IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- 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. See the full overview.
by Vincent Tophoff, Senior Technical Manager, IFAC | October 12, 2016
The COSO Exposure Draft on enterprise risk management does not yet live up to its intentions—but could with some changes.
There are 35 articles
New Guidance Allows Rapid Evaluation of Risk ManagementNew guide supports those responsible for overseeing risk management by taking a broader perspective and encouraging more integral methods.
by Vincent Tophoff, Senior Technical Manager, IFAC | August 17, 2016
Integrating Management of Risk into Decision Making: Focusing on Risk and ControlWhen the IFAC Professional Accountants in Business Committee met in March, it focused a great deal on risk management, and what IFAC should focus on within this important topic.
by Vincent Tophoff, Senior Technical Manager, IFAC | July 6, 2016
Digital Currencies: Where to from Here?The most popular of the digital currencies, Bitcoin, was launched in 2008 by the mysterious “Satoshi Nakamoto” to provide an alternative payment system that was instantaneous, inexpensive, and secure. There is no doubt that Bitcoin is
by Lee White, Chief Executive Officer, Chartered Accountants Australia and New Zealand | May 3, 2016
Creating the "Anticipatory" AccountantAccountants must become more "anticipatory" if they want to be ready to tackle new opportunities in the future, says Tom Hood, Executive Director and CEO of the Maryland Association of CPAs.
by Tom Hood, Executive Director & CEO, Maryland Institute of CPAs | January 6, 2016
News and Resources
There are 616 news/resources
Auditors Face Evolving Cybersecurity Challenges
ACCA - June 26, 2017
Cyber Security Risks and Incidents: Reassessing Your Disclosure Practices
CPA Canada - June 15, 2017
Seven Ways to Protect Your Firm from Cyber Attacks
ICAS - June 12, 2017
Forbes Insights Survey: Taking Aim at Value
Deloitte - June 5, 2017
Seven Cyber Threats to CAs
ICAS - May 12, 2017
The Risk-Crisis Continuum
CAM-I - May 1, 2017
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