ASC Global's ICFR services in the UAE help businesses strengthen internal controls over financial reporting, so reported numbers hold up under scrutiny from auditors, regulators and boards. With 30+ years of professional services experience and 5,000+ clients served, our ICFR consultants in Dubai and across the UAE help you design, implement and test controls mapped to COSO and to your regulatory exposure, reducing the risk of misstatement, fraud and audit surprises.
Who Needs ICFR in the UAE?
Listed companies (PJSCs on ADX and DFM): subject to SCA internal control requirements, including auditor assessment of ICFR.
Abu Dhabi government and government-controlled entities: covered by ADAA requirements on testing financial reporting controls.
Banks and insurers: expected by CBUAE to maintain effective internal controls, reviewed by external auditors.
Private groups, family businesses and free zone companies: no standalone ICFR mandate, but lenders, investors and auditors increasingly expect it, especially ahead of funding, IPO or ERP rollouts.
Aligns controls with UAE regulatory expectations and frameworks such as COSO and, for US-linked groups, SOX.
Reduces the chance of material errors, fraud and misstatements.
Makes financial reports more reliable and audit-ready.
Structured walkthroughs and sample testing that avoid duplicated effort.
Shows regulators, investors and boards that your governance is transparent.
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Key Regulations & Frameworks – Reference Applications
| Regulation / Framework | Application / Purpose |
|---|---|
|
SCA governance requirements |
Listed PJSCs: board-owned internal controls and auditor assessment of ICFR |
|
ADAA |
Abu Dhabi government entities and government-controlled companies: ICFR assessment and testing |
|
CBUAE |
Banks and insurers: internal control expectations reviewed by external auditors |
|
UAE Commercial Companies Law |
Proper accounting records and financial statements for all companies |
|
COSO and IFRS |
Frameworks used to design controls and align reporting |
|
SOX |
Subsidiaries of US-listed groups: ICFR documentation and testing for consolidation |
Our ICFR/ICoFR Services Suite in UAE
Our ICFR/ICoFR Execution Model
Define scope of ICFR controls and map to reporting processes
Tentative Duration: 1-2 Weeks
Document risks, controls, and walkthroughs
Tentative Duration: Weeks 3–5
Test operational effectiveness and advise on gaps
Tentative Duration: Weeks 4-6
Final report submission, audit prep, and management briefing
Optional - Ongoing Monitoring: Quarterly
Your Trusted Partner in UAE
30+ years of experience and 5,000+ clients served
Local understanding of UAE regulatory standards combined with global best practices
Proven support for listed companies, multinationals and regulated entities
Strong command over COSO, SOX, IFRS and audit-linked control environments
Our Commitment: We believe ICFR isn’t just about compliance — it’s about cultivating transparency, building investor trust, and improving internal maturity for long-term success.
Expert advisory services for UAE, corporate & compliance solutions. Professional excellence delivered globally.
Global Presence Since Founded • UAE Market Leaders • Award-Winning Services
Strengthen Your Financial Integrity with ASC Group’s ICFR Services in UAE: Risk-Mapped. Regulator-Aligned. Future-Ready Internal Controls
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