The International Federation of Accountants (IFAC) is a global organization that represents the accounting profession. IFAC was founded in 1977 and is headquartered in New York City. The organization's mission is to promote high-quality accounting standards, ethics, and education around the world. IFAC works with national accounting organizations, governments, and other stakeholders to develop and promote best practices in accounting and financial reporting. The organization also provides guidance and support to its members, which include over 175 professional accounting organizations in more than 130 countries.