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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.
|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. Read More
by Vincent Tophoff, Senior Technical Manager, IFAC | February 12, 2015 |
RIMS, the risk management society, is asking professional accountants to respond to a survey on risk management trends. Read More
COSO is updating its Enterprise Risk Management Integrated Framework from 2004; IFAC is participating in the update and would love to hear your ideas and suggestions. Read More
Cyber security is as much a technical issue as a behavioral issue. People and their motivations are behind every threat but people also make or break the lines of defense. Read More
The Next Step–Resilience
by Bill Schneider, CPA, CGMA, Director of Accounting, Corporate Accounting Policy, and Executive Compensation Accounting, AT&T | September 30, 2014 |
Your organization’s survival could be tied to its capacity for resilience. Read More
Our Return Appearance at IMA’s Conference: Upgrading Risk Management and Internal Control in Your Organization
by J. Stephen McNally, Finance Director and Controller, Campbell Soup Company and Vincent Tophoff, Senior Technical Manager, IFAC | September 15, 2014 |
Summary of our recent hit presentation on how to upgrade risk management and internal control in your organization, given at IMA’s 2014 Annual Conference. Read More
- 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
- It’s the Year 2020…How’s Your Cybersecurity?
May 3, 2016 - The Conversation
- A.T. Kearney Issues “Pragmatic Approach to Supply Risk Management” Study
April 29, 2016 - Supply Chain Management Review
- Internal Control-Integrated Framework
May 1, 2013 - Committee of Sponsoring Organizations of the Treadway Commission (COSO)
- Evaluating and Improving Internal Control in Organizations
June 28, 2012 - IFAC
- Evaluating and Improving Governance in Organizations
January 31, 2009 - IFAC
- Defining and Developing an Effective Code of Conduct for Organizations
May 31, 2007 - IFAC