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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
A Deeper Look at the Financial Impact of Cyber Attacks
December 15, 2015 - Fei Daily
As large-scale instances of data theft — including theft of credit card records and personally identifiable information (PII) — are becoming more frequent, corporate executives and financial leaders are giving greater attention to the “cost” of cyber breaches.
Trategically managing crises is an essential responsibility of governments.
10 steps to cyber security for the smaller firm.
CIPFA has developed an interactive Assessment Tool, designed to help public sector organisations measure their counter-fraud arrangements against the Code of Practice on Managing the Risk of Fraud and Corruption.
Cyber-Security Opportunities for Small Accounting Firms in Canada
November 30, 2015 - CPA Canada
A study commissioned by CPA Canada found that small accounting firms, in particular, showed a surprising lack of adoption of some basic IT security practices, and had limited knowledge of proper protection. This guide aims to help Canadian small accounting firms enhance their cyber security.
CPA Canada Study on Canadian SME Information Security Practices
November 30, 2015 - CPA Canada
Get rich new insights into how Canadian businesses like yours manage IT risk, implement security and adopt new technologies.
Cybersecurity: The Changing Role of Audit Committee and Internal Audit
November 25, 2015 - Deloitte
The audit committee plays a vital role in monitoring management’s preparation for, and response to, cyberthreats and the associated regulatory and business developments.
- Cybersecurity Startups Set for Surge
June 8, 2016 - Forbes
- Sharpening the Board’s Role in Cyber-Risk Oversight
June 6, 2016 - Risk & Compliance Journal
- G-7 Nations Race to Bolster Security against Cyberattacks in Finance
May 23, 2016 - Wall Street Journal
- Good Internal Control Can Help Reduce Audit Fees
May 5, 2016 - FEI Daily
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