01 Sep 2023
Internal Control Over Financial Reporting (ICFR)
By: Ume Onyedikachi. C
Introduction to ICFR
ICFR or ICOFR which stands for internal control of financial reporting refers to internal controls implemented within a company to confront the risks involved in financial reporting. Some of these risks include: The risk of material misstatement, risk of misreporting against standards, ris...