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 30, 2017
The Committee of Sponsoring Organizations of the Treadway Commission (COSO)’s newly updated Enterprise Risk Management Framework takes important steps toward ensuring risk is managed as an integrated part of managing an organization.
There are 40 articles
Better Risk Management: It’s about SurvivalCompanies who understand and manage their risks fair better in the global economy and at home—in many cases, they attract better employees and better investments, which often translate into growth and sustained success.
by Rodney Irwin, Managing Director of Redefining Value and Education, World Business Council for Sustainable Development | May 4, 2018
Revised ISO 31000 Risk Management Standard: Still a Good Reference but Not Substantially ImprovedEarlier this year, the International Organization for Standardization (ISO) issued the revised standard ISO 31000 - Risk management, which provides principles, framework and a process for managing risk in any organization regardless of its size,...
by Vincent Tophoff, Senior Technical Manager, IFAC | March 14, 2018
Cybersecurity: Eyes Wide OpenCyber theft is evolving and assailants are continuously looking for new and creative ways to monetize data.
by Steve Ursillo, Jr., Partner, Risk Assurance & Advisory and National Leader: Information Assurance & Cybersecurity at Cherry Bekaert | February 12, 2018
How Can the New ERM Framework Help You?The updated COSO ERM framework focuses on five elements of good ERM, which guides businesses in developing a strategy that ultimately helps them reach their mission and vision.
by Patrick J. Stroh, Institute of Management Accountants Global Board Member and President, Business Strategy Innovation at Mercuiry Business Advisors | February 12, 2018
Confidence in Non-Financial Information Next FrontierA lack of confidence in non-financial information is hindering its utility for users assessing an organization’s performance and potential for long term value creation—using their knowledge of management and process control, professional...
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | November 28, 2017
News and Resources
There are 623 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
ICAEW Issues GDPR Guidance for Accountants
ICAEW - May 16, 2018
5 Smart Ways to Protect Your Business from Cyber Attacks
YFS Magazine - April 23, 2018
How Board Members Can Perform Oversight of Cybersecurity Risks
Journal of Accountancy - April 20, 2018
Cybersecurity Risk Management Oversight: A Tool for Board Members
Center for Audit Quality - April 12, 2018
5 Risk Management Mistakes and Ways to Address Them
AICPA - April 9, 2018
Pulling Fraud Out of the Shadows
PwC - March 26, 2018
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