Control and Financial Reports-ICFR

Since 2009, our country has adopted International Financial Reporting Standards, and with it the processes and procedures for preparing, generating and presenting financial information of companies have had to adapt to these regulatory requirements.
All data collection process, management and ordering of these in a system, to later generate useful information for users, requires a good level of traceability from business processes and support, to financial reports, therefore, the ICFR – Internal Control and Financial Reports is essential to ensure and give reliability to companies’ financial information.
Our professional experts in IFRS and Internal Control, contribute to our clients to improve their governance, monitoring and compliance with IFRS and Financial Statements, through the design and implementation of management controls that support, for example, in matters of asset valuation, evaluation of the financial performance of investments, management of impairment of accounts receivable, management of financial risks, etc. Our team of experts estimates that the standards that require the most comprehensive processes and controls within the organization are: IAS 16, IAS 38, IAS 40, IAS 41, IAS 36, IAS 37, IAS 21, IFRS 9, IFRS 15, IFRS. 16, etc. and consequently, it is important that these standards require the organization to a high standard of control and monitoring