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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
In this presentation (PDF and Podcast) risk management expert Tim Leech argues that an objective centric approach is recommended in order for enterprise risk management to really become Board & C-Suite Driven.
This toolkit uses the COSO Framework to provide guidance for audit committees to achieve effective internal control over financial reporting.
PwC’s annual survey results suggest that external drivers of change are influencing how internal audit should evolve to maintain its relevance.
Report captures key points and takeaways from a series of 2014 roundtable meetings of internal auditors, external auditors, and audit committee chairs.
Attractive investment and growth opportunities are often found in countries with high levels of risk. As such, companies need to make sufficient preparations.
Presentation on risk managenet from IFAC Senior Technical Manager Vincent Tophoff at the IIA 2015 General Audit Management Conference.
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.
- 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
- New Report from IFAC Tackles Risk Management
May 19, 2015 - Accounting Web
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