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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
Challenges the value of the ever-expanding multitude of specialist risk management terminology and concepts, which make risk management unnecessary complex and opaque.
The Global State of Information Security Survey 2015 was conducted by PwC, gathering responses from more than 9,700 security, IT, and business executives in 154 countries.
The Deloitte CFO Survey provides an insight into the thinking and financial attitudes of major UK based companies. 118 CFOs, including 28 at FTSE100 companies took part in the survey between 8th and 22nd September. The full survey report is available here.
Audit Committees may not be adept at defining what they need from you. If you figure out what inquiries and pressures they’re dealing with, you’ll transcend “strictly financial reporting” and be on your way to becoming a significant source of relevant information.
The Deloitte CFO Survey provides an insight into the thinking and financial attitudes of major UK based companies.
Nine tips to bolster thinking around data security.
PwC have released their Global Economic Crime Survey. The firm surveyed 5,128 respondents from 99 countries and found those reporting economic crimes represented a 3% increase in 2011, when it conducted its previous survey.
- New Report from IFAC Tackles Risk Management
May 19, 2015 - Accounting Web
- IFAC Offers Advice on Risk Management
May 11, 2015 - Accounting Today
- Materiality Matters: Why Don't Companies Have to Disclose Sustainability Risk?
April 28, 2015 - Green Biz
- US: “Pervasive” Pressure Challenges Internal Audit’s Objectivity
March 18, 2015 - Journal of Accountancy
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