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IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
|Global Knowledge Gateway||
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
In this report, an expert panel identified a range of possible enhancements for the audit committee of the future, with a particular focus on financial expertise among committee members.
This report maps how ten leading SAIs are assessing key stages of the policy cycle and its outcomes (policies and programmes).
Regulators worldwide are increasingly under pressure to investigate corruption and fraud across borders and recover proceeds of misconduct. To ensure their multinational companies are mitigating their corruption and fraud risk, boards should take these four steps.
Corporate Governance & Executive Compensation 2015 Survey
April 23, 2016 - Valuewalk
Shearman & Sterling’s 2015 Corporate Governance & Executive Compensation Survey of the 100 largest US public companies examines some of the most important corporate governance and executive compensation practices facing boards today and identifies best practices and emerging trends.
Effectively working with an audit committee is critical for auditors. How well are internal audit departments meeting the needs of the audit committee, and is the internal audit department receiving the proper support and oversight of the function from that group? This report helps bridge the gap between the two groups and provides insights from around the globe.
It is the responsibility of the governing board to put in place a proper system of checks and balances to detect fraud, not the auditor’s.
In October 2015, CIMA and St Paul’s Institute jointly hosted an event which explored how business models can operate more effectively and overcome the misjudgements often provided by short-termism.
- Zimbabwe: Corporate Governance in Turmoil
June 10, 2016 - AllAfrica.com
- KT Recognized for Corporate Governance
June 8, 2016 - Korea Herald
- Managing Corporate Governance Easier Said Than Done
June 7, 2016 - TheStreet.com
- Corporate Governance in Micro, Small-, and Medium-sized Enterprises
May 5, 2016 - Jamaica Observer
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