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.
|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. See the full overview.
by Vincent Tophoff, Senior Technical Manager, IFAC | October 12, 2016
The COSO Exposure Draft on enterprise risk management does not yet live up to its intentions—but could with some changes.
There are 30 articles
IIA Looks to Enhance Its Internal Audit Framework—What Is Your Take?The Institute of Internal Auditors issued an exposure draft on proposed enhancements to its International Professional Practices Framework —we would love to hear your views.
by Vincent Tophoff, Senior Technical Manager, IFAC | August 14, 2014
How to Manage Risk More Effectively—Make it Part of How You ManageManaging risk is already a natural part of how people make decisions and execute them; risk management is already “integrated”. Risk management tools and processes should be adapted to suit the needs of the decision makers and their existing...
by Grant Purdy, Associate Director, Broadleaf | July 3, 2014
Of Scenarios and Accountants: The Importance of Scenario Analysis for OrganizationsProfessional accountants can play a key role in risk management by engaging in scenario analysis exercises. They can use scenario analysis to improve the efficient management of resources, corporate governance, and the facilitation of information.
by Eli R. Khazzam, Editor-in-Chief, IFAC Global Knowledge Gateway and Vincent Tophoff, Senior Technical Manager, IFAC | June 23, 2014
A Ball of Confusion: What Is Your Appetite for Risk Appetite?The problem with specialist terminology is it often confuses, rather than clarifies, risk management.
by Vincent Tophoff, Senior Technical Manager, IFAC | June 18, 2014
New Zealand Treasury Uses IFAC Guidance for Government-wide Internal Control AssessmentThe Chief Accounting Advisor at the New Zealand Treasury details how IFAC’s internal control guidance was effectively incorporated into the New Zealand government’s thinking and approach to internal control.
by Ken Warren, Chief Accounting Advisor, New Zealand Treasury | May 13, 2014
News and Resources
There are 606 news/resources
Four Critical Reasons Startups and Smaller Organizations Need Internal Control
AICPA Insights - November 16, 2016
Blockchain Technology: Everything You Need to Know
In the Black - November 11, 2016
New Path for CPAs in Cyber Risk Management
Journal of Accountancy - November 11, 2016
Introduction to Blockchain Technology
CPA Canada - November 8, 2016
Cybercriminals Eagle Eye the Accounting Profession
Accounting Web - November 7, 2016
IRS Warns of ‘Security Awareness’ Scam
Accounting Today - November 7, 2016
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