2015-11-02T16:09:49-06:00 2014-12-31 222428965 CITRIN COOPERMAN & COMPANY LLP 709 WESTCHESTER AVENUE WHITE PLAINS NY 10604 990 2014-01-01 132915461 INTERNATIONAL FEDERATION OF ACCOUNTANTS INTE 2122869344 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 RUSSELL GUTHRIE CFO 2122869344 2015-11-02 1 BARBARA LANE CPA P00005830 9149492990 2014 2016-03-07 17:11:31Z FAYEZUL CHOUDHURY 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 29644583 0 X WWW.IFAC.ORG X 1977 SZ SEE ATTACHED SCHEDULE O 22 22 68 157 0 0 26980503 28606781 0 0 5610 10844 901883 984160 27887996 29601785 0 0 0 0 14530204 15246919 0 0 0 10953678 12753176 25483882 28000095 2404114 1601690 13628990 15401144 5521860 5692324 8107130 9708820 SEE SCHEDULE O 0 0 IFAC IS THE GLOBAL ORGANIZATION FOR THE ACCOUNTANCY PROFESSION. IT WORKS WITH IT'S 175 MEMBER ORGANIZATIONS IN 130 COUNTRIES TO PROTECT THE PUBLIC INTEREST BY ENCOURAGING HIGH QUALITY PRACTICES BY THE WORLD'S ACCOUNTANTS. IFAC MEMBERS REPRESENT 2.5 MILLION ACCOUNTANTS EMPLOYED IN PUBLIC PRACTICE, INDUSTRY AND COMMERCE, GOVERNMENT, AND ACADEME. IT'S STRUCTURE AND GOVERNANCE PROVIDE FOR THE REPRESENTATION OF IT'S DIVERSE CONSTITUENCIES AND INTERACTION WITH EXTERNAL GROUPS THAT RELY ON OR INFLUENCE THE WORK OF ACCOUNTANTS. 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 23 0 1 68 1 0 1 CA AS UK 0 0 0 0 X 22 22 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X ORGANIZATION 2122869344 529 FIFTH AVENUE 6TH FLOOR NEW YORK NY 100173622 JAMES SYLPH EXECUTIVE DIRECTOR 40.00 X X 348393 0 17238 RUSSELL GUTHRIE EXECUTIVE DIRECTOR 40.00 X X 554922 0 45018 STEPHENIE FOX TECHNICAL DIRECTOR 40.00 X X 291571 0 25423 WARREN ALLEN PRESIDENT 28.00 X 0 0 0 JAMES GUNN MANAGING DIRECTOR 40.00 X 466870 0 55448 ALTA PRINSLOO EXECUTIVE DIRECTOR 40.00 X X 514301 0 60259 SYLVIA TSEN SENIOR DIRECTOR 35.00 X 322563 0 33557 KEEAN SIONG TECHNICAL DIRECTOR 40.00 X 279127 0 54562 PAUL THOMPSON DIRECTOR 40.00 X 234729 0 41227 LAURA WILKER DIRECTOR 40.00 X 232664 0 51782 FAYEZUL CHOUDHURY CEO 40.00 X X 863258 0 25172 KATHLEEN K HEALY TECHNICAL DIRECTOR 40.00 X 250971 0 46250 GARY PFLUGRATH DIRECTOR 40.00 X 244424 0 26493 RACHEL GRIMES DEPUTY PRESIDENT 16.00 X 0 0 0 OLIVIA KIRTLEY PRESIDENT 16.00 X X 0 0 0 KELLY ANERUD DEPUTY DIRECTOR 40.00 X 239473 0 52352 LINDA LACH DEPUTY DIRECTOR 40.00 X 216681 0 52029 NANCY KAMP DEPUTY DIRECTOR 40.00 X 209398 0 34677 STATHIS GOULD SENIOR TECHNICAL MANAGER 40.00 X 199282 0 50152 SZYMON RADZISZEWICZ SENIOR TECHNICAL MANAGER 40.00 X 190406 0 47427 5659033 0 719066 17 0 1 0 ARNOLD SCHILDER WOKENVELD 26 1359 HB NL-ALMERE NL IAASB CHAIR 723596 COWAN DEBAETS ABRAHAMS & SHEPPARD LLP 41 MADISON AVENUE NEW YORK NY 10010 LEGAL SERVICES 321453 GROUP GORDON 747 THIRD AVENUE NEW YORK NY 10017 PUBLIC RELATIONS 192868 FINN PARTNERS 301 E 57TH STREET NEW YORK NY 10022 AUDIT & TAX SERVICE 147046 JORGEN HOLMQUIST 44 RUE FERNAND NEURAY BRUSSELS BE BE-1050 IESBA CHAIR 123129 5 27907324 212885 486572 28606781 10745 10745 310634 310634 11200 0 11200 11200 11200 99 0 99 99 99 104343 42798 61545 61545 WORLD CONGRESS OF ACCOUNTANTS 900099 357190 