Statements of Membership Obligations (SMOs) 1-7

(Revised)

Issued by the board of the

International Federation of Accountants (IFAC)

Building blocks of SMOs.

SMO 1: Quality Assurance

SMO 2: International Education Standards for Professional Accountants & Other Pronouncements Issued by the IAESBSMO 3: International Standards & Other Pronouncements Issued by the IAASM

SMO 4: IESBA Code of Ethics for Professional Accountants

SMO 5: IPSAS & Other Pronouncements Issued by the IASB

SMO 6: Investigation & Discipline

SMO 7: IFRS & Other pronouncements issued by the IASB

…sets out the requirements of IFAC member body with respect to:

Degree of responsibility for an SMO area

Ultimate Objective:

Strong Accountancy Profession = Inclusive & Sustainable Growth