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IFAC FOCUS AREAS
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- Global Representation and Advocacy
- Professional Accountants in Business
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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.
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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
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Evaluating and Improving Internal Control in Organizations
June 28, 2012 - IFAC
Highlights areas where the practical application of existing internal control standards and frameworks often fail in many organizations and assists professional accountants in business to continuously evaluate and improve internal control, and ensure that it is integrated into governance and risk management.
Provides principles-based guidance to assist professional accountants and their organizations in developing and implementing a code of conduct in a values-based culture.
This paper, “International Cybersecurity, Data and Technology Principles,” offers thoughts on foundational principles for the formation of effective policy on cybersecurity, data and technology.
This toolkit will help you to better assess your organization's security risks, develop a security policy, educate employees about privacy and comply with Canadian privacy legislation.
Understanding Cybersecurity and the External Audit
February 2, 2016 - Center for Audit Quality
This resource explains that role in two important contexts: the audits of financial statements and internal control over financial reporting (where applicable) and disclosures.
ISO 31000: Risk Management–A Practical Guide for SMEs
January 21, 2016 - ISO
This is designed to be used alongside ISO 31000, this handbook provides indepth guidance for SMEs looking to improve their risk management practices.
CIPFA has developed an interactive Assessment Tool, designed to help public sector organisations measure their counter-fraud arrangements against the Code of Practice on Managing the Risk of Fraud and Corruption.
- 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
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