The International Forum of Independent Audit Regulators (IFIAR) is a global member organization comprising independent audit regulators from 54 jurisdictions.
IFIAR was established in Paris in 2006. Its members are audit regulators and supervisors from the continents of Africa, Asia, Europe, North and South America and Oceania.
Activities
IFIAR holds a Plenary meeting annually to discuss broad issues related to audit quality matters.
There are five formal Working Groups that meet regularly throughout the year and submit their deliverables to the Plenary meeting:
Enforcement Working Group: chaired by Elizabeth Barrett, FRC, United Kingdom
Global Audit Quality Working Group: chaired by William Di Cicco, H3C, France
Investor and Other Stakeholder Working Group: chaired by Peter Hofbauer, APAB, Austria Inspection Workshops Working Group: chaired by Askin Akbulut, AOB, Germany Standards Coordination Working Group: chaired by Martijn Duffels, AFM, The Netherlands
Inspection Findings Survey
Since 2012, IFIAR conducts Annual Inspection Findings Survey and publishes its report. These reports show general trends of audit inspection findings.
Membership
As of April 2022, IFIAR has 54 members. IFIAR members are divided into two categories: Members Associate members As of April 2022, all IFIAR members are ordinary members and have voting rights.
Multilateral Memorandum of Understanding
IFIAR Members approved the MMOU concerning co-operation in the exchange of information for audit oversight on June 30, 2015. Currently, 22 members signed the MMOU.
IFIAR Board
The IFIAR Board was established in April 2017. Current Board Members are Australia, Brazil, Canada, Chinese Taipei, France, Germany, Greece, Ireland, Japan, the Netherlands, Singapore, South Africa, Switzerland,Turkey, the United Kingdom and the United States.