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 41 articles
Fraud Investigations and the SEC: What to Do, What to KnowAwareness and activity in the fight against financial reporting fraud are as strong as ever, thanks in part to proactive efforts like the Anti-Fraud Collaboration. But let's face it—fraud happens, and, sadly, given human nature it always will.
by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | February 14, 2017
Technology Provides New Intelligence Services for BusinessesTechnology allows companies to provide state-of-the-art information on important topics, such as cybersecurity, regulation, and the impacts of society on your business.
by Marjella Alma, CEO & Co-Founder, eRevalue | November 29, 2016
Pivotal Change Needed to Take COSO’s ERM Framework from Risk to Strategic-Objective BasedThe COSO Exposure Draft on enterprise risk management does not yet live up to its intentions—but could with some changes.
by Vincent Tophoff, Senior Technical Manager, IFAC | October 12, 2016
A Treasurer’s Perspective: Trends in Risk Management: Part ITo manage financial risk effectively, treasury and professional accountants should collaborate closely to ensure that treasury’s activity in financial markets properly supports the business’ aims.
by James Lockyer, Development Director, Association of Corporate Treasurers | September 19, 2016
News and Resources
There are 635 news/resources
Roads to Revolution-Digital Transformation: Reshaping Risk and Resilience for the Future
Airmic - January 7, 2019
Risk Culture: How to Get it Right
AICPA, ISCA, EY, Aberdeen Standard Investments - January 7, 2019
Enterprise Risk Management: Tools and Techniques for Effective Implementation
Institute of Management Accountants - January 7, 2019
How Boards Can Better Manage Disruptive Risks
Financial Management Magazine - October 10, 2018
Audit Insights: Cyber Security
ICAEW - July 16, 2018
ICAEW Issues GDPR Guidance for Accountants
ICAEW - May 16, 2018
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