IFAC publications and guidance
Evaluating and Improving Internal Control in Organizations: Executive Summary. This executive summary of Evaluating and Improving Internal Control in Organizations summarises the principles and the importance of effective systems of internal control, as well as explains some of the pitfalls that can be avoided.
Evaluating and Improving Internal Control in Organizations. Highlights areas where the practical application of existing internal control standards and frameworks often fails in many organisations.
The guidance will assist professional accountants in business as they work with their organisations to continuously evaluate and improve internal control, and ensure that it is an integrated part of the organisation’s systems of governance and risk management. Better integrated internal controls can save the organisation time and money while helping to create and preserve value.