2024-11-14T08:24:38-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990 2023-01-01 132915461 INTERNATIONAL FEDERATION OF ACCOUNTANTS INTE 2122869344 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 HELEN PARTRIDGE DIRECTOR 2122869344 2024-11-12 1 1 PAULA VUKSIC P00360739 9732180500 2024-11-12 2023 2024-10-15 13:58:12Z KEVIN DANCEY 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 43779194 0 X WWW.IFAC.ORG X 1977 SZ IFAC ACTS IN THE PUBLIC INTEREST AND HAS NO PROFIT-MAKING PURPOSE. IFAC SERVES THE PUBLIC INTEREST BY: SPEAKING OUT AND ENGAGING AS THE VOICE FOR THE GLOBAL PROFESSION; LEADING AND DEVELOPING A FUTURE-READY ACCOUNTANCY PROFESSION; AND CONTRIBUTING TO AND PROMOTING THE DEVELOPMENT, ADOPTION AND IMPLEMENTATION OF HIGH-QUALITY INTERNATIONAL STANDARDS. 23 23 63 216 0 0 34037653 42576645 0 0 3910 139369 645376 1036056 34686939 43752070 0 19321260 0 0 21209977 15524109 0 0 0 12238086 9092678 33448063 43938047 1238876 -185977 23950992 27253304 6530766 10019055 17420226 17234249 X IFAC ACTS IN THE PUBLIC INTEREST AND HAS NO PROFIT-MAKING PURPOSE. IFAC SERVES THE PUBLIC INTEREST BY: SPEAKING OUT AND ENGAGING AS THE VOICE FOR THE GLOBAL PROFESSION; LEADING AND DEVELOPING A FUTURE-READY ACCOUNTANCY PROFESSION; AND CONTRIBUTING TO AND PROMOTING THE DEVELOPMENT, ADOPTION AND IMPLEMENTATION OF HIGH-QUALITY INTERNATIONAL STANDARDS. 0 0 IFAC IS THE GLOBAL ORGANIZATION FOR THE ACCOUNTANCY PROFESSION DEDICATED TO SERVING THE PUBLIC INTEREST BY STRENGTHENING THE PROFESSION AND CONTRIBUTING TO THE DEVELOPMENT OF STRONG INTERNATIONAL ECONOMIES. IFAC IS COMPRISED OF MORE THAN 180 MEMBERS AND ASSOCIATES IN MORE THAN 135 JURISDICTIONS, REPRESENTING MORE THAN 3 MILLION ACCOUNTANTS IN PUBLIC PRACTICE, EDUCATION, GOVERNMENT SERVICE, INDUSTRY, AND COMMERCE. IFAC CONTRIBUTES TO AND SUPPORTS THE DEVELOPMENT, ADOPTION, AND IMPLEMENTATION OF HIGH-QUALITY INTERNATIONAL STANDARDS, LEADS AND DEVELOPS A FUTURE-READY ACCOUNTANCY PROFESSION, AND SPEAKS OUT AND ENGAGES AS THE VOICE FOR THE GLOBAL ACCOUNTING PROFESSION. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 39 0 1 63 1 0 1 CA UK 0 0 0 0 0 0 X 23 23 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2122869344 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 ASMAA RESMOUKI PRESIDENT 16.00 X X 0 0 0 JEAN BOUQUOT DEPUTY PRESIDENT 2.00 X X 0 0 0 YEONG KYUN AHN BOARD MEMBER 2.00 X 0 0 0 GREGORY ANTON BOARD MEMBER 2.00 X 0 0 0 TASHIA BATSTONE BOARD MEMBER 2.00 X 0 0 0 KATHRYN BYRNE BOARD MEMBER 2.00 X 0 0 0 JOAN CURRY BOARD MEMBER 2.00 X 0 0 0 CAROLINE GARDNER BOARD MEMBER 2.00 X 0 0 0 ATUL GUPTA BOARD MEMBER 2.00 X 0 0 0 KOHEI KAN BOARD MEMBER 2.00 X 0 0 0 CHIARA MIO BOARD