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 621 articles
External Assurance on Non-Financial Information: Providing ConfidenceHow do professional accountants respond to the growing demand for assurance on non-financial information (NFI)—Accountancy Europe‘s latest publication sets out the context for NFI reporting and assurance and discusses the role of the accountancy...
by Noémi Robert, Senior Manager, Accountancy Europe & Vita Ramanauskaité, Advisor, Accountancy Europe | November 20, 2017
Internal Controls and Sustainability Data: Closing the Confidence Gap in the Quest for ValueThe calls for increased use of sustainability data to drive and communicate enterprise value are not going away [enterprise value can also be loosely referred to as non-financial, balanced scorecard, performance dashboard, environmental, social,...
by Jeffrey C. Thomson, CMA, CAE, IMA President and CEO | November 20, 2017
What Can the Asian Profession Learn from the 2016 IFAC Global SMP Survey?How do the survey results for one region compare to the global view—and what can professional accountancy organizations learn?
by Johnny Yong, Technical Manager, Global Accountancy Profession Support, IFAC and Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | November 20, 2017
Blockchain, AI, and AccountingBlockchain technology, although most well-known for cryptocurrencies such as Bitcoin, is forecasted to have wide-ranging implications for how data is secured, transmitted, and protected—in addition, the rise of artificial intelligence (AI), and...
by Dr. Sean Stein Smith DBA, CMA, CPA, CGMA, CFE, Assistant Professor of Professional Practice, Rutgers University | November 20, 2017
Root Cause Analysis Is Transforming Audit QualityRoot Cause Analysis is a process for identifying the causes of problems or events in order to prevent them from recurring—it is based on the idea that effective management requires more than putting out fires for problems that develop, but...
by Jonathan Batchelor, Managing Director, Europe - Middle East - Africa (EMEA), Sologic | November 6, 2017
News and Resources
There are 9745 news/resources
Upcoming Event: Corporate Reporting: Is It Heading in the Right Direction?
ICAEW - November 20, 2017
The “NOCLAR” Debate
Audit Conduct - November 20, 2017
The Natural Capital Protocol from the Natural Capital Coalition
Natural Capital Coalition - November 17, 2017
Natural Capital Protocol Toolkit
Natural Capital Coalition - November 17, 2017
Social Capital Protocol by World Business Council for Sustainable Development
Social Capital Protocol by wbcsd - November 17, 2017
Assurance: Generating Value from External Assurance of Sustainability Reporting
World Business Council for Sustainable Development - November 17, 2017
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