INTERNAL FINANCIAL CONTROLS (IFC)
- Testing of design and operative effectiveness of organisation’s process and entity level controls.
- Help organization transition to a process based approach for financial control compliance, identifying effective ways to appropriately reduce effort through better risk assessment, scoping and use to technology.
- Approach and methodology is oriented towards a consultative and collaborative model, bringing to table good understanding of your industry
- Benefits of IFC include – Definition of clear accountability and Transparency, opportunities to plug leakages, streamlining & standardizing controls and enhancing governance framework.