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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
Counter-intelligence techniques may help firms protect themselves against cyber-attacks.
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.
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.
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).”
- IFAC Study Shows Accountancy Strongly Linked to Prosperity, Improved Living Standards
November 12, 2015 - IFAC
- Everything the Finance Exec Needs to Know about Cyber Security
October 8, 2015 - CFO.com
- 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
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