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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.
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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
Interview with Vincent Tophoff on the topic of transforming risk management from being bolt-on to built-in.
Based on extensive research of ICA practices in a wide range of companies, Deloitte has identified a set of leading practices for each component of this framework in this new report.
ISO 31000: Risk Management–A Practical Guide for SMEs
January 21, 2016 - ISO
This is designed to be used alongside ISO 31000, this handbook provides indepth guidance for SMEs looking to improve their risk management practices.
CFO's top 10 cyber security stories from 2015.
This examines where IT audit functions stand in their capabilities to help management and the board of directors address these complex issues.
Cybersecurity and the Role of Internal Audit: An Urgent Call to Action
December 16, 2015 - Deloitte
This report offers insights into internal audit’s role as the third line of cyber defense and outlines a cybersecurity assessment framework built on Deloitte Advisory’s Secure.Vigilant.Resilient.™ approach.
RiskStudio is a bi-monthly podcast on risk management topics where experts share their insights with practical examples to understand the covered topic.
- Call for Clarity on Use of Aid Cash in Public-Private Development Schemes
November 18, 2016 - Public Finance International
- New Path for CPAs in Cyber Risk Management
November 11, 2016 - Journal of Accountancy
- Blockchain Technology: Everything You Need to Know
November 11, 2016 - In the Black
- Cybercriminals Eagle Eye the Accounting Profession
November 7, 2016 - Accounting Web
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