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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
Examines the pivotal role of the governing body and of senior management and others in developing effective strategic risk management in an institution.
Serves as a guide to thinking about dealing with a cyber-threat and encourages business to move from being reactive to being proactive before it’s too late.
This training course covers the essential elements of cyber security and where to go for help, it is expected to take delegates just one hour to complete.
Presents 10 commandments for an effective internal audit function.
Update your crisis management plan with guidance assistance from The IIA.
Cyber-Security: How Big is Risk to Small Businesses?
October 27, 2014 - CGMA Magazine
Small businesses often lack the resources to maintain a secure IT environment, and may falsely assume hackers only attack large organizations. These steps can help small businesses protect themselves against cyber-risks.
Challenges the value of the ever-expanding multitude of specialist risk management terminology and concepts, which make risk management unnecessary complex and opaque.
- New Report from IFAC Tackles Risk Management
May 19, 2015 - Accounting Web
- IFAC Offers Advice on Risk Management
May 11, 2015 - Accounting Today
- Materiality Matters: Why Don't Companies Have to Disclose Sustainability Risk?
April 28, 2015 - Green Biz
- US: “Pervasive” Pressure Challenges Internal Audit’s Objectivity
March 18, 2015 - Journal of Accountancy
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Types of Resources