Internal Financial Controls are a system of checks and balances implemented within an organization to ensure the accuracy and reliability of financial reporting. They encompass a wide range of activities, including segregation of duties, authorizations, approvals, reconciliations, and reviews. IFCs are tailored to the specific needs of an organization and are essential in minimizing financial risks and enhancing transparency.

Internal Financial Controls (IFC) play a pivotal role in maintaining the financial integrity and stability of organizations. They are a set of procedures, processes, and policies designed to safeguard assets, prevent fraud, and ensure accurate financial reporting. In this webinar, we will explore the significance of Internal Financial Controls and their benefits for businesses.

SPEAKER

Rita Shewakramani

EVP - Internal Audit and Risk Advisory

RiskPro India