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 12, 2016
The COSO Exposure Draft on enterprise risk management does not yet live up to its intentions—but could with some changes.
There are 29 articles
Our Return Appearance at IMA’s Conference: Upgrading Risk Management and Internal Control in Your OrganizationSummary of our recent hit presentation on how to upgrade risk management and internal control in your organization, given at IMA’s 2014 Annual Conference.
by J. Stephen McNally, Finance Director and Controller, Campbell Soup Company and Vincent Tophoff, Senior Technical Manager, IFAC | September 15, 2014
IIA Looks to Enhance Its Internal Audit Framework—What Is Your Take?The Institute of Internal Auditors issued an exposure draft on proposed enhancements to its International Professional Practices Framework —we would love to hear your views.
by Vincent Tophoff, Senior Technical Manager, IFAC | August 14, 2014
News and Resources
There are 596 news/resources
Risk Management & Reporting
EY - October 28, 2016
UK Loses £11bn in a Year to Cyber Crime
Economia - October 19, 2016
5 Steps to Strengthen Internal Controls at Small Businesses and Not-for-Profits
CGMA Magazine - October 3, 2016
Cyber Attack Survival Guide
Financial Times - October 3, 2016
Fraud Risk Management Guidance Updated by COSO
Journal of Accountancy - October 3, 2016
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