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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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Provides a view of six widely-used risk management standards, guidelines, and best practices to help identify common elements.
A searchable library of relevant information on risk and risk management. Available materials include executive reports, survey findings, contributed articles, industry research, benchmarking data, and more.
- 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
- Shining a Brighter Light on Risk
August 3, 2016 - Business Times
- AICPA to Help Position CPAs in Fight against Cyber Crime
July 8, 2016 - Accounting Today
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