MEMBER 2.00 X 0 0 0 WINNIE IMINZA NYAMUTE BOARD MEMBER 2.00 X 0 0 0 LISA PADMORE BOARD MEMBER 2.00 X 0 0 0 MARGRET PETURSDOTTIR BOARD MEMBER 2.00 X 0 0 0 JEANINE POGGIOLINI BOARD MEMBER 2.00 X 0 0 0 TARYN RULTON BOARD MEMBER 2.00 X 0 0 0 FRANCISCO SANT'ANNA BOARD MEMBER 2.00 X 0 0 0 YACOOB SUTTAR BOARD MEMBER 2.00 X 0 0 0 JIANHUA TANG BOARD MEMBER 2.00 X 0 0 0 AYSE ARIAK TUNABOYLU BOARD MEMBER 2.00 X 0 0 0 SIDHARTA UTAMA BOARD MEMBER 2.00 X 0 0 0 FIONA WILKINSON BOARD MEMBER 2.00 X 0 0 0 ISMAILA MUHAMMADU ZAKARI BOARD MEMBER 2.00 X 0 0 0 KEVIN DANCEY CHIEF EXECUTIVE OFFICER 40.00 X 909019 0 82081 RUSSELL GUTHRIE CHIEF FINANCIAL OFFICER 40.00 X 501136 0 72735 HELEN PATRIDGE CHIEF FINANCIAL OFFICER 40.00 X 332284 0 81513 STATHIS GOULD DIRECTOR, MEMBER ENGAGEMENT 40.00 X 335284 0 80128 JENNIFER DICLERICO DIRECTOR, HEAD OF COMMUNICATIONS 40.00 X 332922 0 80762 LINDA LACH DIRECTOR 40.00 X 268518 0 62376 BARRY NAIK DIRECTOR, FORUM OF FIRMS 35.00 5.00 X 285864 0 62397 CHRISTOPHER ARNOLD DIRECTOR 40.00 X 287372 0 43962 ELAINE YOUNG DIRECTOR, HEAD OF HUMAN CAPITAL 40.00 X 286042 0 79420 CLAUDIO GIROLAMI DIRECTOR, CHIEF TECHNOLOGY OFFICER 40.00 X 287992 0 49814 DAVID MADON DIRECTOR, SUSTAINABILITY, POLICY, & REGULATORY AFF 40.00 X 287255 0 78763 SCOTT HANSON DIRECTOR 40.00 X 286526 0 61522 ROSS SMITH PROGRAM & TECHNICAL DIRECT 40.00 X 246849 0 23566 DAVE WARREN DIRECTOR 40.00 X 193148 0 21638 LAURA LEKA PRINCIPAL -PAIB & INTEGRAT 40.00 X 242238 0 72896 JOAO FONSECA PRINCIPAL, IPSASB 40.00 X 158879 0 19897 EDWIN NG PRINCIPAL, IPSASB 40.00 X 166768 0 15504 YE XIAO ZHOU PRINCIPAL, IPSASB 40.00 X 151325 0 18980 BRUCE VIVIAN PRINCIPAL, ACCOUNTANCY EDUCATION 40.00 X 241523 0 76417 5800944 0 1084371 45 0 1 0 VELOCITY GLOBAL LLC 3858 WALNUT STREET SUITE 107 DENVER CA 80205 PR PROFESSIONAL SERVICES 937454 IAN CARRUTHERS 15A THE TERRACE LONDON UK SW13 ONP IPSASB CHAIR 258982 FINN PARTNERS INC 301 E 57TH STREET NEW YORK NY 10022 WEBSITE BUILDOUT 188899 FFW LLC 101 CRAWFORD CORNER ROAD HOLMDEL NJ 07733 WEBSITE SERVICES 130495 4 19332500 21997857 350000 896288 42576645 166279 166279 372216 372216 26910 -26910 -26910 -26910 214 -214 -214 FOREIGN EXCHANGE GAIN & OTHER 900099 625954 625954 MEMBERSHIP APPLICATION FEE 900099 38100 38100 664054 43752070 -214 0 1175639 18287992 1033268 5703568 6495028 542701 2305316 477496 211073 159150 1226872 28582 66708 1233618 1327060 1139705 830984 646038 145125 COMMUNICATIONS AND PUBL 672312 FOREIGN EXCHANGE LOSS 309002 BAD DEBTS 240400 PROFESSIONAL DEVELOPMEN 197983 658066 43938047 15200262 17712476 138600 149239 1273503 449802 5344604 4547333 1108865 797271 517517 1138239 5712245 7006277 23950992 27253304 2424433 