2022-10-25T10:04:21-05:00 2021-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 290 W MT PLEASANT AVENUE 3310 LIVINGSTON NJ 07039 990 2021-01-01 132915461 INTERNATIONAL FEDERATION OF ACCOUNTANTS INTE 2122869344 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 RUSSELL GUTHRIE CFO 2122869344 2022-10-18 1 RUSSELL GUTHRIE 999009999 PAULA VUKSIC P00360739 9732180500 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KEVIN DANCEY 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 31485212 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 83 284 0 0 33620908 30732553 0 0 15466 -32307 1338657 745568 34975031 31445814 0 0 0 0 19293755 19743924 0 0 0 11835510 9677344 31129265 29421268 3845766 2024546 21781507 24926636 7624703 8745286 14156804 16181350 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 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 32 0 1 83 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 ALAN JOHNSON PRESIDENT 16.00 X X 0 0 0 ASMAA RESMOUKI DEPUTY PRESIDENT 2.00 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 TOMMYE BARIE BOARD MEMBER 2.00 X 0 0 0 TASHIA BATSTONE BOARD MEMBER 2.00 X 0 0 0 JEAN BOUQUOT BOARD MEMBER 2.00 X 0 0 0 JOAN CURRY BOARD MEMBER 2.00 X 0 0 0 IDESIO DA SILVA COELHO JR 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 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 FIONA WILKINSON BOARD MEMBER 2.00 X 0 0 0 ISMAILA MUHAMMADU ZAKARI BOARD MEMBER 2.00 X 0 0 0 KEVIN DANCEY CEO 40.00 X 818783 0 75097 RUSSELL GUTHRIE CFO 40.00 X 577667 0 75514 THORSTEN KLEIBOLD SWISS LEGAL LIAISON 2.00 X 0 0 0 JAMES GUNN MANAGING DIRECTOR 40.00 X 530235 0 90977 KEN SIONG SENIOR TECHNICAL DIRECTOR 40.00 X 369582 0 77419 WILLEM BOTHA PROGRAM & TECHNICAL DIRECTOR 40.00 X 314810 0 68998 JOSEPH BRYSON DIRECTOR 40.00 X 293159 0 73373 DAMARYS ALBINO DIRECTOR 40.00 X 276452 0 72207 STATHIS GOULD DIRECTOR 40.00 X 282444 0 74470 JENNIFER DICLERICO DIRECTOR 40.00 X 293716 0 74985 LINDA LACH DIRECTOR 40.00 X 244330 0 73385 BARRY NAIK DIRECTOR 35.00 5.00 X 250270 0 40580 CHRISTOPHER ARNOLD DIRECTOR 40.00 X 253367 0 39679 ROSS SMITH DIRECTOR 40.00 X 222367 0 22593 CLAUDIO GIROLAMI DIRECTOR 40.00 X 246497 0 45158 BEVERLY BAHMANN DIRECTOR 40.00 X 285423 0 44440 BRETT JAMES DIRECTOR 40.00 X 274279 0 76995 DIANE JULES DIRECTOR 40.00 X 269607 0 73028 NATALIE KLONARIDIS DIRECTOR 40.00 X 245467 0 72634 DAVIS MADON DIRECTOR 40.00 X 240600 0 43025 SCOTT HANSON DIRECTOR 40.00 X 230813 0 56237 HELEN PATRIDGE DIRECTOR 40.00 X 220480 0 74512 SALLY ANN BAILEY DIRECTOR 40.00 X 38333 0 2611 DAVE WARREN DIRECTOR 40.00 X 183820 0 21261 LAURA LEKA PRINCIPAL -PAIB & INTEGRATED REPORTING 40.00 X 206255 0 63682 G JENSEN PRINCIPAL 40.00 X 207614 0 13492 E NG PRINCIPAL 40.00 X 161223 0 15582 J FONSECA PRINCIPAL 40.00 X 155236 0 19713 J VANDEN HOUT PRINCIPAL 40.00 X 226225 0 12221 7919054 0 1493868 52 0 1 0 THOMAS R SEIDENSTEIN 4306 CHESTNUT STREET BETHESDA MD 20814 IAASB CHAIR 714583 DANIEL J EDELMAN INC 21992 NETWORK PLACE CHICAGO IL 60673 PR AGENCY CONSULTANT 600000 VELOCITY GLOBAL LLC 3858 WALNUT STREET SUIT 107 DENVER CO 80205 PR PROFESSIONAL SERVICES 509123 STAVROS THOMADAKIS 43 UPLAND ROAD CAMBRIDGE MA 02140 IESBA CHAIR 500000 BITBYBIT 115 WEST 29TH 4TH FL NEW