What is ICOFR or ICFR?

Q&A › Category: Financial › What is ICOFR or ICFR?
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Shanab asked 5 months ago
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FinMargin answered 5 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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FinMargin answered 5 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.