2046012 5066042 567332 447845 3539001 2459156 6530766 10019055 X 17420226 17234249 0 0 0 0 17420226 17234249 23950992 27253304 -185977 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 2961303 2394572 566731 1609747 1380793 228954 773554 771968 1586 797271 ADVANCES / DEPOSITS 401210 FORUM OF FIRMS RECEIVABLES 294280 MISCELLANEOUS RECEIVABLES 52705 RECEIVABLE - FOUNDATION 5908082 RECEIVABLE - EMPLOYEE RETENTION CREDIT 350000 7006277 EMPLOYEE ENTITLEMENTS 1147691 PENSION NOTE PAYABLE 1311465 2459156 43513765 214 214 43513551 238519 238519 43752070 43699742 214 214 43699528 238519 238519 43938047 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES ADJUSTMENT 214. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOREIGN EXCHANGE GAIN 265,429. LOSS ON SALE OF FA -26,910. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES ADJUSTMENT 214. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOREIGN EXCHANGE GAIN 265,429. LOSS ON SALE OF FA -26,910. 1 EUROPE 1 1 PROGRAM SERVICES DRAFTING, ACCOUNTING, LITERATURE 410963 NORTH AMERICA 1 10 PROGRAM SERVICES DRAFTING, ACCOUNTING, LITERATURE 1936786 EUROPE 1 1 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1033268 3 12 0 0 3 12 3381017 0 3381017 EUROPE (INCLUDING ICELAND & GREENLAND) FUNDING FOR OPERATIONS 1033268 WIRE 0 1 0 0 0 0 0 0 PART I, LINE 2: AS PART OF IFAC'S AGREEMENT WITH THE MONITORING GROUP (MG), IFAC HAS PROVIDED FUNDING FOR THE OPERATIONS OF THE PIOB SINCE ITS ESTABLISHMENT IN 2005. INITIALLY, IFAC AGREED TO GUARANTEE FUNDING FOR A FIVE YEAR PERIOD STARTING IN FEBRUARY 2005. DURING 2007, IFAC AGREED TO GUARANTEE FUNDING FOR A FURTHER FIVE-YEAR PERIOD, STARTING MARCH 2010. THROUGH SUBSEQUENT RENEWALS AND EXTENSIONS (THE LAST ONE BEING IN MARCH 2020) THE FUNDING GUARANTEE HAS BEEN EXTENDED UNTIL MARCH 2022. THIS LAST FUNDING GUARANTEE REMAINS IN PLACE. PART I, LINE 3: THE ACCRUAL METHOD WAS USED TO REPORT THE AMOUNTS IN PART I. 1 INTERNATIONAL FOUNDATION FOR ETHICS AND AUDIT 529 FIFTH AVE NEW YORK NY 10017 920748086 501(C)(3) 18287992 0 GENERAL SUPPORT OF THE ORGANIZATION UNTIL A DIVERSIFIED FUNDING MODEL HAS BEEN DEVELOPED AND IMPLEMENTED. 1 0 PART I, LINE 2: THE ORGANIZATION MADE A GRANT TO A RELATED ORGANIZATION. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS WILL ALLOW FOR MONITORING THE USE OF FUNDS. 