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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 | October 24, 2014 |
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
IIA Looks to Enhance Its Internal Audit Framework—What Is Your Take?
by Vincent Tophoff, Senior Technical Manager, IFAC | August 14, 2014 |
The Institute of Internal Auditors issued an exposure draft on proposed enhancements to its International Professional Practices Framework—we would love to hear your views. Read More
How to Manage Risk More Effectively—Make it Part of How You Manage
by Grant Purdy, Associate Director, Broadleaf | July 3, 2014 |
Managing risk is already a natural part of how people make decisions and execute them; risk management is already “integrated”. Risk management tools and processes should be adapted to suit the needs of the decision makers and their existing approaches to decision making rather than the other way around. Read More
- Homeland Security Websites Vulnerable to Cyber Attack: Audit
September 18, 2015 - Reuters
- ICAI Issues Guidance Note for Internal Financial Controls
September 16, 2015 - Economic Times
- US Survey: 60% of Boards Want Increased Risk Management Oversight by Senior Management Teams
September 15, 2015 - American Institute of CPAs
- 5 Ways Not-for-Profits Can Detect and Prevent Fraud
September 15, 2015 - AICPA Insights
- 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