Home / Internal Finance Control (IFC) and Financial Reporting Audit Services

Updated on 4 Apr 2020  9.00 AM IST | 4 min read

Internal Finance Control (IFC) and Financial Reporting Audit Services Overview

Internal financial control (IFC) is a much wider concept than internal control over financial reporting (ICFR). ICFR audit is an audit where we examine the financial statements of the business and share it with its user’s i.e. employee’s, stockholder’s, shareholder’s, government, competitors, customers, lenders, investors etc. whereas IFC audit is an audit where we examine the functions & management of the business and share the final result with the company.

ICFR audit covers all the elements of financial reporting which includes Profit & loss account, balance sheet etc. whereas internal finance control (IFC) examine the controls which ensures efficiency in business functions, compliance of policies, maintenance of records and safeguarding of assets. IFC is applicable on listed companies, unlisted companies, small companies and one person companies.

There are different processes in internal finance control over financial reporting. Some of them are –

  • Procure to pay (P2P)
  • Order to cash (O2C)
  • HR
  • Inventory management cover

Finacbooks help businesses by providing both services i.e. internal finance control audit as well as financial reporting audit. We provide both the audit services as per client requirement.


What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees


Our Business Financial Services

  1. Internal finance control audit
  2. Financial reporting audit

Benefits of Internal Finance Control (IFC) and Financial Reporting Audit Services

  • More than 10 years of experience
  • Qualified professionals
  • Excellent customer service
  • Cost efficient
  • Customer delight
  • Time saving
  • Quick turnaround time
  • Continuous support over e-mail and phone (24X7).

How Finacbooks Can Help?

Finacbooks is one of the leading Indian firms with more than 10 years of experience in helping public limited or private limited companies with internal finance control audit and financial reporting audit. To avail the best deals on these audit services, kindly call us at 8800221252 or you can also e-mail us at info@finacbooks.com

MEET US

What Clients Say

Customer delight is our main goal and we are very serious about it.


Prakash Verma

Prakash Verma

“Finacbooks.com is a perfect example of a great customer service dealing with the best of accountancy services.“

Prakash Verma Signature


Praveen Chauhan

Praveen Chauhan

“They offered us good quality services in a least possible time at a best Price.“

Praveen Chauhan Signature


Pradeep Kochhar

Pradeep Kochhar

“Finacbooks.com is a trusted network of highly qualified accounting professionals who not only provided us quality accountancy services but also supported us by answering our each & every query on time without any delay. “

Pradeep Kochhar Signature

Informational, useful and resourceful

Blogs

Catch up our trending topics, news etc. in a simple, detailed and most professional way.

How to Renew Your FSSAI Food License?
01 Apr, 2020

What is FSSAI Food License? FSSAI food license is a mandatory requirement for every food business operator (FBO) involved in business of... Read More

Coronavirus: Central Government Economic Measures to Fight Covid 19 Crisis
27 Mar, 2020

Relief package of Rs.1.7 lakh Crore announced by the Finance Minister to fight Coronavirus Our central government has taken many... Read More

Corporate Social Responsibility (CSR) in India
24 Mar, 2020

What is Corporate Social Responsibility (CSR)? Corporate social responsibility means managing of business processes by fulfilling its... Read More

CONTACT US

We Are Everywhere

We are having a wide network operating all across India as well as Internationally.
World Map

Contact Us


30+ Offices in
India

10+ Years Experience

Save Your
Time

Quick Turn around Time

Qualified Professionals

Excellent Customer Service