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#ICFRapplicability refers to the requirement for companies to establish and maintain internal controls to ensure the accuracy and reliability of their financial statements. It is applicable to listed companies, unlisted public companies, and private companies that meet specific criteria, such as having a certain turnover or net worth. ASC Group provides expert advisory services to ensure compliance with ICFR requirements. For assistance, contact ASC Group at +91-9999043311. For more:- https://www.ascgroup.in/a-brief-guide-on-internal-controls-over-financial-reporting-icfr-internal-financial-controls-ifc-/