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November 29, 2015 1:03 AM ET

Commercial Services and Supplies

Company Overview of International Federation of Accountants

Company Overview

International Federation of Accountants (IFAC) is an organization of national professional accountancy organizations that represent accountants employed in public practice, business and industry, the public sector, and education. The organization offers advisory services to members on auditing, assurance, quality control, education, ethics, and information technology. It promotes and develops the profession of accountancy. IFAC organizes conferences and seminars and provides members with information on technology and industry updates, market research, and reports. Its members include more than 150 organizations. The organization was founded in 1977 and is based in New York City.

545 Fifth Avenue

14th Floor

New York, NY 10017

United States

Founded in 1977





Key Executives for International Federation of Accountants

President and Director
Deputy President and Director
Compensation as of Fiscal Year 2015.

International Federation of Accountants Key Developments

The International Federation of Accountants Elects New Board Members

The International Federation of Accountants (IFAC) announced its new Board members, decided at its annual Council Meeting. Four members were elected to IFAC's Board: Bill Balhoff (United States), Alan Johnson (United Kingdom), Terence Nomembe (South Africa), and Dr. Zhiguo Yang (China).

International Federation of Accountants Announces Executive Changes

The International Federation of Accountants announced the election of its President, Olivia Kirtley of the United States, for a two-year term ending in November 2016. The IFAC Council also announced the election of Rachel Grimes of Australia as Deputy President, a position previously held by Ms. Kirtley. Ms. Kirtley is a non-executive director of US Bancorp, Papa John's International, and ResCare Inc. Ms. Grimes is CFO Technology at Westpac, a multinational financial services firm; she previously served as Director of Mergers and Acquisitions. As Deputy President, she will chair the Planning and Finance Committee; previously she was a member of this committee, as well as the former Governance and Audit Committee.

International Federation of Accountants Appoints James as Managing Director, Professional Standards

International Federation of Accountants announced the appointment of James Gunn as Managing Director, Professional Standards. Mr. Gunn's appointment is effective at the end of June 2014, upon the retirement of Jim Sylph. As Managing Director, Mr. Gunn will be a resource and key source of advice to the chairs of the independent standard-setting boards and oversee the senior management of the boards. He will serve as a spokesperson for the boards and, with the boards' chairs, establish and maintain relationships with key stakeholders. The position reports functionally to the chairs of the standards boards, and administratively to IFAC's Chief Executive Officer. Mr. Gunn will also be the primary liaison between the independent standard-setting boards, the Monitoring Group, and the Public Interest Oversight Board, as well as between the boards and IFAC. Currently, Mr. Gunn is the Technical Director of the International Auditing and Assurance Standards Board. In this position, Mr. Gunn has managed and overseen the activities of the board and its staff, and played a pivotal role in representing the board, building relationships, and conducting outreach with international stakeholders in more than 35 countries around the world.

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