Guide to Internal Control Over Financial Reporting

Released in 2013 and updated in 2019, this guide provides the public with an easy-to-digest overview of internal control over financial reporting (ICFR), focusing on key ICFR concepts such as the control environment, control activities, reasonable assurance, and the hierarchy of ICFR deficiencies. The guide also educates on the various ICFR roles and responsibilities for management, audit committees, and auditors.

New for the 2019 edition, the guide contains additional information highlighting the significant body of research demonstrating the importance of ICFR to enhancing investor confidence and strengthening the financial reporting process.

The 2013 edition of the guide is available here.