IFAC AND HA FOCUS ON CORPORATE GOVERNANCE

摘要

The International Federation of Accountants (IFAC) and the Institute of International Auditors (llA) have signed a strategic agreement to work together to develop risk management and internal controls to enhance governance and restore confidence in business reporting in both the private and public sector. The Memorandum of Understanding (Moll) outlines a plan for collaboration and resource sharing. The key three elements to encourage reliable financial management and reporting include:1. implementation of international auditing and accounting standards;2. strong risk management practices, including the design and implementation of effective and efficient internal controls; and 3. an effective governance process.