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IFAC FOCUS AREAS
- Accountability. Now.
- 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.
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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. Read More
Third Parties Used More for Internal Audit Work
February 4, 2016 - Accounting Web
Deloitte CFO Insights: Facing (and Embracing) Strategic Risks
February 3, 2016 - CFO Innovation
Role of Internal Auditor in Internal Control System of Companies
January 27, 2016 - Financial Express
COSO-guided Cybersecurity: Risk Assessment
January 27, 2016 - Wall Street Journal Risk & Compliance Journal
Financial Execs Concerned about Internal Controls
January 26, 2016 - Accounting Today
Forensic Data Analytics and the Human Factor
January 25, 2016 - The Accountant
Ten Ways to Protect Your Business Data
January 21, 2016 - ICAS
How Audit Committees Can Help Deter Fraud
January 20, 2016 - CGMA Magazine
IRS Debuts Taxpayer Identity Theft Video Series
January 13, 2016 - Accounting Today
- Internal Control-Integrated Framework
May 1, 2013 - Committee of Sponsoring Organizations of the Treadway Commission (COSO)
- Evaluating and Improving Internal Control in Organizations
June 28, 2012 - IFAC
- Evaluating and Improving Governance in Organizations
January 31, 2009 - IFAC
- Defining and Developing an Effective Code of Conduct for Organizations
May 31, 2007 - IFAC