Internal control over financial reporting

Internal control over financial reporting is integral to the corporate governance, and is part of the Asker Management Standard, which ensures reliable financial reporting and compliance with applicable laws and regulations.

Asker uses the COSO framework for internal control (the Committee of Sponsoring Organisations of the Treadway Commission) as a basis for its internal control. The COSO model defines five components (control environment, risk assessment, control activities, information and communication, and monitoring) which form the basis of internal control.

Asker’s framework for internal control over financial reporting (ICFR) is regularly updated to reflect relevant changes in pro-cesses, tools, results of risks assessments and new or amended legislation. Continuous improvement ensures relevance and effectiveness of the framework.

Read more in Asker's Corporate Governance report. 

Read more about Corporate Governance