CIPFA is a voluntary membership organization established in 1885. It is the only professional accountancy body in the UK that specializes in public services and aims to advance public finance and best practices. CIPFA works with the accountancy profession and governments around the world to promote and support the implementation of international public sector accounting standards. The institute provides education and training for professional accountants and offers a range of high-quality advisory, information, and consultancy services to public sector organizations. In addition to being a member of IFAC, CIPFA is also a member of Accountancy Europe.