Wednesday, December 26, 2012

IFAC: Role of Professional Accountants in Business | GLOBAL ACCOUNTANT

IFAC: Role of Professional Accountants in Business | GLOBAL ACCOUNTANT: "The International Federation of Accountants (IFAC), the global organization for the accountancy profession, today issued Policy Position Paper 7, Effective Governance, Risk Management, and Internal Control, to highlight good practice and the role of professional accountants in business.

Integrated and effective governance, risk management, and internal control within a robust ethical culture make an invaluable contribution to achieving sustained organizational success. At the same time, organizations often fail because of poor governance and/or ineffective and disconnected risk management and internal control."

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