Effective internal controls help businesses manage financial reporting, operational and compliance risks while improving the reliability of financial information. HLB AG reviews internal control frameworks and Internal Control over Financial Reporting (ICFR) to identify control gaps, assess the design and effectiveness of existing controls and recommend practical improvements aligned with the organisation’s risks and reporting requirements.

Our Internal Controls & ICOFR services include:

• Review and documentation of key business and financial reporting processes
• Identification and assessment of risks and related controls
• Development of risk and control matrices
• Assessment of control design and operating effectiveness
• Review of preventive and detective controls, including manual and automated controls
• Identification of control gaps and deficiencies
• Recommendations for control remediation and improvement
• Review of controls within ERP and other relevant systems

For businesses in Qatar, a well-designed ICFR framework supports accurate financial reporting, stronger governance and greater confidence among management, shareholders, lenders and other stakeholders. HLB AG applies a structured, risk-based approach to help businesses strengthen their internal control environment, address identified deficiencies and establish controls that remain effective as the organisation grows and its processes evolve.