IFAC Changes Membership Obligations

IFAC changes membership obligations

The International Federation of Accountants wants accounting organizations to align with its quality management standards and offer more pathways to the profession.

IFAC enhances global accountability with revised membership obligations

The International Federation of Accountants (IFAC) has unveiled a revised set of Statements of Membership Obligations (SMOs) 1–7, which came into force on 1 April 2026. SMOs function as reference benchmarks for IFAC member organisations, outlining expectations for the promotion and use of international standards, as well as requirements around quality assurance and disciplinary arrangements. The latest update introduces targeted changes that ref…