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 29 articles
Revised COSO Framework: Improved but Additional Adjustments Still NeededOn May 14, 2013, the COSO issued the revised version of its Internal Control-Integrated Framework to help improve implementation of internal control but further adjustments are warranted to align internal control across the globe and to help...
by Vincent Tophoff, Senior Technical Manager, IFAC | November 4, 2013
News and Resources
There are 595 news/resources
Risk Management: It's What We Do!
Strategic Finance - September 1, 2016
Bolster Your Data Defenses
Journal of Accountancy - September 1, 2016
Deloitte CFO Insights: Seven Hidden Costs of a Cyberattack
CFO Innovation - August 25, 2016
How to Stop Expense Reimbursement Fraud
CGMA Magazine - August 23, 2016
PwC to Recruit over 1,000 Technology Specialists to Its UK Risk Assurance Business by 2020
August 22, 2016
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