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Audit of Internal Financia What is ICFR & IFC? Old Approach: al controls over Financial Reporting

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Page 1: Audit of Internal Financial controls over Financial …...Audit of Internal Financial controls over Financial Reporting What is ICFR & IFC? Old Approach: New Approach: A Practical

Audit of Internal Financial controls over Financial Reporting

What is ICFR & IFC?

Old Approach:

Audit of Internal Financial controls over Financial Reporting

Page 2: Audit of Internal Financial controls over Financial …...Audit of Internal Financial controls over Financial Reporting What is ICFR & IFC? Old Approach: New Approach: A Practical

New Approach:

Page 3: Audit of Internal Financial controls over Financial …...Audit of Internal Financial controls over Financial Reporting What is ICFR & IFC? Old Approach: New Approach: A Practical

A Practical Approach to ICFR Audit:

A Practical Approach to ICFR Audit: