Category: Compliance Services

In today’s regulatory landscape, businesses must maintain strict internal controls to ensure financial accuracy and transparency. Internal Controls over Financial Reporting (ICFR) has become a central part of corporate governance, especially for publicly traded companies. This guide explores the key aspects of ICFR compliance, explains why it matters, and outlines the ICFR audit requirements that businesses must meet to stay compliant.

Introduction In today’s interconnected global economy, businesses often operate across borders through subsidiaries, branches, or joint ventures. This expansion creates complexity in financial reporting, especially when it comes to consolidate financial statements. Preparing consolidated reports is essential for providing a complete, transparent, and accurate view of a company’s financial performance to stakeholders, regulators, and investors. For multinational corporations, consolidation is not