287992 X RETURN PREPARATION AND TAX COMPLIANCE 67275 0 0 0 FORM 990-PF, PART VII, LINE 1 IFEA'S 2023 FINANCIAL STATEMENTS INCLUDES DISCLOSURE OF THE COMPENSATION OF THE KEY MANAGEMENT PERSONNEL. KEY MANAGEMENT PERSONNEL COMPRISE THE SSB CHAIRS, WHO ALSO SERVE AS CO-CHIEF EXECUTIVE OFFICERS OF IFEA ("SSB CHAIRS-CO-CEOS"), THE MANAGING DIRECTOR OF IFEA, WHO ALSO SERVES AS SECRETARY AND TREASURER OF IFEA, AND OTHER EXECUTIVES OCCUPYING KEY POSITIONS IN FULFILLING THE STANDARDS-SETTING MANDATE OF IFEA. UNDER IFEA'S BYLAWS, THE SSB CHAIRS-CO-CEOS REPORT PRIMARILY TO THE PIOB IN RESPECT OF THE EXECUTION OF THEIR SSB STRATEGIES AND WORK PLANS, AND THE USE OF RESOURCES IN EXECUTING THOSE PLANS. THE SSB CHAIRS-CO-CEOS REPORT TO BOTH THE PIOB AND THE IFEA TRUSTEES ON THEIR OVERALL MANAGEMENT AND OPERATION OF IFEA. THE PIOB IS RESPONSIBLE FOR RECOMMENDING THE COMPENSATION OF THE SSB CHAIRS-CO-CEOS TO THE IFEA TRUSTEES FOR APPROVAL. THE SSB CHAIRS-CO-CEOS COMPENSATION HAS BEEN DETERMINED BASED ON THEIR DUAL ROLES, RELEVANT FACTORS OF EACH BOARD, AND THE FULL-COST OF EMPLOYMENT IN THEIR COUNTRY OF RESIDENCE. THE FULL COST OF EMPLOYMENT TO IFEA IS USED AS THE SSB CHAIRS-CO-CEOS ARE BASED IN DIFFERENT COUNTRIES THAT HAVE DIFFERING REGIMES FOR EMPLOYMENT RELATIONSHIPS AND BENEFITS, SUCH AS MEDICAL AND PENSION ARRANGEMENTS AND LOCAL EMPLOYMENT TAXES NORMALLY BORNE BY THE EMPLOYER. THE PIOB AND IFEA TRUSTEES REVIEW THESE COMPENSATION ARRANGEMENTS ANNUALLY AND UPON RE-APPOINTMENT OF THE SSB CHAIRS-CO-CEOS.THE SSB CHAIRS-CO-CEOS DETERMINE THE COMPENSATION OF ALL OTHER KEY MANAGEMENT PERSONNEL.IFEA USES A TOTAL COST OF EMPLOYMENT APPROACH IN SETTING COMPENSATION, WHICH WERE AS FOLLOWS FOR THE SSB CHAIRS-CO-CEOS AND OTHER KEY MANAGEMENT PERSONNEL:TOM SEIDENSTEIN^: $801,691, GABRIELA FIGUEIREDO DIAS*: $732,974, JAMES GUNN^: $692,167, KEEN SIONG SIN^: $508,164, WILLEM BOTHA^: $462,522, BRETT JAMES^: $398,948.* ACCORDING TO PORTUGUESE LAW, IFEA IS LEGALLY REQUIRED TO PAY 23.75% IN ADDITION TO SALARY FOR PUBLIC SOCIAL SECURITY CONTRIBUTIONS FOR MS. DIAS, COVERING MANDATORY PUBLIC HEALTH AND PENSION SYSTEMS. ^ ACCORDING TO US FEDERAL AND STATE LAWS, IFEA IS REQUIRED TO PAY VARIOUS SOCIAL SECURITY AND EMPLOYMENT RELATED TAXES FOR US-BASED PERSONNEL. IFEA ALSO MAKES PAYMENTS FOR HEALTH INSURANCE. GENERAL GOVERNANCE AND COUNSEL 51015 0 0 0 DUE FROM IFAC 344068 344068 ADVANCES AND DEPOSITS 141791 112017 112017 OFFICE EXPENSE 42209 0 0 0 SERVICE LEVEL AGREEMENT COSTS 3587992 0 0 3268937 FOREIGN EXCHANGE LOSS 16476 0 0 16476 OTHER COST 155130 0 0 0 PAYABLE TO THE INTERNATIONAL FEDERATION OF ACCOUNTANTS (IFAC) 248272 5908082 PROJECT CONSULTING 252762 0 0 252762 OTHER PROFESSIONAL FEES 61346 0 0 0 INTERNATIONAL FEDERATION OF ACCOUNTANTS 529 FIFTH AVE NEW YORK NY 10017