Governance

The recent financial and economic crises exposed many corporate governance weaknesses—but, at the same time, they created momentum for change. Effective governance encourages better organizational decision-making, accountability, and robust scrutiny of organizational performance. Accountants are in an excellent position to ensure that governance is integrated into the very DNA of their organizations, which has been identified as critical to its effectiveness. Read More

 

OECD Guidelines: Which Should Come First?

by Vincent Tophoff, Senior Technical Manager, IFAC | August 14, 2014 |

The OECD is in overdrive on revisions to its Guidelines on Corporate Governance of State-Owned Enterprises—have your say before it is too late. Read More

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IFAC Deputy President: Effective Internal Audit Function Crucial for Boards and Audit Committees
by Vincent Tophoff, Senior Technical Manager, IFAC | August 7, 2014 |

Olivia Kirtley, IFAC Deputy President, recently gave a presentation on how internal audit can provide the information boards and audit committees need for their decision making. Read More

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The Rise and Fall of the Aerarium: Lessons in Public Finance from the Roman Empire
by Eli R. Khazzam, Editor-in-Chief, Global Knowledge Gateway | July 22, 2014 |

Reflections on the the long-term failure of public finance in ancient Rome and the lessons we can learn from the Roman treasury system.  Read More

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Blinded by the Short Term: How to Frustrate Sustainable Value Creation
by Vincent Tophoff, Senior Technical Manager, IFAC | June 18, 2014 | 1

While many are paying lip service to adopting a longer-term perspective for companies and investing, short-termism is gaining ground. How can this trend be shifted? Read More

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Sneak Peek of the Upcoming IFAC/CIPFA Public Sector Governance Framework
by Kerry Ace, Finance and Policy Manager, CIPFA and Vincent Tophoff, Senior Technical Manager, IFAC | June 10, 2014 |

To help improve public sector governance, IFAC and the Chartered Institute of Public Finance and Accountancy have been drafting an international framework for good governance in the public sector over the last three years. After careful consultation with international experts, the public, and the profession, the Framework will be released in July—but we have a preview of what it covers. Read More

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