CAQ Updates Publication on ICFR

The Center for Audit Quality (CAQ) has released an updated version of its 2013 publication Guide to Internal Control Over Financial Reporting [ICFR].

The publication provides an overview of ICFR and focuses on “key ICFR concepts” such as the control environment, control activities, reasonable assurance, and the hierarchy of ICFR deficiencies. The 2019 edition includes “additional information highlighting the significant body of research demonstrating the importance of ICFR to enhancing investor confidence and strengthening the financial reporting process.”

For more information, see the press release and publication on the CAQ’s Web site.