WEBINAR OVERVIEW
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 IFC and ICFR - while IFC sets the rules for how financial information should be reported, ICFR ensures that these rules are implemented effectively through internal controls to maintain the accuracy and reliability of financial statements.
SPEAKER
Rita Shewakramani
EVP (Risk Advisory)
Riskpro India