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IFSA.ORG Illinois Fire Service Administrative Professionals May 2013 012 IFSA Newsletter www.ifsap.org 2013/2014 IFSA Board of Directors President Cori Billiard Rockford FD Vice President Sue Scheuer-McBride
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IFSAP stands for International Financial Services Annual Proforma.
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Financial institutions that operate across borders and provide financial services internationally are required to file IFSAP.
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IFSAP can be filled out electronically through designated platforms provided by regulatory authorities.
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The purpose of IFSAP is to collect and report financial information of international financial services to regulatory authorities for monitoring and supervision purposes.
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Information such as financial statements, risk exposures, and regulatory compliance must be reported on IFSAP.
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