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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.
|Global Knowledge Gateway||
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
Attractive investment and growth opportunities are often found in countries with high levels of risk. As such, companies need to make sufficient preparations.
How Risk Management Can Spawn Competitive Advantage
March 9, 2015 - CFO.com
CFOs should have the notion of competitive advantage on their minds when they consider the values and goals of their companies’ enterprise risk management (ERM) programs.
Presentation on risk managenet from IFAC Senior Technical Manager Vincent Tophoff at the IIA 2015 General Audit Management Conference.
Although breaches at large companies such as Home Depot and Target make the headlines, small organizations also are at risk of cyberattacks because fraudsters may believe their controls are not as strong. Here’s how companies with limited IT resources can protect their valuable data.
What’s changing and how are audit committees responding?
To help you understand what is expected of audit committee members, and what you can expect from serving on the committee, the Audit Committee Resource Guide presents an overview of the requirements for U.S. public companies.
AICPA President and CEO Barry Melancon, CPA, CGMA, discusses CPAs and cybersecurity.
- Deloitte CFO Insights: Facing (and Embracing) Strategic Risks
February 3, 2016 - CFO Innovation
- COSO-Guided Cybersecurity: Risk Assessment
January 27, 2016 - Wall Street Journal Risk & Compliance Journal
- Role of Internal Auditor in Internal Control System of Companies
January 27, 2016 - Financial Express
- Forensic Data Analytics and the Human Factor
January 25, 2016 - The Accountant
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