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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
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This tool will focus on management tools and techniques for mitigating market-oriented financial risks, including three commonly used approaches to quantifying financial risks.
Using your risk oversight and risk leadership to drive value and competitive advantage.
A new collection of practical tools and resources to assist management accountants to establish robust risk processes is now available.
This list tools used by management accountants and outline how they can benefit the majority of organizations, regardless of size or sector.
This report summarises findings from recent surveys of over 1,300 executives in organisations, with a focus on small to mid size enterprises (SMEs), around the world. It provides insights on the current state of enterprise-wide risk oversight, including identified similarities and differences in various regions.
Organisations of all types face a seemingly ever increasing array of risks that may affect their strategic success.
Summarises findings from surveys of over 1,300 executives in organisations around the world and provides insights on the current state of enterprise-wide risk oversight, including identified similarities and differences in various regions.
- Call for Clarity on Use of Aid Cash in Public-Private Development Schemes
November 18, 2016 - Public Finance International
- New Path for CPAs in Cyber Risk Management
November 11, 2016 - Journal of Accountancy
- Blockchain Technology: Everything You Need to Know
November 11, 2016 - In the Black
- Cybercriminals Eagle Eye the Accounting Profession
November 7, 2016 - Accounting Web
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