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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.
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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
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More and more companies are running into serious problems that have real financial costs as a result of improper or insufficient intercompany accounting practices, according to this Deloitte report.
6 Practical Tips to Keep Your Accounting Firm's Data Secure
September 15, 2016 - Host Review
Accounting firms now also have to undertake the responsibility of managing not only their own data but also the data of their clients and customers with the help of Cloud hosted services.
Hackers dominate the headlines, but organizations should also take steps to guard against other dangers.
This article provides insight and practical guidance on leveraging risk management as a benefit, not a burden, to your work.
This article explains how practices can create and encourage a risk culture.
Using your risk oversight and risk leadership to drive value and competitive advantage.
This tool will focus on management tools and techniques for mitigating market-oriented financial risks, including three commonly used approaches to quantifying financial risks.
- Accounting Group Steps Up Cyber “Impersonation” Focus
September 26, 2016 - Wall Street Journal
- AICPA Sets Out Criteria for Cybersecurity Risk Management
September 23, 2016 - Accounting Web
- Deloitte CFO Insights: Seven Hidden Costs of a Cyberattack
August 25, 2016 - CFO Innovation
- Security in the Accountancy Sector: How Dealing with Documents Correctly Can Help
August 17, 2016 - Accounting Web
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