2025-11-13T12:08:07-06:00 2024-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990PF 2024-01-01 920748086 INTERNATIONAL FOUNDATION FOR ETHICS AND AUDIT INTE 2122869344 529 FIFTH AVE NEW YORK NY 10017 JAMES GUNN TREASURER 2122869344 2025-11-13 1 1 PAULA VUKSIC P00360739 9732180500 2025-11-13 2024 2025-03-06 01:10:19Z X 7719261 X 19303915 70172 70172 70172 0 0 4993 0 4993 19379080 70172 75165 1992078 0 0 1992078 6184613 0 0 3829368 2488278 0 0 2415314 60986 0 0 60986 70114 0 0 70114 434772 0 0 434772 1600 0 0 0 1916596 0 0 1905223 3671784 0 0 5460979 16820821 0 0 16168834 0 0 16820821 0 0 16168834 2558259 70172 75165 3870665 4808246 4808246 473558 2743731 2743731 4725000 73979 69804 69804 456085 97480 97480 9599287 7719261 7719261 1004659 1049325 5908082 1425131 6912741 2474456 X 2686546 5244805 2686546 5244805 9599287 7719261 2686546 2558259 0 5244805 0 5244805 975 0 975 0 975 0 0 1600 0 1600 4 621 621 0 0 0 0 0 0 0 0 0 0 0 1 1 DE NY 1 1 0 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 KEVIN DANCEY 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE TILL 3/5 0.50 0 0 0 ASMAA RESMOUKI 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE TILL 12/3 0.50 0 0 0 SANDRA PETERS 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE TILL 9/1 0.50 1700 0 0 DAVE SULLIVAN 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE 0.50 1700 0 0 LEE WHITE 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE FROM 3/5 0.50 0 0 0 MARTIN MANUZI 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE FROM 9/1 0.50 0 0 0 JEAN BOUQUOT 529 FIFTH AVE NEW YORK NY 10017 TRUSTEE FROM 12/3 0.50 0 0 0 THOMAS SEIDENSTEIN 529 FIFTH AVE NEW YORK NY 10017 CO-CEO 35.00 740900 28750 0 GABRIELA FIGUEIREDO DIAS 529 FIFTH AVE NEW YORK NY 10017 CO-CEO 35.00 657328 73324 0 JAMES GUNN 529 FIFTH AVE NEW YORK NY 10017 TREASURER / SECRETARY, MANAGING DIRECT 35.00 589175 60400 0 KEEAN SIONG SIN 529 FIFTH AVE NEW YORK NY 10017 PROGRAM AND SENIOR D 35.00 423500 28750 0 WILLEM BOTHA 529 FIFTH AVE NEW YORK NY 10017 PROGRAM AND TECHNICA 35.00 378500 27550 0 BRETT JAMES 529 FIFTH AVE NEW YORK NY 10017 CHIEF OF OPERATIONS 35.00 311000 24550 0 LINDA BIEK 529 FIFTH AVE NEW YORK NY 10017 DIRECTOR 35.00 266500 23050 0 KALINA SHUKAROVA SAVOVSKA 529 FIFTH AVE NEW YORK NY 10017 DIRECTOR 35.00 242000 21101 0 19 INTERNATIONAL FEDERATION OF ACCOUNTANTS 529 FIFTH AVENUE NEW YORK NY 10017 SERVICE LEVEL AGREEMENT 3471494 VELOCITY GLOBAL LLC 3858 WALNUT STREET SUITE 107 DENVER CO 80205 PROFESSIONAL EMPLOYMENT ORGANIZATION 1352132 DAN MONTGOMERY 9859 MAR LARGO CIRCLE FORT MYERS FL 33919 CONSULTING - PROGRAM ACTIVITIES 151250 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. 16168834 0 0 6074231 0 6074231 0 0 6074231 91113 5983118 299156 X 16168834 0 16168834 2022-10-17 X 75165 6558 0 0 81723 63890 5574 0 0 69465 16168834 13868819 144271 0 30181924 0 0 0 0 0 16168834 13868819 144271 0 30181924 0 0 199437 177723 161234 0 538394 0 0 0 0 X 0 0 14 70172 OTHER REVENUE 14 2500 FOREIGN CURRENCY GAIN 14 2493 0 75165 0 75165 0 0 0 0 0 0 0 1 0 1b(6) 3471494 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 2024 TOTALED $3,471,494. INFRASTRUCTURE SUPPORT IN THE FORM OF HUMAN CAPITAL, OPERATIONS AND OCCUPANCY, COMMUNICATIONS, INTELLECTUAL PROPERTY AND FINANCE SERVICES. X X 1 INTERNATIONAL FEDERATION OF ACCOUNTANTS 529 5TH AVENUE NEW YORK NY 10017 18971494 X 2 AUSTRALIAN DEPARTMENT OF THE TREASURY LANGTON CRESCENT CANBERRA ACT 2600 AS 332421 X RETURN PREPARATION AND TAX COMPLIANCE 70114 0 0 70114 FORM 990-PF, PART VII, LINE 1 IFEA'S 2024 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 THE 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^: $849,453, GABRIELA FIGUEIREDO DIAS*: $763,231, JAMES GUNN^: $715,606, KEEN SIONG SIN^: $531,432, WILLEM BOTHA^: $486,922, BRETT JAMES^: $412,284.* 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 AND DEFINED CONTRIBUTION RETIREMENT PLANS. GENERAL GOVERNANCE AND COUNSEL 60986 0 0 60986 DUE FROM IFAC 344068 26734 26734 ADVANCES AND DEPOSITS 112017 70746 70746 OFFICE EXPENSE 63034 0 0 63034 SERVICE LEVEL AGREEMENT COSTS 3471494 0 0 5267356 FOREIGN EXCHANGE LOSS 34955 0 0 34955 OTHER COST 102301 0 0 95634 OTHER REVENUE 2500 2500 FOREIGN CURRENCY GAIN 2493 2493 PAYABLE TO THE INTERNATIONAL FEDERATION OF ACCOUNTANTS (IFAC) 5908082 1425131 PROJECT CONSULTING 429318 0 0 429318 OTHER PROFESSIONAL FEES 5454 0 0 5454 FEDERAL TAX 1600 0 0 0