Links With Other Professional Bodies
In 1997, the Chartered Institute of Management Accountants (CIMA) granted reciprocal exemption to the IFA for seven of its exams. However, this was withdrawn after the IFA was found to have plagiarised the syllabus of ACCA.
In 2005, during a round of merger talks between certain chartered bodies, talks took place with the ICAEW with a view to establishing IFA both as a feeder body, and as a 'fall-back' professional body for accountants who had not passed the final exams of other bodies such as CIMA or ACCA.
In 2006 talks took place between the IFA, the Association of Accounting Technicians (AAT) and the International Association of Book-keepers (IAB), regarding the creation of a joint qualification structure.
The IFA became an associate member of the International Federation of Accountants (IFAC) in November 2008, and a full member on 16 November 2011.
Until 2009, the IFA was associated with the International Association of Book-keepers (IAB), which is now fully independent.
Read more about this topic: Institute Of Financial Accountants
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