Internal Financial Controls Implementation & Monitoring

Our IFC implementation and monitoring services offer end-to-end support to organizations in designing, executing, and sustaining robust financial control systems. We assist in mapping risks to processes, identifying control gaps, and developing control frameworks tailored to organizational needs.

We help document processes, design control points, and prepare Risk Control Matrices (RCMs) to ensure statutory compliance and operational effectiveness. Our approach is aligned with globally recognized frameworks such as COSO.

Beyond implementation, we provide ongoing monitoring to test the operating effectiveness of controls, ensuring they remain relevant amid organizational or regulatory changes. This enables companies to proactively address weaknesses and prevent compliance lapses.

Through our services, boards and audit committees receive independent assurance on the adequacy of financial controls, strengthening governance and fostering a culture of accountability throughout the organization.

Key Features / Scope of Work

• Risk and control mapping across financial and operational processes

• Design and implementation of internal financial control frameworks

• Documentation of SOPs, RCMs, and governance protocols

• Testing of control design and operating effectiveness

• Alignment with Companies Act, COSO, and ICAI requirements

• Continuous monitoring and remediation of control weaknesses

• Independent assurance to boards, audit committees, and regulators

• Strengthening governance and accountability across the organization