357190 MISCELLANEOUS INCOME 900099 183591 183591 MEMBERSHIP APPLICATION FEE 900099 60000 60000 600781 29601785 61644 0 933360 6378099 6886387 591028 774766 616639 442023 95160 1698275 68513 486371 505860 1192798 3441280 991811 539392 165214 PUBLIC INTEREST OVERSIG 1162678 COMMUNICATIONS AND PUBL 608676 FOREIGN EXCHANGE LOSS 505432 OTHER COMMITTEE EXPENSE 457357 392336 28000095 6569888 8038968 13500 2823 14312 18712 399608 395482 4186173 1381691 3051690 2804482 63924 109342 3516068 4031335 13628990 15401144 3321428 3536739 122750 32998 2077682 2122587 5521860 5692324 X 0 0 8107130 9708820 0 0 8107130 9708820 13628990 15401144 1601690 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 1 0 2722771 597120 2125651 793446 485617 307829 669956 298954 371002 2804482 ADVANCES / DEPOSITS 602533 FORUM OF FIRMS RECEIVABLES 2755831 MISCELLANEOUS RECEIVABLES 672971 4031335 ACCRUED PENSION COSTS 37411 ACCRUED SALARIES 2085176 2122587 29644484 42798 42798 29601686 99 99 29601785 28042795 42700 42700 28000095 0 28000095 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 42,798. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF FIXED ASSETS 99. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 42,799. GAIN ON DISPOSAL OF FIXED ASSETS -99. EAST ASIA AND THE PACIFIC 1 3 PROGRAM SERVICES DRAFTING, ACCOUNTING, LITERATURE 573104 NORTH AMERICA 1 11 PROGRAM SERVICES DRAFTING, ACCOUNTING, LITERATURE 1874408 EUROPE 1 4 PROGRAM SERVICES DRAFTING, ACCOUNTING, LITERATURE 1194271 3 18 0 0 3 18 3641783 0 3641783 0 0 0 0 0 0 X X 1 1 X X X X X 0 0 0 JAMES SYLPH EXECUTIVE DIRECTOR 221273 0 127120 0 0 0 13123 0 4115 0 365631 0 0 0 RUSSELL GUTHRIE EXECUTIVE DIRECTOR 450810 0 106800 0 -2688 0 21725 0 23293 0 599940 0 0 0 STEPHENIE FOX TECHNICAL DIRECTOR 222456 0 69115 0 0 0 15639 0 9784 0 316994 0 0 0 JAMES GUNN MANAGING DIRECTOR 373118 0 95000 0 -1248 0 21725 0 33723 0 522318 0 0 0 ALTA PRINSLOO EXECUTIVE DIRECTOR 410041 0 110000 0 -5740 0 21725 0 38534 0 574560 0 0 0 SYLVIA TSEN SENIOR DIRECTOR 259678 0 65000 0 -2115 0 21500 0 12057 0 356120 0 0 0 KEEAN SIONG TECHNICAL DIRECTOR 236852 0 45500 0 -3225 0 19925 0 34637 0 333689 0 0 0 PAUL THOMPSON DIRECTOR 205473 0 32000 0 -2744 0 18413 0 22814 0 275956 0 0 0 LAURA WILKER DIRECTOR 205403 0 35000 0 -7739 0 18413 0 33369 0 284446 0 0 0 FAYEZUL CHOUDHURY CEO 602258 0 261000 0 0 0 21725 0 3447 0 888430 0 0 0 KATHLEEN K HEALY TECHNICAL DIRECTOR 212471 0 45000 0 -6500 0 12726 0 33524 0 297221 0 0 0 GARY PFLUGRATH DIRECTOR 205634 0 40000 0 -1210 0 15888 0 10605 0 270917 0 0 0 KELLY ANERUD DEPUTY DIRECTOR 212313 0 31000 0 -3840 0 18797 0 33555 0 291825 0 0 0 LINDA LACH DEPUTY DIRECTOR 187322 0 36000 0 -6641 0 17165 0 34864 0 268710 0 0 0 NANCY KAMP DEPUTY DIRECTOR 199959 0 10000 0 -561 0 11940 0 22737 0 244075 0 0 0 STATHIS GOULD SENIOR TECHNICAL MANAGER 181072 0 20000 0 -1790 0 16967 0 33185 0 249434 0 0 0 SZYMON RADZISZEWICZ SENIOR TECHNICAL MANAGER 176626 0 14500 0 -720 0 14280 0 33147 0 237833 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. RUSSELL GUTHRIE EXECUTIVE DIRECTOR REFUNDABLE RELOCATION ASSISTANCE X 4000 4000 0 0 1 