1 X X X X X 0 0 0 KEVIN DANCEY CHIEF EXECUTIVE OFFICER 731124 0 177895 0 0 0 42700 0 39381 0 991100 0 0 0 RUSSELL GUTHRIE CHIEF FINANCIAL OFFICER 376161 0 124975 0 0 0 34400 0 38335 0 573871 0 0 0 STATHIS GOULD DIRECTOR, MEMBER ENGAGEMENT 296284 0 39000 0 0 0 24075 0 56053 0 415412 0 0 0 HELEN PATRIDGE CHIEF FINANCIAL OFFICER 296284 0 36000 0 0 0 25415 0 56098 0 413797 0 0 0 JENNIFER DICLERICO DIRECTOR, HEAD OF COMMUNICATIONS 290922 0 42000 0 0 0 24505 0 56257 0 413684 0 0 0 DAVID MADON DIRECTOR, SUSTAINABILITY, POLICY, & 251255 0 36000 0 0 0 22875 0 55888 0 366018 0 0 0 ELAINE YOUNG DIRECTOR, HEAD OF HUMAN CAPITAL 253042 0 33000 0 0 0 22875 0 56545 0 365462 0 0 0 BARRY NAIK DIRECTOR, FORUM OF FIRMS 250864 0 35000 0 0 0 22875 0 39522 0 348261 0 0 0 SCOTT HANSON DIRECTOR 250526 0 36000 0 0 0 22000 0 39522 0 348048 0 0 0 CLAUDIO GIROLAMI DIRECTOR, CHIEF TECHNOLOGY OFFICER 249992 0 38000 0 0 0 23775 0 26039 0 337806 0 0 0 CHRISTOPHER ARNOLD DIRECTOR 250534 0 36838 0 0 0 22875 0 21087 0 331334 0 0 0 LINDA LACH DIRECTOR 240518 0 28000 0 0 0 22275 0 40101 0 330894 0 0 0 BRUCE VIVIAN PRINCIPAL, ACCOUNTANCY EDUCATION 217523 0 24000 0 0 0 21075 0 55342 0 317940 0 0 0 LAURA LEKA PRINCIPAL -PAIB & INTEGRAT 220847 0 21391 0 0 0 17415 0 55481 0 315134 0 0 0 ROSS SMITH PROGRAM & TECHNICAL DIRECT 210876 0 35973 0 0 0 15183 0 8383 0 270415 0 0 0 DAVE WARREN DIRECTOR 170781 0 22367 0 0 0 11888 0 9750 0 214786 0 0 0 EDWIN NG PRINCIPAL, IPSASB 151484 0 15284 0 0 0 10201 0 5303 0 182272 0 0 0 JOAO FONSECA PRINCIPAL, IPSASB 144713 0 14166 0 0 0 10045 0 9852 0 178776 0 0 0 YE XIAO ZHOU PRINCIPAL, IPSASB 137905 0 13420 0 0 0 9604 0 9376 0 170305 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERS/STOCKHOLDERS: IFAC IS COMPOSED OF PROFESSIONAL ACCOUNTANCY ORGANIZATIONS THAT MEET THE MEMBER ADMISSION CRITERIA AND OBLIGATIONS SET FORTH IN ITS CONSTITUTION AND BYLAWS. THE COUNCIL APPROVES THE ADMISSION OF MEMBERS, UPON RECOMMENDATION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A UNDER IFAC'S CONSTITUTION, EACH FULL MEMBER IN GOOD STANDING HAS ONE VOTE, WHICH MAY BE CAST AT ANY COUNCIL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING BODIES OF IFAC ARE THE COUNCIL AND THE BOARD. THE OFFICERS OF IFAC ARE THE PRESIDENT, THE DEPUTY PRESIDENT, THE CHIEF EXECUTIVE OFFICER, AND SUCH OTHER OFFICERS AS THE BOARD SHALL DEEM NECESSARY. THE COUNCIL IS THE SUPREME AUTHORITY OF IFAC AND IS VESTED WITH THE ULTIMATE GOVERNANCE AUTHORITY OVER IFAC. THE COUNCIL DELEGATES THE POWER TO GOVERN AND OVERSEE THE OPERATIONS OF IFAC TO THE BOARD. THE COUNCIL HAS THE EXCLUSIVE RIGHT, POWER, AND AUTHORITY TO, UPON RECOMMENDATION OF THE BOARD, APPROVE THE APPOINTMENT OF MEMBERS OF THE NOMINATING COMMITTEE AS SET FORTH IN SECTION IX OF THE CONSTITUTION AND THE BYLAWS AND SUBJECT TO ANY APPROVAL BY THE RELEVANT PUBLIC INTEREST OVERSIGHT AUTHORITY; THE AMENDMENT OR REPEAL OF BYLAWS OR THE ENACTMENT OF NEW BYLAWS; AND AMENDMENTS TO THE CONSTITUTION. UPON RECOMMENDATION OF THE NOMINATING COMMITTEE, AS