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 Rodney Irwin, Managing Director of Redefining Value and Education, World Business Council for Sustainable Development | May 4, 2018
Companies who understand and manage their risks fair better in the global economy and at home—in many cases, they attract better employees and better investments, which often translate into growth and sustained success.
There are 47 articles
Firm Business Continuity Planning and Risk Mitigation StrategiesThe importance of establishing a business continuity plan and risk mitigation strategies to prepare in case of death, loss or injury of a partner.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Monica Foerster, Chair, IFAC SMP Committee | September 2, 2019
Risk Management Helps Leaders Master UncertaintyTo help accountants and others lead and be proactively involved in ERM, it is important to understand the concepts and processes in risk management standards that can be put into place to deal with context risk.
by Robert B. Pojasek, Ph.D., Senior Strategist, Strategic Impact Partners | September 2, 2019
Ten Steps to Successful Firm Risk ManagementSuccessful risk management for firms is essential to future success. Key steps focus on recruitment, training, delegation, effective systems and management of clients and technology.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Monica Foerster, Chair, IFAC SMP Committee | August 12, 2019
Eight Steps to Establish a Firm Risk Management ProgramEstablishing a risk management program and culture is critical to the future success of all firms. Key steps include risk identification, analysis, evaluation, management and monitoring.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Monica Foerster, Chair, IFAC SMP Committee | July 21, 2019
Accountants Enabling Effective Enterprise Risk ManagementThe recent IFAC report Enabling the Accountant's Role in Effective Enterprise Risk Management (ERM) highlighted the importance of risk management being a core competency for accountants—for CFOs and finance teams, ERM provides a platform for...
by Stathis Gould, Deputy Director, Professional Accountants in Business, IFAC | May 6, 2019
News and Resources
There are 584 news/resources
Enabling the Accountant's Role in Effective Enterprise Risk Management
IFAC - January 7, 2019
Upcoming Webinar: Managing Cybersecurity Risk - How to Get Started
CPA Canada - September 3, 2019
Cyber and the CFO
ACCA - July 8, 2019
Taking Control of Cyber Risk
AIG, Board Agenda - May 13, 2019
Risk and Performance: Embedding Risk Management
ACCA - May 13, 2019
The Global Risks Report 2018
World Economic Forum - January 8, 2019
ISO 31000: 2018
International Organization for Standardization - January 7, 2019
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