Presentation by IFAC Board member Abdeljelil Bouraoui to the Institute of Chartered Accountants of India's International Conference

1. Essence of Audit Quality:
Governance Tool
Jelil Bouraoui
Board Member, IFAC
ICAI International Conference
Chennai, India
January 8, 2012
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2. Drivers of Sustainable Organizational Success
Customer and Stakeholder Focus
Sustainable Organizational
Effective Leadership and Strategy
Integrated Governance, Risk and Control
Success
Innovation and Adaptability
Financial Management
People and Talent Management
Operational Excellence
Effective and Transparent Communication
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3. Governance in Organizations
• Performance responsibilities
(a) focus on opportunities and
risks, strategy, value creation,
and resource utilization, (b)
guide an organization’s decision-
making.
• Conformance responsibilities
include compliance with laws
and regulations, best practice
governance codes,
accountability, and the provision
of assurances to stakeholders in
general.
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4. The Roles Professional Accountants Can Play in
Organizations
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5. IFAC’s participation in international governance
initiatives
a. IFAC/UNCTAD collaboration on governance
b. OECD
c. IFAC’s G20 recommendations
d. COSO Internal Control Integrated Framework
e. ISO 31000 (risk management)
f. CIPFA
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6. IFAC Guidance and Information on Governance
a. Evaluating and Improving Governance in Organizations
b. Sustainability Framework
c. Code of Conduct for Organizations
d. Code of Ethics for Professional Accountants
e. International Standards on Auditing
f. Governance in the Public and not-for-profit Sector
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7. Thank You
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