Overview
What is Forum Of Firms?
The Forum of Firms is a nonprofit organization that fosters consistent and high-quality financial reporting and auditing practices worldwide. Based in New York, the Forum brings together firms conducting transnational audits and engages them closely with the International Federation of Accountants (IFAC) to support IFAC's public interest mission. In response to the pandemic, the Forum adapted to a hybrid work model, welcoming the return of in-person meetings while continuing virtual events. They prioritized collaboration and agenda planning, invested in tools development, and addressed audit topics from across their membership. The Forum also continued their commitment to standard setting by nominating candidates to international boards and implementing a comprehensive vetting process. Despite pandemic-related challenges, they re-commenced in-country activities and welcomed new members, currently totaling 33 members and 1 affiliate. The Forum hosted an internal tutorial session, FOF 101, to enhance members' understanding of the organization's governance and operation.
Official website here: www.forumoffirms.org
Is Forum Of Firms legitimate?
Forum Of Firms is a legitimate nonprofit organization registered as a 501(c)(6) entity. Forum Of Firms submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Forum Of Firms?
The Forum of Firms is a global organization with a mission to promote consistent and high-quality standards of financial reporting and auditing practices worldwide. It brings together firms that perform transnational audits and closely involves them in the activities of the International Federation of Accountants (IFAC), thereby supporting IFAC's public interest purpose. The Forum continued its efforts in 2022 by focusing on hybrid meetings, strengthening the FOF community, supporting standard setting, revising agenda planning, collaborating on tools development, addressing audit topics from across the membership, and restarting in-country activities. Despite the impact of the pandemic, the Forum managed to progress several membership candidates, and its membership currently consists of 33 members and 1 affiliate. The Forum also hosted an internal tutorial session, FOF 101, to enhance members' understanding of the Forum's governance and operation.
Official website here: www.forumoffirms.org
Who is the CEO of Forum Of Firms?
What is the revenue of Forum Of Firms?
Who are the executives of Forum Of Firms and what are their salaries?
- Barry Naik (Director)
- Sam Burke (Chairman-Tac) [Trustee/Director]
- Marion Hannon (Exec Committee) [Trustee/Director]
- Stewart Dunne (Exec Committee) [Trustee/Director]
- Pablo San Martin (Exec Committee) [Trustee/Director]
- Bettina Cassegrain (Exec Committee) [Trustee/Director]
- Ed Fox (Exec Committee) [Trustee/Director]
- Matthew Cook (Exec Committee) [Trustee/Director]
- Sheri Anderson (Exec Committee) [Trustee/Director]
- Wally Gregory (Exec Committee) [Trustee/Director]
- Matthew Hallett (Exec Committee) [Trustee/Director]
- Paul Ginman (Exec Committee) [Trustee/Director]
- Christine Albrecht (Exec Committee) [Trustee/Director]
- Gill Spaul (Exec Committee) [Trustee/Director]
- Andrew Collier (Exec Committee) [Trustee/Director]
- David Chitty (Exec Committee) [Trustee/Director]
- Jean-Luc Barlet (Exec Committee) [Trustee/Director]
- David Kane (Exec Committee) [Trustee/Director]
- Gary Hengelsberg (Exec Committee) [Trustee/Director]
- Alfredo Spilzinger (Exec Committee) [Trustee/Director]
- Nick Jeffrey (Exec Committee) [Trustee/Director]
- Katherine Schamerhorn (Exec Committee) [Trustee/Director]
- David Isherwood (Chair)
- Brian Smith (Secretary)
Official website here: www.forumoffirms.org
Where can I find the form 990 for Forum Of Firms?
The Forum Of Firms’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.forumoffirms.org
Learn more at the official website: www.forumoffirms.org
Mission Statement of Forum Of Firms
The Forum of Firms is a distinguished organization with a public interest objective of promoting consistent and high-quality standards of financial reporting and auditing practices worldwide. By bringing together firms that conduct transnational audits and engaging them closely with the International Federation of Accountants (IFAC), the Forum supports IFAC's public interest purpose.
The Forum's mission is geared towards ensuring that financial reporting and auditing practices adhere to the same high standards, no matter the location. The organization achieves this by collaborating with IFAC on initiatives and involving firms in its activities. With a structured vetting process, the Forum carefully selects and prepares candidates for nomination to the International Auditing & Assurance Standards Board (IAASB) and International Ethics Standards Board for Accountants (IESBA), prioritizing those with a deep understanding of the public interest, global perspective, empathy, and strong technical skills.
Throughout the year, the Forum focuses on agenda planning, ensuring that all agendas are relevant and comprehensive, with significant consideration given to the issues and challenges faced by both large and smaller member firms. The organization also invests in collaboration with the International Federation of Accountants on the development of tools in support of audit quality.
Despite the challenges posed by the pandemic, the Forum continues to make strides in addressing audit topics from across its membership and re-commenced with an event in Mumbai on November 17. The Forum's membership currently consists of 33 members and one affiliate. Additionally, the Forum hosts an internal tutorial session called FOF 101, a deep dive meant to help all Forum members better understand the governance and operation of the organization, ultimately increasing transparency and engagement in its activities.
Impact
This information is meant to be a general summary of Forum Of Firms. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Forum of Firms plays a crucial role in promoting consistent and high-quality standards of financial reporting and auditing practices worldwide. By bringing together firms that perform transnational audits and involving them closely with IFAC's activities, the Forum supports IFAC's public interest purpose.
Despite the challenges posed by the ongoing pandemic, the Forum of Firms has continued its work in 2022 with a focus on key themes such as hybrid meetings, strengthening the Forum community, supporting standard-setting bodies like IAASB and IESBA, revising agenda planning, collaborating on tool development, and addressing audit topics across member firms of various sizes.
Additionally, the Forum has actively engaged its membership committee to progress new candidates through its due process, with the current membership standing at 33 members plus one affiliate. The Forum also conducted an internal tutorial session called FOF 101 to enhance member understanding of its governance and operations.
Through its activities and initiatives, the Forum of Firms contributes to enhancing audit quality globally and fostering collaboration among accounting professionals to serve the public interest.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2002
Phone
(212) 286-9344
Principal Officer
Barry Naik
Main Address
529 FIFTH AVENUE 6TH FLOOR, NEW YORK, NY, 10017
Website
www.forumoffirms.org
NTEE Category
Code: W052 - Public benefit
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