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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
Governance, Risk Management, and Internal Control in the Public Sector
January 20, 2015 - IFAC
IFAC Senior Technical Manager Vincent Tophoff was invited to give a presentation on risk management and internal control in the public sector to the US Interagency Council on Enterprise Risk Management at the White House Conference Center in Washington, DC. The audience was comprised of risk management and internal control managers throughout the various US federal departments and agencies, including the US Treasury and the Office of Management and Budget.
Provides direction on how the Internal Control-Integrated Framework (2013) and the Enterprise Risk Management-Integrated Framework (2004) can help organizations effectively and efficiently evaluate and manage cyber risks.
How to Protect against the 9 Most Common Cyber-Attacks
January 14, 2015 - CGMA Magazine
The 9 most common kinds of cyber-attacks–and how to prevent them
“There is no doubt in my mind that we will get to a safer and more secure digital world.” So said Jeff Spivey, president, Security Risk Management, in his presentation at The IIA’s 2014 All Star Conference. How that will happen is up for grabs, but Spivey offers some insight on what it will take to get there.
This report examines how the quality and value of risk reporting can be improved. It reviews current practice in risk reporting, the barriers to better risk reporting, the wishes of users, and the concerns of preparers.
Provides scoping and assessment ideas, approaches and guidance in support of the IT-related Committee of Sponsoring Organizations of the Treadway Commission’s (COSO) revised internal control objectives for financial reporting.
This report endeavours to measure, and to describe, transnational corruption based on data from the 427 foreign bribery cases that have been concluded since the entry into force of the OECD Anti-Bribery Convention in 1999.
- 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
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