Certification of the effectiveness of organizational ICFR is required by senior business leaders is required under the SOX and NI52-109 regulations. Aside from the compliance requirements, having an effective ICFR program promote an organizational culture around protection and safeguarding of assets, operational efficiency, and adherence to company policy and procedures and local regulations.
OMNIA Advisors can assist in the following:
- Assess the effectiveness of key financial reporting controls
- Control rationalization
- Financial Reporting Risk Assessment
- Establishing ICFR processes and controls
- ICFR Training