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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
ncident response plans are one of the most neglected aspects of information security.
Latest news, resources, and tools from IIA and COSO.
Paper breaks down each of the three lines and assigns the corresponding framework principles.
To facilitate continuous learning for risk management professionals, the RiskSpotlight team has identified 70+ videos on YouTube on various risk management topics.
Here are some practical ways to improve providers' data-security efforts.
Illustrates how Massachusetts Mutual Life Insurance Co. developed a framework to work through the company’s ongoing strategy and financial planning and analysis.
Summarises findings from recent surveys of over 1,300 executives in organisations and provides insights on the current state of enterprise-wide risk oversight.
- Using Three Lines of Defense to Manage Internal Controls
July 9, 2015 - Journal of Accountancy
- Small Firms Slower to Adopt New Internal-Control Guidelines
June 17, 2015 - Wall Street Journal CFO Journal
- Cost of Cyber Security Breaches More than Doubles
June 4, 2015 - Economia
- Improve Your Data Security and Keep the Hackers Out
June 1, 2015 - In the Black
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