ENDORSED BY THE BOARD, APPROVE THE APPOINTMENT AND REMOVAL OF THE PRESIDENT AND THE DEPUTY PRESIDENT, AND THE APPOINTMENT AND REMOVAL OF THE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A REVIEW OF THE FINAL VERSION OF THE FORM 990 WAS PERFORMED BY A MEMBER OF THE AUDIT COMMITTEE WHO IS A US CPA AND RESIDES IN THE UNITED STATES, AS WELL AS, MEMBERS OF THE IFAC'S FINANCE MANAGEMENT TEAM. FORM 990, PART VI, SECTION B, LINE 12C THE IFAC BYLAWS REQUIRE EACH BOARD MEMBER TO SIGN AN INDEPENDENCE (CONFLICT OF INTEREST) DECLARATION AT THE BEGINNING OF EACH YEAR. BOARD MEMBERS ARE SENSITIVE TO ANY INTERESTS THEY MAY HAVE IN A DECISION TO BE MADE BY THE BOARD AND, TO THE EXTENT POSSIBLE, RECOGNIZE SUCH INTEREST PRIOR TO THE DISCUSSION OR PRESENTATION OF SUCH MATTER BEFORE THE BOARD. UPON RECOGNIZING THE EXISTENCE OF THE CONFLICT, REGARDLESS OF THE DEGREE OF MATERIALITY, THE BOARD MEMBER DISCLOSES THE CONFLICT TO THE BOARD BEFORE THE BOARD TAKES ACTION ON THE MATTER. THE CONFLICTED BOARD MEMBER DOES NOT PARTICIPATE IN THE BOARDS DELIBERATION AND ABSTAINS FROM ALL VOTES RELATING TO THE MATTER AT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE REMUNERATION OF THE CHIEF EXECUTIVE OFFICER IS RECOMMENDED BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE (HRCC) AND IS APPROVED BY THE IFAC BOARD. THE HRCC CONSISTS OF AT LEAST THREE (3) MEMBERS OF THE BOARD, INCLUDING THE PRESIDENT, DEPUTY PRESIDENT, AND THE CHAIR OF THE AUDIT COMMITTEE. THE HRCC IS RESPONSIBLE FOR REVIEWING AND PROVIDING FEEDBACK ON AN ANNUAL REPORT OF BOTH THE SALARIES AND BONUSES FOR IFAC EXECUTIVE STAFF, ALL DETERMINED BY THE CEO IN ACCORDANCE WITH THE IFAC COMPENSATION POLICIES. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC CAN ACCESS THESE DOCUMENTS LISTED BY VISITING THE ORGANIZATION'S WEBSITE AT HTTP://WWW.IFAC.ORG AND/OR UPON REQUEST. FORUM OF FIRMS 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 141858441 PROMOTE CONSISTENT & QUALITY STANDARD OF FINANCIAL REPORTING NY 501(C)(6) 0 INTERNATIONAL FOUNDATION FOR ETHICS AND AUDIT 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 920748086 DEVELOPMENT OF HIGH-QUALITY INTERNATIONAL STANDARDS IN ETHICS,AUDIT AND ASSU DE 501(C)(3) 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 SCHEDULE R, PART II, NAME OF RELATED ORGANIZATION: INTERNATIONAL FOUNDATION FOR ETHICS AND AUDIT PRIMARY ACTIVITY: THROUGHOUT THE ENTIRE STANDARD SETTING PROCESS IN AUDIT AND ETHICS RELATED FIELDS AND ALSO CONDUCT RESEARCH TO SUPPORT THE DEVELOPMENT, ADOPTION AND IMPLEMENTATION STANDARDS IN THE FIELD OF AUDIT, ASSURANCE AND ETHICS, AND TO EDUCATE AND INFORM STAKEHOLDERS AND INTERESTED PARTIES REGARDING THE SAME.