Professional accountants in business are diverse, working in commerce, industry, financial services, education, and the public and not-for-profit sectors as employees or advisers. Many are in a position of strategic or functional leadership or otherwise well-placed to collaborate with colleagues in other disciplines and help drive their organizations’ sustainable success.
Professional accountants support their organizations in a wide range of job functions, including leadership and management; operational; management accounting and control; and accounting and stakeholder communications.
Global Knowledge Gateway
Have you visited the Global Knowledge Gateway, your portal to global accountancy knowledge, resources, and news? The Gateway is a digital hub hosted by IFAC for the global accountancy profession providing a streamlined access to key resources, news, views, discussions, and thought leadership from around the world. Topics include: business reporting, ethics, financial leadership & development, governance, performance & financial management, sustainability, and risk management and internal control.
From Bolt-on to Built-in: Managing Risk as an Integral Part of Managing an Organization
Effective management of risk helps organizations achieve their objectives, while complying with legal, regulatory, and societal expectations, and enables them to better respond and adapt to surprises and disruptions. This paper argues that the management of risk as an indispensable and integral part of decision making and subsequent execution in order for boards and management to ensure their organization makes the best decisions and achieves its objectives.
International Framework: Good Governance in the Public Sector
Developed by IFAC and the Chartered Institute of Public Finance and Accountancy (CIPFA), the Framework helps improve and support effective public sector governance and management of public sector organizations through improved decision making and the efficient use of resources. Enhanced stakeholder engagement, robust scrutiny, and oversight of those charged with primary responsibility for determining an entity’s strategic direction, operations, and accountability leads to more effective interventions and better outcomes for the public at large.