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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
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How Can Big Businesses Protect Themselves from a Data Breach?
November 5, 2015 - The New Economy
A modern cyber security strategy should be in place before a crisis strikes
Sean Quinn, Executive Director & Head of U.S. Research for Institutional Shareholders Services (ISS), joins TK Kerstetter, host of “Inside America’s Boardrooms,” to discuss… “The Board’s Role in Cyber Risk.”
How will the advance of technology affect your business going forward?
Cindy Fornelli (Executive Director, Center for Audit Quality) and Jonathan Foster (Audit Chair, Masonite International Corp.) join TK Kerstetter, host of “Inside America’s Boardrooms” to discuss… “The Risk Oversight Challenge: Who Should Own Cyber Risk? (Part 2).”
Three top internal audit executives discuss how they view it, how their companies deal with it, and what they think the future holds in terms of planning, prevention, response, and execution.
Most people understand the importance of the "tone at the top" and realize that a company's financial reporting environment and culture can act as a strong deterrent to fraudulent financial reporting. But beyond the right "tone," what else can be done? What additional steps can be taken to deter fraud or, if fraud should get a foothold, to stop it in its tracks?
To facilitate continuous learning for risk management professionals, the RiskSpotlight team has identified 70+ videos on YouTube on various risk management topics.
- IFAC Study Shows Accountancy Strongly Linked to Prosperity, Improved Living Standards
November 12, 2015 - IFAC
- Everything the Finance Exec Needs to Know about Cyber Security
October 8, 2015 - CFO.com
- Homeland Security Websites Vulnerable to Cyber Attack: Audit
September 18, 2015 - Reuters
- ICAI Issues Guidance Note for Internal Financial Controls
September 16, 2015 - Economic Times
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