PIPFA is the associate member ofInternational Federation of Accountants (IFAC), the world organization for the accounting profession. IFAC's mission is to develop and enhance the profession to enable it to provide services of consistently high quality in the public interest. Its current membership consists of 155 professional accounting bodies in 113 countries representing more than 2.4 million accountants in practice, education, government service, industry and commerce. PIPFA, ICAP and ICMAP are the only three institutions of Pakistan having representation with IFAC.
The three sponsoring bodies - Institute of Chartered Accountants, Institute of Cost & Management Accountants and Department of Auditor General of Pakistan have continuous stakes in running the affairs of PIPFA through combined representation of 75% on the Board of Governors.