Internal Control over Financial Reporting (ICFR) (AGRC-038) Training Course

Internal Control over Financial Reporting (ICFR)

Reliable financial reporting depends on effective internal controls over financial reporting. Many listed companies and regulated entities must formally assess and report…

5 daysClassroom or online

13Upcoming dates

6Cities

£2,750Fees from

Course overview

Why Attend

Reliable financial reporting depends on effective internal controls over financial reporting. Many listed companies and regulated entities must formally assess and report on ICFR effectiveness.

This LLMI course covers ICFR frameworks, scoping and materiality, risk assessment, process documentation, control design including IT controls, testing, deficiency evaluation, management assessment and reporting. Participants document and test controls for a key process.

The course suits finance, controls and audit professionals.

Course Objectives

Explain ICFR concepts and frameworks

Scope significant accounts and processes

Document processes and risk-control matrices

Design key and IT controls

Test operating effectiveness

Evaluate deficiencies and support management assessment

Target Audience

Financial controllers

Internal control specialists

Internal auditors

Finance managers

External auditors

CFOs

Course Methodology

Framework sessions

Documentation workshops

Control testing exercises

Case studies

Group discussions

Course outline

1Day 1: ICFR Fundamentals

Purpose of ICFR
Frameworks
Regulatory requirements
Roles
Top-down approach
Exercise: ICFR maturity review

2Day 2: Scoping and Risk

Materiality
Significant accounts
Processes and locations
Risk assessment
Fraud risk
Workshop: Scoping exercise

3Day 3: Documentation and Design

Process narratives and flowcharts
Risk-control matrices
Key controls
IT general controls
Entity-level controls
Exercise: Risk-control matrix

4Day 4: Testing

Test design
Sampling
Walkthroughs
Evidence
Remediation testing
Lab: Control testing

5Day 5: Deficiencies and Reporting

Deficiency evaluation
Aggregation
Management assessment
Reporting
Continuous monitoring
Capstone: ICFR assessment

Frequently asked questions

How long is the Internal Control over Financial Reporting (ICFR) course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Internal Control over Financial Reporting (ICFR) course?

The next public date is 21 - 25 Dec 2026 in Istanbul. There are 13 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Istanbul, Barcelona, London, Munich, Rome, Amsterdam.

Can I take Internal Control over Financial Reporting (ICFR) online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,750 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Internal Control over Financial Reporting (ICFR)

Course overview

Course outline

Dates and fees

Frequently asked questions

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