Internal Control Over Financial Reporting (ICFR)

Assuring the accuracy of your financial records

An efficient Internal Control framework ensures orderly and efficient conduct of business. A proper system of internal controls can safeguard your interests by detecting possible risks of fraud and mapping out risks throughout the value chain. Periodic internal control reviews can also evaluate compliance with company policies and procedures.

The ICFR team at MBG Corporate Services can identify policies that are not effectively designed and provide expert guidance on ways to improve your operations.

Our team of experts can help you verify the accuracy and completeness of your accounting records, and thereby achieve the timely preparation of reliable financial information.

Furthermore, we provide you with a detailed report that gives you an overview of the effectiveness of your existing Internal Control framework. We identify controls that are not designed effectively and put forward suggestions for improving them.

Our ICFR services include:
  • Drafting a risk-control matrix which includes controls, objectives, risks, etc.
  • Testing of controls as per the structured sampling methodology
  • Planning remediation for the cases wherein controls are failing

What can we help you achieve?

Stay one step ahead in a rapidly changing world and build a sustainable future with us.

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Internal Audit

Standard Operating Procedure (SOP)

Fraud Investigation & Forensic Audit

Consolidation and Reporting

Enterprise Risk Management

Anti-Money Laundering

Anti-Bribery Compliance

Business Continuity Planning (BCP)

Account Reconciliation