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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.
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The recent financial and economic crises exposed many corporate governance weaknesses—but, at the same time, they created momentum for change. Effective governance encourages better organizational decision-making, accountability, and robust scrutiny of organizational performance. Accountants are in an excellent position to ensure that governance is integrated into the very DNA of their organizations, which has been identified as critical to its effectiveness. Read More
by Vincent Tophoff, Senior Technical Manager, IFAC | October 5, 2015 |
The Basel Committee on Banking Supervision recently published a revised version of its corporate governance principles for banks, which incorporated some of IFAC’s recommendations but changed very little following the consultation period. Read More
The Necessary Variables for Audit Quality, Including Joint Responsibility
by Alan Johnson, Non-Executive Director, Jerónimo Martins, and IFAC’s Professional Accountants in Business Committee Member | August 27, 2015 |
Audit quality is the responsibility of more than “only” the auditor and there are key factors at play throughout the financial reporting chain. Read More
Good corporate governance is important for organizations of all sizes and some of the most significant gains are to be had by SMEs. Read More
Public Sector Governance at Work: Chileans Zooming In on How their Taxes Are Spent
by Vincent Tophoff, Senior Technical Manager, IFAC | April 22, 2015 |
Good governance in the public sector in action! A web portal from the Chilean Supreme Audit Institution allows citizens to evaluate public services and the associated use of public resources. Read More
Basel Principles on Enhancing Corporate Governance—Will Revisions Be Enough to Invoke True Change?
by Vincent Tophoff, Senior Technical Manager, IFAC | April 1, 2015 |
The Basel Committee on Banking Supervision recently proposed enhancements to its corporate governance principles—are the changes enough to make a difference and avoid future crises and organizational failures? Read More
- IFAC Study Shows Accountancy Strongly Linked to Prosperity, Improved Living Standards
November 12, 2015 - IFAC
- SL Businesses Urged to Practice Good Governance: IFAC President
August 3, 2015 - Hiru Business News
- Sri Lanka: Some Aspects of Corporate Governance
July 6, 2015 - The Island
- Mauritius: Prime Minister Reiterates His Commitment towards Good Governance
May 14, 2015 - AllAfrica.com
- International Framework: Good Governance in the Public Sector, Executive Summary
July 2, 2014 - IFAC, Chartered Institute of Public Finance and Accountancy
- Evaluating and Improving Governance in Organizations
January 31, 2009 - IFAC
- Defining and Developing an Effective Code of Conduct for Organizations
May 31, 2007 - IFAC
- Principles of Corporate Governance
January 27, 2004 - Organisation for Economic Co-operation and Development