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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.
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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
This examines where IT audit functions stand in their capabilities to help management and the board of directors address these complex issues.
Cybersecurity and the Role of Internal Audit: An Urgent Call to Action
December 16, 2015 - Deloitte
This report offers insights into internal audit’s role as the third line of cyber defense and outlines a cybersecurity assessment framework built on Deloitte Advisory’s Secure.Vigilant.Resilient.™ approach.
Michael Mason (SVP & Chief Security Officer, Verizon), Jeff Mazanec (Chief Security Officer, General Dynamics), and David Mahon (VP & Chief Security Officer, CenturyLink) join TK Kerstetter, host of “Inside America’s Boardrooms,” discuss cyber guidance for corporate board members.
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.
- Accounting Group Steps Up Cyber “Impersonation” Focus
September 26, 2016 - Wall Street Journal
- AICPA Sets Out Criteria for Cybersecurity Risk Management
September 23, 2016 - Accounting Web
- Deloitte CFO Insights: Seven Hidden Costs of a Cyberattack
August 25, 2016 - CFO Innovation
- Security in the Accountancy Sector: How Dealing with Documents Correctly Can Help
August 17, 2016 - Accounting Web
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