The Institute of Financial Accountants

The Podium, 1 Eversholt Street, Euston, London, NW1 2DN.
+44 (0)20 7554 0730
+44 (0)20 7554 0731
mail@ifa.org.uk

Who are the IFA?

The Institute of Financial Accountants (IFA) is an internationally recognised professional accountancy membership body whose members work within micro and small to medium-sized enterprises (SMEs) or in small to medium-sized accounting practices (SMPs), advising micro and SME clients.

What do they do?

Following the amalgamation of the IFA with the Institute of Public Accountants (IPA) of Australia on 1 January 2015, the IFA is now part of the IPA group. It is now the world’s largest SME/SMP focused accountancy group, with more than 35,00 members and students around the world, which will take the global lead on accountancy, tax and business matters for micro, small and medium-sized enterprises.

What does that mean in practice?

The IFA help to develop the finance and accountancy functions of SMEs, which represent over 90% of the UK’s economy, and the accountancy practices (SMPs) that advise them. The IFA focuses on accountancy issues, and tax issues through the Federation of Tax Advisers (the FTA), the IFA’s tax faculty.

IFA members are not just accountants; they are people who are professionally qualified, have the depth of knowledge, experience and understanding of the needs and support required by SMEs and can simply be referred to as the “trusted business adviser”.

Consequently, the IFA provides a focused, relevant and practical programme of training and support for its accountancy students and members throughout their careers. This provides them with a competitive advantage to not only operate as an accountant, but also as an entrepreneur/business owner and trusted business adviser.

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