Internal Financial Control Review (IFCR)

At Nandurdikar Sugandhi & Associates, we recognize that robust internal financial controls are essential for enhancing operational efficiency, ensuring regulatory compliance, and mitigating risks. Our Internal Financial Control Review services are designed to provide comprehensive insights into your organization’s control systems, enabling you to achieve financial transparency and accountability.

Our Expertise Includes :

• IFC Framework Design & Implementation:
  Assisting businesses in designing and implementing a robust Internal Financial Control framework tailored to their operational needs. Our solutions ensure compliance with legal requirements, including the Companies Act, 2013, while fostering organizational efficiency.
• Control Assessment & Gap Analysis:
  Evaluating existing financial controls to identify gaps, weaknesses, or redundancies. We provide actionable recommendations to address identified issues, ensuring alignment with industry best practices.
• Process Mapping & Risk Identification:
  Mapping key financial and operational processes to assess risk exposure. Our experts help in identifying, analyzing, and mitigating risks across critical business functions, safeguarding your financial health.
• Documentation & Reporting:
  Preparing detailed documentation of financial controls, processes, and risk assessments to ensure audit readiness and regulatory compliance. Our reports provide a clear roadmap for strengthening internal controls.
• Ongoing Monitoring & Training:
  Establishing monitoring mechanisms to ensure the effectiveness of internal controls over time. We also provide customized training to staff on implementing and maintaining financial controls effectively.
• Regulatory Compliance & Certification:
  Assisting organizations in meeting statutory compliance requirements related to IFC under the Companies Act, 2013, including certifications by auditors and regulatory authorities.

Partner with Nandurdikar Sugandhi & Associates to enhance your internal control systems, reduce risks, and build a resilient financial structure that supports sustainable growth.