What is ICOFR or ICFR?

Q&ACategory: FinancialWhat is ICOFR or ICFR?
Shanab asked 12 months ago
2 Answers
FinMargin answered 11 months ago

ICFR or ICOFR means Internal Control over Financial Reporting. It is related to internal audit controls. It is more like SOX-compliant items focussed on. These controls are important to be monitored else if they fail, then company might fail internal or external controls.

FinMargin answered 11 months ago

ICFR or ICOFR means Internal Control over Financial Reporting. It is related to internal audit controls. It is more like SOX-compliant items focussed on. These controls are important to be monitored else if they fail, then company might fail internal or external controls.

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