Internal Controls over Financial Reporting (ICFR)

Driving Financial Integrity through Strong Governance

Building Confidence in Financial Reporting

In today’s regulatory and stakeholder environment, accurate and transparent financial reporting is non-negotiable.
Internal Controls over Financial Reporting (ICFR) form the backbone of financial governance—ensuring that financial statements are accurate, complete, and free from material misstatement.

At Falconry Solutions, we help organizations design, implement, and enhance ICFR frameworks that go beyond compliance to deliver trust, resilience, and investor confidence.

Our ICFR Services

ICFR Framework Development
Design a robust control framework aligned with COSO and ISO 9001/31000 principles, tailored to your regulatory environment.
Operations & Process Assessment
Evaluate end-to-end financial reporting processes to identify control gaps and operational risks.
Control Design & Effectiveness Review
Assess whether your controls are well-designed and operating effectively to prevent or detect errors and fraud.
Controls Upgrade & Optimization
Embed automation, continuous monitoring, and analytics to make controls more efficient and responsive.
Sampling & Testing Methodologies
Apply statistically sound sampling techniques and evidence-based testing for reliable control evaluation.
Documentation & Representation
Develop clear, audit-ready documentation of all control activities, responsibilities, and evidence trails.

Technology-Enabled Controls

Through Falconry360, we integrate ICFR workflows into a centralised platform:

  • Real-time control status tracking
  • Automated alerts for control failures
  • Linkage to risk registers and audit findings
  • Dynamic dashboards for CFO and Audit Committee reporting
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Why ICFR Matters

A strong ICFR program enables:

Regulatory Compliance

Meet national and international reporting requirements.

Investor Trust

Provide assurance to shareholders, boards, and markets.

Fraud Prevention

Detect and address anomalies before they escalate.

Operational Insight

Reveal inefficiencies and opportunities within financial processes.

Strengthen your financial reporting foundation.

With Falconry Solutions, ICFR becomes not just a compliance requirement, but a strategic enabler of trust and transparency.

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