ICF & ICFR framework: From financial compliance to enterprise-wide governance and risk management
As regulatory expectations evolve, organisations must look beyond financial reporting controls. Explore how a broader internal control framework can strengthen governance, improve risk management and support sustainable growth
Internal control over financial reporting (ICFR) remains a critical component of corporate governance. However, organisations today face increasingly complex operational, technology, compliance and strategic risks that extend beyond financial reporting.
This publication explores the differences between traditional ICFR programmes and broader internal control frameworks aligned with the COSO Internal Control – Integrated Framework. It highlights how organisations can transition from a compliance-focused approach to an enterprise-wide control environment that supports governance, operational effectiveness and risk management.
The publication also examines evolving regulatory expectations in the UAE, including developments from the Abu Dhabi Accountability Authority (ADAA) and the UAE Securities and Commodities Authority (SCA), and outlines a practical roadmap for strengthening internal controls across the organisation.
Download the publication to learn how a comprehensive internal control framework can help build resilience, improve accountability and support long-term organisational success.
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Akshat Prakash Partner - Risk consulting
Ruba Arnaout Director - Risk consulting
Risk consulting
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