YORK NY 10001 IT CONSULTANT 393883 12 30181343 551210 30732553 6836 6836 355073 355073 39143 -39143 -39143 -39143 4400 255 4145 4145 FOREIGN EXCHANGE GAIN & OTHER 900099 356350 356350 MEMBERSHIP APPLICATION FEE 900099 30000 30000 386350 31445814 -34998 0 748259 8822723 7895920 616436 1678873 729972 392857 161547 2238069 15040 18365 807717 1220462 161331 193594 82079 424513 129725 PUBLIC INTEREST OVERSIG 1361512 COMMUNICATIONS AND PUBL 840085 FOREIGN EXCHANGE LOSS 452478 PROFESSIONAL DEVELOPMEN 281933 896037 29421268 18778609 18886784 19635 31101 438184 721890 5040229 3746365 1428965 1293864 459551 512108 656563 3480889 21781507 24926636 2683271 2270868 277960 237779 4663472 6236639 7624703 8745286 X 0 0 14156804 16181350 0 0 14156804 16181350 21781507 24926636 2024546 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 2950846 2000201 950645 1317864 985385 332479 771519 760779 10740 1293864 ADVANCES / DEPOSITS 371866 FORUM OF FIRMS RECEIVABLES 3059285 MISCELLANEOUS RECEIVABLES 49738 3480889 EMPLOYEE ENTITLEMENTS 1634347 PENSION NOTE PAYABLE-NET 666503 PENSION NOTE PAYABLE-LONG TERM NET 1873022 PPP LOAN PAYABLE 2062767 6236639 31204056 255 255 31203801 242013 242013 31445814 29179510 255 255 29179255 242013 242013 29421268 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES ADJUSTMENT 255. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOREIGN EXCHANGE GAIN 281,156. LOSS ON FIXED ASSET DISPOSITION -39,143. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES ADJUSTMENT 255. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOREIGN EXCHANGE GAIN 281,156. LOSS ON FIXED ASSET DISPOSITION -39,143. EUROPE 0 0 PROGRAM SERVICES DRAFTING, ACCOUNTING, LITERATURE 1639622 EUROPE 0 0 PROGRAM SERVICES DRAFTING, ACCOUNTING, LITERATURE 837660 NORTH AMERICA 1 12 PROGRAM SERVICES DRAFTING, ACCOUNTING, LITERATURE 1899631 1 0 0 0 1 0 4376913 0 4376913 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 1 1 X X X X X 0 0 0 KEVIN DANCEY CEO 641858 0 176925 0 0 0 37800 0 37297 0 893880 0 0 0 RUSSELL GUTHRIE CFO 501242 0 76425 0 0 0 37800 0 37714 0 653181 0 0 0 JAMES GUNN MANAGING DIRECTOR 460810 0 69425 0 0 0 37800 0 53177 0 621212 0 0 0 KEN SIONG SENIOR TECHNICAL DIRECTOR 314582 0 55000 0 0 0 24225 0 53194 0 447001 0 0 0 WILLEM BOTHA PROGRAM & TECHNICAL DIRECTOR 267010 0 47800 0 0 0 15960 0 53038 0 383808 0 0 0 JENNIFER DICLERICO DIRECTOR 258216 0 35500 0 0 0 21970 0 53015 0 368701 0 0 0 JOSEPH BRYSON DIRECTOR 257659 0 35500 0 0 0 22425 0 50948 0 366532 0 0 0 STATHIS GOULD DIRECTOR 245444 0 37000 0 0 0 21525 0 52945 0 356914 0 0 0 BRETT JAMES DIRECTOR 239509 0 34770 0 0 0 21465 0 55530 0 351274 0 0 0 DAMARYS ALBINO DIRECTOR 242952 0 33500 0 0 0 20453 0 51754 0 348659 0 0 0 DIANE JULES DIRECTOR 235107 0 34500 0 0 0 16779 0 56249 0 342635 0 0 0 BEVERLY BAHMANN DIRECTOR 248073 0 37350 0 0 0 22837 0 21603 0 329863 0 0 0 NATALIE KLONARIDIS DIRECTOR 220867 0 24600 0 0 0 20055 0 52579 0 318101 0 0 0 LINDA LACH DIRECTOR 220330 0 24000 0 0 0 20145 0 53240 0 317715 0 0 0 HELEN PATRIDGE DIRECTOR 220480 0 0 0 0 0 17437 0 57075 0 294992 0 0 0 CHRISTOPHER ARNOLD DIRECTOR 220367 0 33000 0 0 0 20025 0 19654 0 293046 0 0 0 CLAUDIO GIROLAMI DIRECTOR 219497 0 27000 0 0 0 20325 0 24833 0 291655 0 0 0 BARRY NAIK