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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.
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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
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This article provides practical insights on doing so, including how to gain support from those who are resistant to change.
IIA Sees Need for Public Sector Audit Committees
July 21, 2014 - Accounting Today
The Institute of Internal Auditors wants more public sector entities to establish independent audit committees. The IIA has released a new report, “Global Public Sector Insight: Independent Audit Committees in Public Sector Organizations,” making the case for the need to establish such committees.
Cybercrime is on the rise, and accountants are in a position to help their clients take steps to prevent it. In a panel discussion at Pace University, co-sponsored by the Association of Chartered Certified Accountants, academics, law enforcement officials and security experts discussed the growing threat. Vincent Tophoff, Senior Technical Manager at the International Federation of Accountants, discussed the need for risk management and how easy it is for the “good guys” to turn into the “bad guys” and how important it is to turn them back into “good guys.”
Helen Brand of ACCA on How Accountants Can Combat Cybercrime
February 28, 2013 - Accounting Today
Helen Brand, chief executive of the Association of Chartered Certified Accountants, discusses what accountants can do to tackle the growing problem of cybercrime.
- 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
- US Survey: 60% of Boards Want Increased Risk Management Oversight by Senior Management Teams
September 15, 2015 - American Institute of CPAs
- 5 Ways Not-for-Profits Can Detect and Prevent Fraud
September 15, 2015 - AICPA Insights
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