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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
5 Ways CPAs Can Add Value in the Event of a Cybersecurity Attack
September 16, 2015 - AICPA Insights
CPAs are well equipped to strengthen the process and evaluate cybersecurity risks.
This report will help readers benchmark their department’s activities and team skill levels with those of other organizations in their regions and around the world.
This report provides insights from thought leadership in the industry and findings from the 2015 Global Internal Audit Common Body of Knowledge Practitioner Survey, the largest survey of internal auditors in the world.
This SMA provides board members, corporate executives, and the risk, compliance, and audit professionals who support them, with a set of guidelines, best practices, and practical examples for developing and implementing an effective risk appetite statement framework.
Cybercriminals have shown what it takes to operate effectively, so let’s turn their weapons of technology, cooperation and agility against them, says Alister Shepherd.
Securing Your Business against Privacy Issues and Security Breaches
September 3, 2015 - CPA Canada
This toolkit is intended to help busy professionals address the privacy and data security issues within their organizations with practical information and good practices.
Steps to consider as you develop a cybersecurity response plan.
- Cybersecurity Startups Set for Surge
June 8, 2016 - Forbes
- Sharpening the Board’s Role in Cyber-Risk Oversight
June 6, 2016 - Risk & Compliance Journal
- G-7 Nations Race to Bolster Security against Cyberattacks in Finance
May 23, 2016 - Wall Street Journal
- Good Internal Control Can Help Reduce Audit Fees
May 5, 2016 - FEI Daily
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