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IFAC FOCUS AREAS
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- Developing the Global Profession
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- Professional Accountants in Business
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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
You are now viewing all "Chartered Global Management Accountant (CGMA)" resources. View All Risk Management & Internal Control Resources
Assists management, boards of directors, external stakeholders, and others interacting with the entity by providing both understanding of what constitutes a system of internal control and insight into when internal control is being applied effectively.
Evaluating and Improving Internal Control in Organizations
June 28, 2012 - IFAC
Highlights areas where the practical application of existing internal control standards and frameworks often fails in many organizations. The guidance assists professional accountants in business as they work with their organizations to continuously evaluate and improve internal control, and ensure that it is an integrated part of the organization's systems of governance and risk management.
Evaluating and Improving Governance in Organizations
January 31, 2009 - IFAC
Includes a framework-consisting of a series of fundamental principles, supporting guidance, and references-for how professional accountants can contribute to evaluating and improving governance in organizations.
Provides principles-based guidance to assist professional accountants and their organizations in developing and implementing a code of conduct in a values-based culture.
This article provides practical insights on doing so, including how to gain support from those who are resistant to change.
This simple strategy can help you create strong passwords that are easy to remember.
Examines five key areas AC members should focus on prior to their next audit—IT risk, regulatory change and management, globalization, the annual external reporting suite, and internal evaluation and controls.
- 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
- New Internal Control Standards Deadline Passes Unmarked, for Some
March 3, 2015 - Wall Street Journal CFO Journal
- Nearly One in Three a Financial Fraud Victim: CPA Canada Survey
February 27, 2015 - CPA Canada
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