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 Vincent Tophoff, Senior Technical Manager, IFAC | October 12, 2016
The COSO Exposure Draft on enterprise risk management does not yet live up to its intentions—but could with some changes.
There are 31 articles
Creating the "Anticipatory" AccountantAccountants must become more "anticipatory" if they want to be ready to tackle new opportunities in the future, says Tom Hood, Executive Director and CEO of the Maryland Association of CPAs.
by Tom Hood, Executive Director & CEO, Maryland Institute of CPAs | January 6, 2016
The Year in Review: A Look Back at Viewpoints from 2015For the accountancy profession, 2015 was a forward-looking year. The need to attract and develop new talent, embrace rapidly changing technological trends, and demonstrate how the accountancy profession is playing a wider role in society were
by Eli R. Khazzam, Senior Professional, Economic Development & Emerging Technologies. | December 29, 2015
Accountants as Partners in Crime Prevention & ReportingSamantha McDonough shares some key corruption indicators that can help accountants capitalize on their ability to spot anomalies or irregular activity through their preparation of financial information to help prevent and report crime.
by Samantha McDonough, Professional Standards Support Manager, Chartered Institute of Management Accountants | May 21, 2015
Just Released and Right on Time: IFAC Thought Paper on Integrating Risk ManagementIFAC just released a new thought paper arguing that the management of risk should be an integral part of managing an organization.
by Vincent Tophoff, Senior Technical Manager, IFAC | May 8, 2015
Management Accounting, Risk Management, and Internal Control—It’s What We Do!For the third year in a row, we will be presenting on risk management and internal control at IMA's annual conference, this year in Los Angeles on June 20-24.
by J. Stephen McNally, Finance Director and Controller, Campbell Soup Company and Vincent Tophoff, Senior Technical Manager, IFAC | May 4, 2015
News and Resources
There are 608 news/resources
Locking Down the Value of Data
Grant Thornton - April 10, 2017
Improving Government Decision Making through Enterprise Risk Management
IBM Center for the Business of Government - March 27, 2017
Best Practices to Improve Cybersecurity
CGMA Magazine - March 27, 2017
Guide to Effective Risk Management 3.0
Risk Academy - March 2, 2017
The International Federation of Accountants (IFAC), Risk Management and ISO 31000
ISO - February 16, 2017
Five Practical Tips for Strong Cyber Security
ICAS - February 14, 2017
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