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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
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ncident response plans are one of the most neglected aspects of information security.
Here are some practical ways to improve providers' data-security efforts.
What CFOs Should Know about Foreign Exchange Risks
May 21, 2015 - CFO.com
Understanding foreign exchange risk in the context of enterprise risk management enables finance chiefs to avoid overhedging their forex risks.
Cyber risk experts have begun to work on the assumption that it's impossible to keep networks perfectly free from attack.
How Risk Management Can Spawn Competitive Advantage
March 9, 2015 - CFO.com
CFOs should have the notion of competitive advantage on their minds when they consider the values and goals of their companies’ enterprise risk management (ERM) programs.
They hack into companies' email, pretend to be senior executives and direct employees to make bogus financial transactions.
Legal bills, compliance fines, fees for forensic investigators — data breaches are expensive. Here's how your company can avoid being a victim.
- 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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