IFC, ICFR, SOX Compliance Advisory & Testing
Internal Financial Controls (IFC), Internal Controls over Financial Reporting (ICFR), and Sarbanes-Oxley (SOX) compliance are essential frameworks that ensure financial statements are accurate, reliable, and free from material misstatement. These control systems protect organizations from fraud, errors, and regulatory breaches.
Independent advisory and testing provide management, boards, and regulators with assurance that control frameworks are effectively designed, implemented, and operating. They also help organizations align with statutory obligations in India under the Companies Act and global compliance expectations.
About This Service
Our IFC, ICFR, and SOX compliance services help organizations strengthen governance by testing and validating financial control frameworks. We design, implement, and independently evaluate control systems to ensure they meet statutory and international requirements.
We support management in mapping processes, identifying risks, and developing control matrices aligned with COSO and PCAOB frameworks. Our testing methodology covers both design and operating effectiveness, ensuring robust financial reporting.
For SOX compliance, we assist multinational clients with Section 404 readiness, gap assessments, remediation planning, and management certifications. This enables global organizations to maintain investor confidence and regulatory alignment.
By providing independent assurance, we help companies not only meet compliance but also enhance risk management, process efficiency, and stakeholder trust.
Key Features / Scope of Work
- Advisory on IFC/ICFR framework implementation as per Companies Act.
- SOX Section 404 readiness, compliance testing, and certifications.
- Risk and control mapping aligned with COSO and PCAOB standards.
- Testing of design and operating effectiveness of controls.
- Gap assessments and remediation planning.
- Support in management certifications and audit committee reporting.
- Recommendations to strengthen financial reporting and governance.
- Independent assurance for regulators, boards, and investors.
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