Quick Answer: The International Federation of Horseracing Authorities, also known by its acronym IFHA, is a global authority body for the sport of horseracing. Serving as a more formal body for the International Conference of Horseracing Authorities, an annual series of conferences aimed at regulating horseracing, the IFHA was founded in 1993 to oversee matters related to fairness, quality and the rules related to horse breeding, racing and betting. Today IFHA's members are 60 national authorities in 55 countries, and is the only major global organization for horseracing. In addition to regulating the sport, the IFHA is also responsible for assessing the quality of horses and jockeys' performances globally, most notably through the World's Best Racehorse Rankings, an annual report of the best performing racehorses in graded races. Since 2013, the IFHA has been partnered with Longines, the World Organisation for Animal Health, and the Fédération équestre internationale.