No Match Found
use an acknowledged framework
perform scoping once a year
have designed internal controls to prevent and detect fraudulent behaviour
apply digital tools to support the ICFR process
The survey aims to provide valuable insight into what characterises the most efficient and effective ICFR frameworks and how far Norwegian companies have travelled on their digitalisation journeys with respect to ICFR.
When we conducted the ICFR benchmark in 2016, we noted a significant potential for improvement of overall ICFR maturity. Were we expecting to see improvements in 2019? The short answer is yes, we expected to see a general increase in ICFR maturity due to i.e. key trends within digitalisation and fraud risk management evolving over recent years. However, the results from the survey provide little evidence supporting a general increase in overall ICFR maturity since 2016.
The 2019 survey also aims to gain insights into how the respondents use digital tools to further advance their ICFR frameworks and how ICFR is utilised to manage fraud risk.