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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
Assists management, boards of directors, external stakeholders, and others interacting with the entity by providing both understanding of what constitutes a system of internal control and insight into when internal control is being applied effectively.
Evaluating and Improving Internal Control in Organizations
June 28, 2012 - IFAC
Highlights areas where the practical application of existing internal control standards and frameworks often fail in many organizations and assists professional accountants in business to continuously evaluate and improve internal control, and ensure that it is integrated into governance and risk management.
Evaluating and Improving Governance in Organizations
January 31, 2009 - IFAC
Includes a framework-consisting of a series of fundamental principles, supporting guidance, and references-for how professional accountants can contribute to evaluating and improving governance in organizations.
Provides principles-based guidance to assist professional accountants and their organizations in developing and implementing a code of conduct in a values-based culture.
Risk Management in Government
November 28, 2016 - MetricStream
This presentation highlights the specific aspects of managing risk in the public sector.
Four Critical Reasons Startups and Smaller Organizations Need Internal Control
November 16, 2016 - AICPA Insights
The impact of fraud on small companies, including startups, can be much more devastating than a similar loss experienced at larger, more established organizations. This makes it imperative for smaller organizations to develop adequate internal controls.
Introduction to Blockchain Technology
November 8, 2016 - CPA Canada
Learn about blockchain technology and familiarize yourself with the potential implications, opportunities and risks for capital markets and reporting.
- Call for Clarity on Use of Aid Cash in Public-Private Development Schemes
November 18, 2016 - Public Finance International
- Blockchain Technology: Everything You Need to Know
November 11, 2016 - In the Black
- New Path for CPAs in Cyber Risk Management
November 11, 2016 - Journal of Accountancy
- Cybercriminals Eagle Eye the Accounting Profession
November 7, 2016 - Accounting Web
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