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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
Illustrates how Massachusetts Mutual Life Insurance Co. developed a framework to work through the company’s ongoing strategy and financial planning and analysis.
Summarises findings from recent surveys of over 1,300 executives in organisations and provides insights on the current state of enterprise-wide risk oversight.
3 Ways Accountants Can Use Big Data to Fight Fraud
June 15, 2015 - Accounting Web
Accountants can leverage big data to help combat fraud and possibly fraudulent activities.
Identifies critical elements of the CFO’s role in protecting his/her organization from cyberattacks, as well as practical recommendations for establishing an effective cybersecurity program.
Explores the case for the appointment of a senior risk leader to support the board and to manage today’s and tomorrow’s risk agenda. An accompanying toolkit helps boards think more deeply about establishing a dedicated risk leadership role.
Resource that can be used by audit committees or those charged with governance around the globe.
Argues that people could have better outcomes if they formulate a strategy while anticipating the behavior of others.
- Deloitte CFO Insights: Facing (and Embracing) Strategic Risks
February 3, 2016 - CFO Innovation
- Role of Internal Auditor in Internal Control System of Companies
January 27, 2016 - Financial Express
- COSO-Guided Cybersecurity: Risk Assessment
January 27, 2016 - Wall Street Journal Risk & Compliance Journal
- Forensic Data Analytics and the Human Factor
January 25, 2016 - The Accountant
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Types of Resources