Every year, FIFA files a financial statement in line with the International Financial Reporting Standards (IFRS), which must be approved by an auditing firm. The report must then receive the approval of FIFA’s Financial Committee, the FIFA Council and, finally, the FIFA Congress.
FIFA operates in a four-year cycle and the vast majority (around 95 per cent) of the organisation’s revenues come from the sale of television, marketing, hospitality and licensing rights related to the FIFA World Cup™. Meanwhile, the majority of FIFA’s expenditure is spent on football development around the world.
In concrete terms, total revenue for the 2015-2018 four-year cycle has been budgeted at USD 5,656 million; total investment dedicated to the FIFA Forward Development Programme (introduced mid-2016) in the same cycle amounts to USD 1,079 million.
With the significant increase in development funding since 2016, there is now much tighter scrutiny at all levels of the football world. Stringent financial controls are now in place to ensure that these funds are being used properly. All of the 211 member associations and six confederations receiving Forward funds undergo an annual central audit review performed by world-class independent auditors.
After starting her United Nations career in Rome as a senior logistics officer with the World Food Programme in 1995, Fatma Samoura served as country representative or Deputy Humanitarian coordinator in seven countries.
The FIFA Statutes provide a separation between Strategic oversight and executive, operational and administrative functions.
FIFA’s Member Associations and the regional confederations meet once a year to agree on ways to further promote and develop football around the world.
FIFA World Football Museum
The FIFA World Football Museum covers all aspects of international football’s rich heritage and showcases the extraordinary history of the FIFA World Cup.
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