ICFR is not a policy binder. It is the set of controls that make the numbers in the financial statements defensible when a board, an auditor or the FRC asks how they were produced.
Nigerian public-interest entities and many regulated firms now have to attest to internal control over financial reporting. We design the control framework, map it to the close, document who owns each control, and walk management through the evidence an auditor will ask for.
The work sits between finance, internal audit and the process owners. We do not drop a COSO slide. We build the walkthroughs, the deficiency log and the remediation plan that actually gets signed. Engagements are deployed nationwide, with the people who own the ledgers.
Who this is for
- Public-interest entities that must attest to internal control over financial reporting
- Regulated firms whose auditor or the FRC will ask how the numbers were produced
- Boards that need a deficiency log and a remediation plan, not a COSO slide
What is included
- ICFR framework design aligned to COSO and FRC guidance
- Process walkthroughs, risk and control matrices
- Management testing and deficiency evaluation
- Remediation plans and evidence files for the auditor
- Training for control owners and the finance team
How the work runs
Every engagement follows the same four steps: listen, scope in writing, do the work, stand behind it. The calendar and the named partner are in the letter — not in a follow-up email that never comes.
Questions we are asked
- Do you replace internal audit?
- No. We design the framework, walk through the processes and build the evidence file with the people who own the controls. Internal audit stays in its lane.
- Is this only for listed companies?
- The FRC’s ICFR regime is aimed at public-interest entities. Many regulated firms adopt the same discipline because their auditor will ask anyway.
- What does ICFR mean?
- ICFR is internal control over financial reporting — the controls that make the numbers in the financial statements defensible when a board, an auditor or the FRC asks how they were produced.