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||
Risk Management & Internal Control
Proper risk management and internal control help organizations understand the risks they are exposed to, put controls in place to counter threats, and effectively pursue their objectives. They are therefore an important aspect of an organization’s governance, management, and operations. Professional accountants can and should play a leading role in helping their organizations achieve an integrated, organization-wide approach to risk management and internal control—which ultimately helps create, enhance, and protect stakeholder value. See the full overview.
by Rodney Irwin, Managing Director of Redefining Value and Education, World Business Council for Sustainable Development | May 4, 2018
Companies who understand and manage their risks fair better in the global economy and at home—in many cases, they attract better employees and better investments, which often translate into growth and sustained success.
There are 42 articles
Accountants Enabling Effective Enterprise Risk ManagementThe recent IFAC report Enabling the Accountant's Role in Effective Enterprise Risk Management (ERM) highlighted the importance of risk management being a core competency for accountants—for CFOs and finance teams, ERM provides a platform for...
by Stathis Gould, Deputy Director, Professional Accountants in Business, IFAC | May 6, 2019
From Risk to Opportunity – Accountants Need to Lead Enterprise Risk ManagementIFAC’s new ERM report highlights both it's importance and the contribution of accountants, CFOs and finance functions in leading ERM practice.
by Stathis Gould, Deputy Director, Professional Accountants in Business, IFAC and Stuart Chaplin, Vice President Finance, Risk Management, Shell Trading & Supply and IFAC PAIB Committee Member | January 7, 2019
The CO2 Reduction Approach by Companies Is InadequateA new survey shows that few companies are proactively trying to reduce their greenhouse gases—many companies have no specific targets in this area.
by Erik Kolthof, Senior Advisor, Royal NBA and Lucas Geusebroek, Project Lead Circular Economy, Royal NBA | June 4, 2018
Revised ISO 31000 Risk Management Standard: Still a Good Reference but Not Substantially ImprovedEarlier this year, the International Organization for Standardization (ISO) issued the revised standard ISO 31000 - Risk management, which provides principles, framework and a process for managing risk in any organization regardless of its size,...
by Vincent Tophoff, Senior Technical Manager, IFAC | March 14, 2018
How Can the New ERM Framework Help You?The updated COSO ERM framework focuses on five elements of good ERM, which guides businesses in developing a strategy that ultimately helps them reach their mission and vision.
by Patrick J. Stroh, Institute of Management Accountants Global Board Member and President, Business Strategy Innovation at Mercuiry Business Advisors | February 12, 2018
News and Resources
There are 582 news/resources
Enabling the Accountant's Role in Effective Enterprise Risk Management
IFAC - January 7, 2019
Taking Control of Cyber Risk
AIG, Board Agenda - May 13, 2019
Risk and Performance: Embedding Risk Management
ACCA - May 13, 2019
The Global Risks Report 2018
World Economic Forum - January 8, 2019
Value and Resilience through Better Risk Management
McKinsey&Company - January 7, 2019
Roads to Revolution-Digital Transformation: Reshaping Risk and Resilience for the Future
Airmic - January 7, 2019
Enterprise Risk Management: Tools and Techniques for Effective Implementation
Institute of Management Accountants - January 7, 2019
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