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IFAC FOCUS AREAS
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- Developing the Global Profession
- 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
Report reveals how internal auditors around the world are responding to risks, based on the 2015 Global Internal Audit CBOK Survey, the largest survey of internal auditors in the world. Insight was obtained from IT specialists from Africa, Latin America, the Middle East, Europe, Canada, and the United States.
5 Misconceptions Small Business Clients Have about Risk
August 25, 2015 - AICPA Insights
When organizations, particularly small ones, search for ways to minimize risk, there is an opportunity for CPAs to provide value.
This whitepaper, designed to share with your senior management, board, and audit committee, provides five key components that are crucial to cyber preparedness.
Learn how internal audit can take full advantage of technological tools.
Organisations of all types face a seemingly ever increasing array of risks that may affect their strategic success.
Cindy Fornelli (Executive Director, Center for Audit Quality) and Jonathan Foster (Audit Chair, Masonite International Corp.) join TK Kerstetter, host of “Inside America’s Boardrooms” to discuss… “The Risk Oversight Challenge: Who Should Own Cyber Risk? (Part 2).”
Summarises findings from surveys of over 1,300 executives in organisations around the world and provides insights on the current state of enterprise-wide risk oversight, including identified similarities and differences in various regions.
- 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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