FORUM OF FIRMS
529 FIFTH AVENUE 6TH FLOOR, NEW YORK, NY 10017 www.forumoffirms.org

Total Revenue
$12,557,559
Total Expenses
$12,607,293
Net Assets
$627,050

Organizations Filed Purposes: THE PUBLIC INTEREST OBJECTIVE OF THE FORUM IS TO PROMOTE CONSISTENT AND HIGH QUALITY STANDARDS OF FINANCIAL REPORTING AND AUDITING PRACTICES WORLD-WIDE. THE FORUM BRINGS TOGETHER FIRMS WHICH PERFORM TRANSNATIONAL AUDITS AND INVOLVES THEM CLOSELY WITH IFAC'S ACTIVITIES THEREBY SUPPORTING IFAC'S PUBLIC INTEREST PURPOSE.

FOR 2019, A SIGNIFICANT UNDERTAKING WAS THE APRIL MEETING IN TOKYO ORGANIZED IN SUPPORT OF INCREASING FOF STAKEHOLDER OUT-REACH IN THE IMPORTANT A-PAC REGION. CONNECTED WITH THE TOKYO MEETING THE FORUM OF FIRMS ORGANIZED AN IN-COUNTRY EVENT IN TOKYO WHICH OCCURRED AFTER THE MAIN FORUM OF FIRMS MEETING.APPROX 100 ATTENDEES WERE REGISTERED TO ATTEND THE IN-COUNTRY EVENT TOKYO EVENT WHICH WAS MORE THAN TWICE WHAT HAD BEEN PLANNED AND BUDGETED FOR BASED ON REGISTRATION FOR THE INAUGURAL JAPAN IN-COUNTRY EVENT IN JANUARY 2017. PLANNED ACTIVITY IN RUSSIA WAS POST-PONED IN RESPONSE TO PROFESSIONAL/REGULATORY DEVELOPMENTS INDICATING THAT DELAYING WOULD BE PRUDENT.

FOR BOTH THE APRIL (TOKYO) AND OCTOBER (LONDON) MEETINGS OF THE FORUM OF FIRMS, AN ADDITIONAL 'ELECTIVE' WAS ADDED BEFORE THE MAIN MEETINGS OFFERING FOCUSED CONSIDERATIONS ON THE IAASB QUALITY MANAGEMENT AND GROUP AUDITS PROJECTS WITH PARTICULAR EMPHASIS GIVEN TO CONSIDERATIONS ASSOCIATED WITH MID-TIER NETWORKS.

THE FORUM OF FIRMS RECOGNIZES THE IMPORTANCE OF BROAD STAKEHOLDER ENGAGEMENT ON KEY TOPICS AND ISSUES RELATED TO SUPPORTING AND FURTHER ADVANCING AUDIT QUALITY. FOR 2019, THE FORM OF FIRMS HAD ENGAGEMENT AND PRESENTATIONS FROM THE: - JAPANESE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS - INTERNATIONAL FORUM OF INDEPENDENT AUDIT REGULATORS - HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS - AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION - JAPANESE FINANCIAL SERVICES AGENCY - JAPANESE CERTIFIED PUBLIC ACCOUNTANTS AND AUDITING OVERSIGHT BOARD - TOKYO STOCK EXCHANGE, INC - MULTIPLE STANDARD SETTERS INCLUDING ELECTIVES (AS DISCUSSED UNDER 4B) IAASB, IESBA, IASB - INTERNATIONAL FEDERATION OF ACCOUNTANTS - INTERNATIONAL PANEL ON ACCOUNTANCY EDUCATION - INTERNATIONAL VALUATIONS STANDARDS COUNCIL - UK FINANCIAL REPORTING COUNCIL - HAUT CONSEIL DU COMMISSARIAT AUX COMPTES - EUROPEAN LEGISLATIVE SPECIALIST - ACCOUNTANCY EUROPEOTHER TOPIC AREAS ENGAGED ON BY THE FORUM OF FIRMS WERE: - UPDATES ON DEVELOPMENTS WITH JAPANESE CORPORATE GOVERNANCE AND INTEGRATED REPORTING - PANEL SESSIONS COVERING: - STATE OF THE PROFESSION ASIA-PACIFIC - SHARED AND JOINT AUDITS PRACTICAL AUDIT QUALITY INSIGHTS - FUTURE OF ASSURANCE - LATEST REGULATORY DEVELOPMENTS COVERING - CHINA - UK - GLOBAL

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Brian SmithSECRETARY1$78,016
David IsherwoodCHAIR1$0
Barry NaikDEPUTY DIRECTOR5$0
Sylvia TsenEXECUTIVE DIRECTOR5$0
Don ZimmermanEXEC COMMITTEE0.25$0
Mohammed YaqoobEXEC COMMITTEE0.25$0
Jean-Luc BarletEXEC COMMITTEE0.25$0
David ChittyEXEC COMMITTEE0.25$0
Andrew CollierEXEC COMMITTEE0.25$0
Sue AlmondEXEC COMMITTEE0.25$0
Sean LagerEXEC COMMITTEE0.25$0
Gill SpaulEXEC COMMITTEE0.25$0
Christine AlbrechtEXEC COMMITTEE0.25$0
Paul WinrowEXEC COMMITTEE0.25$0
Laura TaylorEXEC COMMITTEE0.25$0
Wally GregoryEXEC COMMITTEE0.25$0
Sheri AndersonEXEC COMMITTEE0.25$0
Rod DevlinEXEC COMMITTEE0.25$0
Ed FoxEXEC COMMITTEE0.25$0
Victor OliveiraEXEC COMMITTEE0.25$0
Bettina CassegrainEXEC COMMITTEE0.25$0
Pablo San MartinEXEC COMMITTEE0.25$0
Chris SmithEXEC COMMITTEE0.25$0
Stewart DunneEXEC COMMITTEE0.25$0
Susana MartinezEXEC COMMITTEE0.25$0
Sam BurkeCHAIRMAN-TAC1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003149349301395_public.xml