Enhanced search function
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.
|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. Read More
You are now viewing all "risk management" resources. View All Risk Management & Internal Control Resources
Assists management, boards of directors, external stakeholders, and others interacting with the entity by providing both understanding of what constitutes a system of internal control and insight into when internal control is being applied effectively.
Evaluating and Improving Governance in Organizations
January 31, 2009 - IFAC
Includes a framework-consisting of a series of fundamental principles, supporting guidance, and references-for how professional accountants can contribute to evaluating and improving governance in organizations.
A Risk Challenge Culture identifies nine areas critical to designing and implementing an environment that encourages, requires and rewards enquiries that challenge existing conditions.
The purpose of this paper is to highlight the implications of the UK Bribery Act 2010 (the Act) when working outside the UK and to offer practical steps to mitigate the risk of falling foul of the Act.
This eleventh version of the Excellence in Risk Management Survey shows that senior leaders in their organizations are paying more attention than ever to risk and that risk management is increasingly treated as a key strategic function in organizations.
Cybercrime is on the rise, and accountants are in a position to help their clients take steps to prevent it. In a panel discussion at Pace University, co-sponsored by the Association of Chartered Certified Accountants, academics, law enforcement officials and security experts discussed the growing threat. Vincent Tophoff, Senior Technical Manager at the International Federation of Accountants, discussed the need for risk management and how easy it is for the “good guys” to turn into the “bad guys” and how important it is to turn them back into “good guys.”
Highlight several of the common pitfalls to effective risk management and internal control that many organizations experience and defines and discusses current thinking on risk management and internal control.
- Materiality Matters: Why Don't Companies Have to Disclose Sustainability Risk?
April 28, 2015 - Green Biz
- US: “Pervasive” Pressure Challenges Internal Audit’s Objectivity
March 18, 2015 - Journal of Accountancy
- New Internal Control Standards Deadline Passes Unmarked, for Some
March 3, 2015 - Wall Street Journal CFO Journal
- Nearly One in Three a Financial Fraud Victim: CPA Canada Survey
February 27, 2015 - CPA Canada
Discover More Resources
Types of Resources