INTERNAL CONTROLS OVER FINANCIAL REPORTING
Internal controls include processes in a company that ensure that the company’s policies are complied with. Internal Controls over Financial Reporting enhances the reliability of the financial statement by reducing the risk of material errors or misstatements. Effective internal control reduces the risk of asset loss, helps in the prevention or timely detection of unauthorised acquisition, use, or disposition of the company’s assets and ensures that financial operations are conducted in accordance with the applicable laws and regulations.
LetsComply provides ICFR services to startups, SMEs and entrepreneurs that include laying down the risk control matrix, reviewing the internal financial control system of the business, segregating the financial control, periodic monitoring of implementation plan, develop remedial plans and much more.
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