Implementation of Internal Financial Controls (IFC)

We assist organizations in designing, implementing, and strengthening Internal Financial Controls to ensure reliable financial reporting, compliance with regulatory requirements, and robust governance. Our approach goes beyond compliance – we help clients build a culture of accountability, transparency, and risk management.

Our IFC services include:

End-to-end process mapping across critical business cycles (Procure-to-Pay, Order-to-Cash, Inventory, Fixed Assets, Payroll, etc.).
Identification of key risks and design of preventive and detective controls.
Development of Risk Control Matrices (RCM) aligned with COSO framework and industry standards.
Implementation support for both automated and manual controls.
Walkthroughs, control testing, and remediation of control gaps.
Guidance on compliance with Section 134(5)(e) of the Companies Act, 2013 and applicable reporting requirements.

With our expertise, organizations achieve stronger governance structures, improved operational efficiency, fraud risk mitigation, and long-term compliance readiness.

At Biznomics, we believe in forging long-term relationships with our clients, built on a foundation of trust, integrity, and excellence.

Implementation of Internal Financial Controls (IFC)

Our IFC services include:

End-to-end process mapping across critical business cycles (Procure-to-Pay, Order-to-Cash, Inventory, Fixed Assets, Payroll, etc.).

Identification of key risks and design of preventive and detective controls.

Development of Risk Control Matrices (RCM) aligned with COSO framework and industry standards.

Implementation support for both automated and manual controls.

Walkthroughs, control testing, and remediation of control gaps.

Guidance on compliance with Section 134(5)(e) of the Companies Act, 2013 and applicable reporting requirements.

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