AAurum Vista.
Audit · Statutory

IFC / ICFR

Most IFC failures are documentation failures. We build a control library you can defend to your auditor — and use to onboard new processes.

12–18
Processes documented (avg)
Goal: 100%
Material weaknesses identified pre-audit

Applies to

  • ·Listed companies (mandatory)
  • ·Unlisted companies > thresholds
  • ·Auditor's IFC opinion

Standards & references

Companies Act s.143(3)(i)
ICAI Guidance Note on Audit of IFCFR
COSO 2013

Our approach

  1. 1
    Scoping
    Identify significant processes, accounts, locations.
  2. 2
    Documentation
    Process narratives, flowcharts, RCM (risk-control matrix).
  3. 3
    Design testing
    Walk-throughs to confirm control design.
  4. 4
    Operating effectiveness
    Sample-based testing per IIA / ICAI guidance.
  5. 5
    Reporting
    Deficiency rating, remediation plan, management & auditor reports.

Deliverables

  • ✓RCM library
  • ✓Walkthrough notes
  • ✓Operating-effectiveness test files
  • ✓Management & auditor reports

FAQs

Can you align this with our statutory audit?
Yes — IFC working papers are designed for direct hand-off to your statutory auditor.

Need an auditor by a deadline?

Tell us the date you need a signed report and we will back-plan onboarding, field work and sign-off.

Request a proposal
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