ALTA PRINSLOO EXECUTIVE DIRECTOR REFUNDABLE RELOCATION ASSISTANCE X 3923 3123 0 0 1 KELLY ANERUD DEPUTY DIRECTOR REFUNDABLE RELOCATION ASSISTANCE X 994 994 0 0 1 SYLVIA TSEN DIRECTOR REFUNDABLE RELOCATION ASSISTANCE X 2995 2995 0 0 1 KATHLEEN HEALY DEPUTY DIRECTOR REFUNDABLE RELOCATION ASSISTANCE X 2400 2400 0 0 1 STATHIS GOULD SR. TECHNICAL MANAGER REFUNDABLE RELOCATION ASSISTANCE X 2900 2900 0 0 1 SZYMON RADZISZEWICZ SR. TECHNICAL MANAGER REFUNDABLE RELOCATION ASSISTANCE X 2300 2300 0 0 1 18712 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERS/STOCKHOLDERS: IFAC IS THE GLOBAL ORGANIZATION FOR THE ACCOUNTANCY PROFESSION. ITS MEMBERS ARE MEMBER BODIES. THE CONSTITUTION DESCRIBES A "MEMBER BODY" AS A PROFESSIONAL ACCOUNTANCY ORGANIZATION THAT HAS BEEN ADMITTED TO IFAC AND HAS RETAINED ITS MEMBERSHIP IN GOOD STANDING. EACH MEMBER BODY HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNANCE OF IFAC ULTIMATELY RESTS WITH THE COUNCIL. THE COUNCIL GRANTS THE BOARD THE AUTHORITY TO GOVERN THE OPERATIONS OF IFAC AS SET OUT IN THE IFAC CONSTITUTION AND BYLAWS. THE COUNCIL APPOINTS THE NOMINATING COMMITTEE, ELECTS THE DEPUTY PRESIDENT (WHO BECOMES THE PRESIDENT AFTER TWO YEARS) AND THE MEMBERS OF THE BOARD, DETERMINES AND RECEIVES REPORTS ON PROGRESS ON POLICY AND STRATEGY INITIATIVES, DETERMINES ADMISSIONS AND EXPULSIONS, DETERMINES THE BASIS OF THE ASSESSMENT OF FINANCIAL CONTRIBUTIONS FROM MEMBER BODIES, DETERMINES AMENDMENTS TO THE IFAC CONSTITUTION AND BYLAWS, AND DETERMINES THE APPOINTMENT OF THE AUDITOR. (IFAC CONSTITUTION, SECTION 3.4). FORM 990, PART VI, SECTION A, LINE 7B THE COUNCIL CANNOT TAKE ANY ACTION ON ANY MATTERS COMING BEFORE IT AT ORDINARY OR SPECIAL MEETINGS UNLESS THERE IS A QUORUM. (IFAC CONSTITUTION, ARTICLE 15.1) EACH MEMBER BODY REPRESENTATIVE HAS ONE VOTE. THE METHOD FOR SUBSTANTIVE MATTERS TO BE CONSIDERED AT THE ORDINARY MEETING IS DETERMINED BY THE AGREEMENT OF 6 MEMBERS (IFAC BYLAWS SECTION 16.1(A)). A MEMBER BODY MAY FOR AN ORDINARY OR SPECIAL MEETING GIVE A PROXY TO CAST ITS VOTE ON BEHALF OF THAT MEMBER BODY.(IFAC BYLAWS, ARTICLE 19.1) THE IFAC CONSTITUTION, ARTICLE 16 ADDRESSES VOTING PROCEDURES AND MAJORITY REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 11 NO REVIEW WAS OR WILL BE CONDUCTED 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 DETERMINED BY THE PRESIDENT, DEPUTY PRESIDENT, AND CHAIR OF THE AUDIT COMMITTEE. THE CHIEF EXECUTIVE OFFICER'S EMPLOYMENT CONTRACT, INCLUDING HIS REMUNERATION, IS APPROVED BY THE IFAC BOARD. THE REMUNERATION OF THE DIRECTORS ARE DETERMINED BY THE CHIEF EXECUTIVE OFFICER IN CONSULTATION WITH THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC CAN ACCESS THESE DOCUMENTS LISTED IN THE ORGANIZATION'S WEBSITE AT WWW.IFAC.ORG FORM 990, PART VII WARREN ALLEN - 2 HAURAKI STREET, KARORI, WELLINGTON, NEW ZEALAND 6012. RACHEL GRIMES - 54 OCEAN VIEW ROAD, FRESHWATER, AUSTRIA NSW 2096. OLIVIA KIRTLEY - 47 HARWOOD ROAD, LOUISVILLE, KY 40222. FORM 990 PART X11, LINE 2 C EXPLANATION NO CHANGE IN OVERSIGHT PROCEDURE 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 1 1 0 1 0 1