IFC, ICFR, SOX Compliance Advisory & Testing
IFC, ICFR, SOX Compliance Advisory & Testing
Internal Financial Controls (IFC), Internal Controls over Financial Reporting (ICFR), and Sarbanes-Oxley (SOX) compliance are critical frameworks that ensure financial statements are accurate, reliable, and free from material misstatement. These controls help protect organizations against fraud, errors, and regulatory non-compliance.
Independent advisory and testing services provide management, boards, and regulators with assurance that these control frameworks are properly designed, effectively implemented, and operating as intended. They also assist organizations in meeting statutory requirements under the Companies Act in India and adhering to global compliance standards.
About This Service
Our IFC, ICFR, and SOX compliance services assist organizations in strengthening governance by testing and validating financial control frameworks. We design, implement, and independently evaluate control systems to ensure adherence to statutory requirements and international standards.
We work with management to map processes, identify risks, and develop control matrices in line with COSO and PCAOB frameworks. Our testing covers both the design and operating effectiveness of controls, ensuring robust and reliable financial reporting.
For SOX compliance, we support multinational clients with Section 404 readiness, gap assessments, remediation planning, and management certifications. This enables global organizations to maintain investor confidence and meet regulatory obligations.
By providing independent assurance, we help companies not only achieve compliance but also improve 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 enhance financial reporting and governance
Independent assurance for regulators, boards, and investors
- Internal Audits & Risk Advisory
- Process-based Internal Audits
- IFC, ICFR, SOX Compliance Advisory & Testing
- Standard Operating Procedure (SOP) & Risk Control Matrix (RCM) Development
- IT System & ITGC Reviews
- Business Continuity & Disaster Recovery Review
- Risk Heat Mapping & Remediation Planning
- Internal Financial Controls Implementation & Monitoring
- Process Improvement/ Cost reduction studies
- Automation of Selected Processes
- Get Trusted Advice
