Who Needs ICFR? Understanding ICFR Applicability and ICFR Audit Requirements in India
Strong financial governance is no longer optional for modern businesses. Regulatory authorities expect companies to maintain transparent systems that prevent fraud, errors, and financial misstatements. This is where ICFR applicability and ICFR Audit come into focus. For Indian companies, compliance with internal financial control norms is a legal as well as strategic necessity.