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How practically IFC audit and SOX audit process done | IFC Audit process | Sox audit in USA

CA Tushar Makkar 39,066 3 years ago
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In this video we had talked with CA Nikhil Bansal regarding how practically Sox audit and IFC audit is done in the corporates. Nikhil has more than 5 years of experience and out of those 2 years experience is only of Sox audit. Nikhil has worked big corporates and also one of the top 10 CA firm. Sox or IFC audit process is majorly will be divided into the three parts are as follows 1. Walk through (here we understand the business operation whether the operation is financial or operation in nature) 2. Risk control matrix (On the basis of the process we identify the risk and the control against those risk) 3. Test of controls (We will check whether the controls as defined in the process is operation effectively or not) -----Content of the video------------ 00:00 Introduction 02:05 What is role and responsibility in SOX & IFC 05:50 SOX Overview 10:45 Walk through, RCM & Testing of controls You can follow me on other platform as well for more interesting and amazing knowledge LinkedIn https://www.linkedin.com/in/ca-tushar-makkar-190b76b7/ Instagram https://www.instagram.com/tushar_makkar29/ Twitter https://twitter.com/TusharMakkar15 #IFCaudit #SoxAudit

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