Elevating Governance: Internal Controls over Financial Reporting (ICFR)

Elevating governance: ICFR and the SCA’s 2025 mandate.

The Securities and Commodities Authority (SCA) has introduced new requirements for Internal Controls over Financial Reporting (ICFR), reshaping expectations for UAE-listed companies.

At Baker Tilly UAE, we believe ICFR should be seen as more than a compliance exercise. Done well, it can embed resilience, strengthen decision-making and enhance investor confidence.

Our latest publication explores:

• The global and UAE context for ICFR
• The SCA’s two-phase implementation pathway
• Common challenges in first-year adoption
• The Baker Tilly ICFR Compass, a practical, four-phase approach to compliance and value creation

Read the full article here: ICOFR