DIRECTOR 220270 0 30000 0 0 0 20025 0 20555 0 290850 0 0 0 SCOTT HANSON DIRECTOR 207813 0 23000 0 0 0 19168 0 37069 0 287050 0 0 0 DAVIS MADON DIRECTOR 216600 0 24000 0 0 0 19725 0 23300 0 283625 0 0 0 LAURA LEKA PRINCIPAL -PAIB & INTEGRATED REPORTI 190255 0 16000 0 0 0 11400 0 52282 0 269937 0 0 0 ROSS SMITH DIRECTOR 190072 0 32295 0 0 0 14124 0 8469 0 244960 0 0 0 J VANDEN HOUT PRINCIPAL 206468 0 19757 0 0 0 8290 0 3931 0 238446 0 0 0 G JENSEN PRINCIPAL 198556 0 9058 0 0 0 4948 0 8544 0 221106 0 0 0 DAVE WARREN DIRECTOR 166239 0 17581 0 0 0 11612 0 9649 0 205081 0 0 0 E NG PRINCIPAL 145459 0 15764 0 0 0 10160 0 5422 0 176805 0 0 0 J FONSECA PRINCIPAL 140664 0 14572 0 0 0 9825 0 9888 0 174949 0 0 0 PART I, LINE 1A PAYMENT/REIMBURSEMENT OF EXPENSES INDICATED IN LINE 1A IS DONE IN ACCORDANCE WITH THE TRAVEL POLICY FOR THE ORGANIZATION'S OFFICERS APPROVED BY THE GOVERNING BOARD OF THE ORGANIZATION. IN ACCORDANCE WITH THE POLICY, THE OFFICERS(AND THEIR SPOUSES, WHICH INCLUDE PARTNERS, WHEN TRAVELING FOR THE ORGANIZATION'S PURPOSES) MAY TRAVEL IN BUSINESS CLASS AT ANY TIME. THE PRESIDENT AND CEO MAY ELECT TO TRAVEL FIRST CLASS. IN ACCORDANCE WITH THE POLICY, THE ORGANIZATION REIMBURSES THE TRAVEL OF SPOUSES OF THE PRESIDENT AND CEO FOR TRAVEL ASSOCIATED WITH COUNCIL MEETINGS OR OTHER CIRCUMSTANCES WHEN SPOUSAL ATTENDANCE IS APPROPRIATE. THE POLICY ADDRESSES: TRAVEL AUTHORIZATION AND RESERVATIONS; MAKING RESERVATIONS; CLASS OF SERVICE AND FARE; UPGRADES FOR TRAVEL; NUMBER OF IFAC PERSONNEL PER AIRCRAFT; ELECTRONIC TICKETS; PREPAID, LOST AND UNUSED TICKETS; SPOUSAL TRAVEL; COMBINING LEISURE WITH BUSINESS TRAVEL; EXCESS BAGGAGE FEES; GROUND TRANSPORT; ACCOMMODATION; MEALS AND ALCOHOL; GUIDELINES FOR TIPS AND GRATUITIES; PASSPORTS, VISAS AND IMMUNIZATIONS; INSURANCE; TRAVEL WARNINGS; TAX REFUNDS; EXPENSE CLAIMS; SUPPORTING DOCUMENTATION; INCORRECT OR INCOMPLETE EXPENSE CLAIMS. BRETT JAMES DIRECTOR REFUNDABLE RELOCATION ASSISTANCE X 5250 5250 0 0 1 DIANE JULES DIRECTOR REFUNDABLE RELOCATION ASSISTANCE X 14385 14385 0 0 1 GEOFFREY KWAN DIRECTOR REFUNDABLE RELOCATION ASSISTANCE X 11466 11466 0 0 1 31101 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 THE INTERNATIONAL FEDERATION OF ACCOUNTANTS ENGAGES AN INDEPENDENT CPA TAX PROFESSIONAL TO PREPARE THE FORM 990. BOARD MEMBERS GENERALLY FEEL THAT IT IS THE APPROPRIATE FIDUCIARY PROCESS. IT IS THE BOARD OR AUDIT COMMITTEE'S ROLE TO EVALUATE THE PERSON(S) OR FIRM HIRED TO PREPARE THE TAX RETURN AND TO DETERMINE THAT THE RETURN IS APPROPRIATELY FILED. THE IFAC AUDIT COMMITTEE HAS BEEN CHARGED WITH SUCH RESPONSIBILITY AND HAS TAKEN APPROPRIATE STEPS IN THAT REGARD. ADDITIONALLY, 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. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCEDURES. FORUM OF FIRMS 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 10017 141858441 PROMOTE CONSISTENT & QUALITY STANDARD OF FINANCIAL REPORTING NY 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 FORUM OF FIRMS Q 428594 ALLOCATION OF COSTS SCHEDULE R, PART V, LINE 1Q 2021 TAC EXPENSES REIMBURSED BY FORUM OF FIRMS TO INTERNATIONAL FEDERATION OF ACCOUNTANTS: - SALARY AND BENEFITS: $ 416,309. - OTHER EXPENSES: $ 12,285. TOTAL 2021 TAC EXPENSES: $ 428,594.