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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.
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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
No company is immune from risk and uncertainty, and new approaches are needed to navigate risky environments. Creating a risk challenge culture should be a top priority.
Audit departments of limited size can learn a lot from their larger counterparts, but they have much to teach as well.
Cyber risk experts have begun to work on the assumption that it's impossible to keep networks perfectly free from attack.
The 2015 edition of Information Economy Report examines electronic commerce, and shows in detail how information and communications technologies can be harnessed to support economic growth and sustainable development.
In this presentation (PDF and Podcast) risk management expert Tim Leech argues that an objective centric approach is recommended in order for enterprise risk management to really become Board & C-Suite Driven.
This toolkit uses the COSO Framework to provide guidance for audit committees to achieve effective internal control over financial reporting.
PwC’s annual survey results suggest that external drivers of change are influencing how internal audit should evolve to maintain its relevance.
- 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
- Hong Kong: Demand for Accountancy and Risk Management Professionals on the Rise
April 18, 2016 - Staffing Industry Analysts
- Four Cybersecurity Pitfalls to Avoid
April 1, 2016 - AICPA Insights
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Types of Resources