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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.
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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
This video discusses why accountants should pay more attention to cybersecurity and how to get clients and other members of the firm involved in protecting their business.
This list tools used by management accountants and outline how they can benefit the majority of organizations, regardless of size or sector.
This report examines the growing threat to businesses and the problems lawmakers have because of the pace of technological evolution.
New generation of tools for assessing companies' "cyber hygiene" may lower the risk of data breaches.
Financial Literacy Essential to Waging War on Fraud
February 4, 2016 - CPA Canada
CPA Canada’s Cairine Wilson discusses the importance of having the knowledge and confidence to protect yourself against fraud.
Interview with Vincent Tophoff on the topic of transforming risk management from being bolt-on to built-in.
Understanding Cybersecurity and the External Audit
February 2, 2016 - Center for Audit Quality
This resource explains that role in two important contexts: the audits of financial statements and internal control over financial reporting (where applicable) and disclosures.
- Cybersecurity Startups Set for Surge
June 8, 2016 - Forbes
- Sharpening the Board’s Role in Cyber-Risk Oversight
June 6, 2016 - Risk & Compliance Journal
- G-7 Nations Race to Bolster Security against Cyberattacks in Finance
May 23, 2016 - Wall Street Journal
- Good Internal Control Can Help Reduce Audit Fees
May 5, 2016 - FEI Daily
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Types of Resources