Are you ready for the future?

PwC ICFR Benchmark 2019

How effective and future proof is your internal control over financial reporting (ICFR)? And, how are your peers managing their internal control frameworks?

How mature and cost effective is your company’s ICFR?

Participate in our survey, and you'll get:

Immediate feedback on the overall maturity of your ICFR

The final ICFR benchmark survey report

A free no obligation meeting to discuss your responses

The 2019 ICFR benchmark survey

The survey aims to provide valuable insight into what characterises the most efficient and effective ICFR frameworks and how far Norwegian companies have travelled along the digital highway with respect to ICFR.

The benchmark will analyse responses and rate levels of maturity in the following areas: framework, risk assessment, scoping, control design and monitoring. We will also look at the development of responses since the previous survey in 2016.

....a number of companies are in reality less mature than they may believe.

Aase Russell-Roberts Lindahl Finding from PwCs ICFR Benchmark 2016

New in this year’s survey

Utilisation of technology

The most cost effective and productive companies are moving towards fully automated financial reporting processes and controls and digital tools for analysing data and managing the ICFR framework. Hence, in this year’s survey, we expect to see a stronger trend of internal control automation and utilisation of new technology.

Anti-fraud controls

Another current trend is the stronger focus on ethics and compliance in most businesses, due to increased stakeholder requirements and expectations. Strong ICFR frameworks include a number of controls that are key to preventing and detecting fraud, and have an important role to play in mitigating compliance risks. The survey aims to analyse the maturity of the business’ anti-fraud controls.

Key findings from ICFR Benchmark 2016

assess their internal control to be less mature than required for Norwegian listed companies.

have a systematic risk-based approach for defining the scope of ICFR.

lack a complete control design that addresses all critical risks.

use self assessments as their monitoring tool.

If you wish to discuss  how you may improve the effectiveness and efficiency of your company’s internal control, do not hesitate to contact us!

Kontakt oss

Aase Russell-Roberts Lindahl

Partner | Risk Advisory Services, PwC Norway

Tlf: +47 952 60 135

Ingrid Eldhuset

Senior Associate, PwC Norway

Tlf: +47 924 21 097

Følg oss