Preparing Future-Ready Professionals
Evaluating and Improving Internal Control in Organizations
International Good Practice Guidance
The Professional Accountants in Business (PAIB) Committee has issued this new International Good Practice Guidance, which highlights areas where the practical application of existing internal control standards and frameworks often fails in many organizations. The new guidance will assist 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. Better integrated internal controls can save the organization time and money while helping to create and preserve value.
An Executive Summary of the report is also available.
Copyright © 2022 The International Federation of Accountants (IFAC). All rights reserved.
Related Resources
- Accountants Enabling the Circular Economy
- Championing an Integrated Mindset to Drive Sustainability and Value Creation
- Engaging with Audit Committees to Support Accountants Addressing New Responsibilities
- Global Priorities for Professional Accountants in Business and the Public Sector
- The Role of Accountants in Mainstreaming Sustainability in Business
