Which international body represents major accountancy organizations worldwide and aims to enhance the quality of services provided by professional accountants?

The International Federation of Accountants (IFAC) is a global organization that represents major accountancy organizations around the world. Its primary objective is to enhance the quality of services delivered by professional accountants across various jurisdictions. IFAC works to establish high standards and supports the development of the accounting profession internationally, promoting adherence to these standards. The organization also advocates for the public interest, ensuring that the profession as a whole responds effectively to the challenges and changes occurring in the global economy.

The other options refer to different aspects of accounting and finance. Generally Accepted Accounting Principles (GAAP) denotes a set of accounting standards primarily used in the United States and is not an organization. International Accounting Standards (IAS), which has now largely been replaced by IFRS (International Financial Reporting Standards), sets accounting standards but does not represent accountancy organizations. The Association of Chartered Certified Accountants (ACCA) is a professional accountancy body that offers qualifications to accountants but does not serve the same broad organizational purpose as IFAC.