Internal Financial Control came into existence to promote risk management and governance processes within the organisation.

Primary objective of IFC is to identify opportunities for improvement and to draw up recommendations & good practices that can be used as a benchmark to develop or strengthen the internal control systems and enhance the reliability of their financial statements.

• Efficiency and effectiveness in operations
• Prevention and detection of fraud and error
• Safeguarding of assets 
• Accuracy and completeness of accounting records
• Reliability of Financial Reporting