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 31 articles
Fraud Investigations and the SEC: What to Do, What to KnowAwareness and activity in the fight against financial reporting fraud are as strong as ever, thanks in part to proactive efforts like the Anti-Fraud Collaboration. But let's face it—fraud happens, and, sadly, given human nature it always will.
by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | February 14, 2017
A Treasurer’s Perspective: Trends in Risk Management: Part ITo manage financial risk effectively, treasury and professional accountants should collaborate closely to ensure that treasury’s activity in financial markets properly supports the business’ aims.
by James Lockyer, Development Director, Association of Corporate Treasurers | September 19, 2016
News and Resources
There are 606 news/resources
Internal Control-Integrated Framework
Committee of Sponsoring Organizations of the Treadway Commission (COSO) - May 1, 2013
Evaluating and Improving Internal Control in Organizations
IFAC - June 28, 2012
The Strategic Financial Executive: Managing Risk In A Disruptive World
FEI - October 3, 2017
Simple Steps to Boost Cybersecurity
Journal of Accountancy - August 31, 2017
How Accountants Are Out-Hacking the Hackers
ICAS - August 14, 2017
2017 Global Risk Oversight Report
CGMA - July 31, 2017
Auditors Face Evolving Cybersecurity Challenges
ACCA - June 26, 2017
Cyber Security Risks and Incidents: Reassessing Your Disclosure Practices
CPA Canada - June 15, 2017
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