Listed and specified unlisted companies must report on Internal Financial Controls (IFC) under the Companies Act. PJRJ helps you design, document, test, and report on IFC and Internal Controls over Financial Reporting (ICFR) — from first-time readiness to annual attestation support for your statutory auditor.
Who it's for
- Companies subject to Section 134(5) IFC reporting requirements
- Businesses transitioning from manual processes to controlled ERP environments
- Companies that received adverse or qualified ICFR comments and need remediation
- Organisations preparing for listing or private equity investment
Deliverables
- IFC framework design aligned to your processes and risk profile
- Process narratives, flowcharts, and control matrices (RCM)
- Walkthroughs and design effectiveness assessment
- Operating effectiveness testing with documented evidence
- Gap remediation support and management representation assistance
Our approach
- 1Scoping exercise — material accounts, locations, and IT systems
- 2Document existing controls or design new ones with process owners
- 3Test controls with samples sized to risk
- 4Report deficiencies by severity with management action plans
- 5Support statutory auditor reliance procedures where agreed
IFC work requires both audit discipline and systems understanding. Our team has implemented controls in growing businesses — not just tested them — so our documentation is practical, not theoretical.
IFC engagements are led from Delhi with on-site work across NCR offices, plants, and shared service centres.
Discuss your ifc / icfr design and testing requirements
Speak directly with a PJRJ specialist — we respond within one business day.