# ICFR

> ICFR — Internal control over financial reporting — the process designed to give reasonable assurance that the financial statements are reliable, which management of an SEC registrant must assess annually.

Source: https://lopifi.com/glossary/icfr
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is icfr?** In accounting, ICFR means internal control over financial reporting — the process designed to give reasonable assurance that the financial statements are reliable, which management of an SEC registrant must assess annually.

## Words this system refuses for it

- internal audit

- **Category:** Controls
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)