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Internal Control over Financial Reporting

Internal Control over Financial Reporting (ICFR) is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

Areas covered under Internal Control over Financial Reporting:

  • Development of Standard Operating Procedures (SOPs)

  • Periodical review of financial position and reporting thereof.

  •  Advisory on various statutory requirements connected to the enterprises, etc.

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