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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
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.
Identifies critical elements of the CFO’s role in protecting his/her organization from cyberattacks, as well as practical recommendations for establishing an effective cybersecurity program.
3 Ways Accountants Can Use Big Data to Fight Fraud
June 15, 2015 - Accounting Web
Accountants can leverage big data to help combat fraud and possibly fraudulent activities.
Explores the case for the appointment of a senior risk leader to support the board and to manage today’s and tomorrow’s risk agenda. An accompanying toolkit helps boards think more deeply about establishing a dedicated risk leadership role.
- Homeland Security Websites Vulnerable to Cyber Attack: Audit
September 18, 2015 - Reuters
- ICAI Issues Guidance Note for Internal Financial Controls
September 16, 2015 - Economic Times
- 5 Ways Not-for-Profits Can Detect and Prevent Fraud
September 15, 2015 - AICPA Insights
- US Survey: 60% of Boards Want Increased Risk Management Oversight by Senior Management Teams
September 15, 2015 - American Institute of CPAs
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Types of Resources