INPACT is an international association of independent accounting firms affiliated to meet the challenges of a global marketplace with members throughout the world. It does not offer professional services in its own name. Each independent member of INPACT is a separate firm. These firms are not members of one international partnership/entity, or otherwise legal partners with each other, nor is any one firm responsible for the services or activities of another firm.
Each firm is organised under the laws of the territory in which it practices and is locally owned and managed. In most parts of the world, the practice of accounting and auditing is governed by local laws and regulations which determine professional standards, qualifications and relationships between audit professionals and reporting entities and is also influenced by local business practices and cultural attitudes.