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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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ICAEW highlights the current top five cyber threats that you should be aware of if your are a small business owner.
10 steps to cyber security for the smaller firm.
This report provides practical advice on the realities of managing risk and integrating this into an organisation’s business rhythm.
Cyber Risk Indicator
September 1, 2015 - Institute of Chartered Accountants in England and Wales
ICAEW's new cyber risk tool helps you to find out if your organization is near a cyber risk.
This resource centre provides a focal point those looking for support in managing cyber risks.
This update to the 2013 Audit Insights: Cyber Security report raises specific issues and concerns that auditors are aware of in the cyber-security enviornment.
While more and more businesses are recognising the risk of cyber threats, they’re still not doing enough to address them, says ICAEW's latest Audit Insight report on Cyber Security.
- 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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