|Dear Members, Associates & Stakeholders:
We are delighted to share our 2018 integrated annual review: Delivering Value through Our Global Network. In addition to enhancing accountability to our member organizations and stakeholders, the review increases understanding of how our mission and objectives align to the key outcomes IFAC seeks to advance in the public interest.
The review is part of our 2018 reporting suite, which also comprises the Financial Statements for the year ending December 31, 2018. It advances IFAC’s commitment to the integrated reporting principles set out in the International Integrated Reporting Council’s Integrated Reporting Framework, and for which IFAC advocates globally. The report examines the multi-capital environment in which IFAC operates, recognizing that our human, intellectual, social, and relationship capitals are as critical as our financial capital.
It also shows how IFAC’s value-creation is supported by strong governance, clear strategy, and effective and efficient resource deployment.
Focused on delivering stakeholder value and channeling our comparative advantages, 2018 saw IFAC strengthen its emphasis on stakeholder satisfaction by creating high-quality content and building relationships to sustain future success.
We thank our Members and Associates for another year of remarkable collaboration. Together, we are delivering a competent, credible, truly global profession that is equipped to respond to an ever-changing landscape.