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.
|Global Knowledge Gateway||
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. See the full overview.
by Vincent Tophoff, Senior Technical Manager, IFAC | October 30, 2017
The Committee of Sponsoring Organizations of the Treadway Commission (COSO)’s newly updated Enterprise Risk Management Framework takes important steps toward ensuring risk is managed as an integrated part of managing an organization.
There are 651 articles
Flexibility & A Transparent Corporate Culture Will Help Attract Top TalentAttracting and retaining talent requires a transparent corporate culture, work structure flexibility, and leadership engagement.
by Lisa Simpson, Associate Director, Firm Services, AICPA | February 23, 2018
RegTech Will Help Transform AuditRegTech, that is Regulatory Technology, will probably have a profound effect on the audit profession—and audit will need to adapt.
by Liv Watson, Co-Chair, ICAEW Natural Capital Accounting, Structured Data Task Force and Senior Director, Strategic Customer Initiatives at Workiva | February 23, 2018
Tackling Modern Slavery: What Role Can Accountants Play?The new wave of modern slavery disclosure regulations require companies to disclose audits and associated monitoring mechanisms to tackle any human suffering arising from their business operations—a process accountants can play a play a role in.
by Professor Muhammad Azizul Islam, PhD, CPA, CA, Chair in Accountancy & Director of Postgraduate Research Programme (Accounting & Finance) Business School, University of Aberdeen | February 12, 2018
Breakthrough in Financing Circular Business Models Shows Need for AccountantsFinancial modelling that enables an understanding of how a Product-as-a-Service model can be viable and represented by financial statements will help to unlock new investment in new innovative and sustainable business models.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | February 12, 2018
News and Resources
There are 9830 news/resources
Quality Assurance for Audit–Good Practice Guide
ICAEW, Confederation of Asian and Pacific Accountants, Asian Development Bank - February 21, 2018
Maturity Model Guidance Series: Investigation & Discipline
Confederation of Asian and Pacific Accountants - February 21, 2018
The UK Central Government Public Financial Management System
ICAEW - February 21, 2018
Managing the Public Balance Sheet
ICAEW - February 21, 2018
Tenets of a Quality Audit
ACCA - February 15, 2018
Skills That Help Accounting Professionals Succeed Alongside AI
Financial Management Magazine - February 14, 2018
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