A collaboration between Grant Thornton UAE and Emirates Insurance Federation. We delve into the regulatory requirements for 2024 and 2025, exploring the challenges insurance companies face in implementing effective Internal Controls over Financial Reporting (ICOFR).

Together, we explored the challenges insurance companies face in implementing effective Internal Controls over Financial Reporting (ICOFR).

The key takeaways from webinar are:

  1. An overview of the regulatory requirements for Internal Controls over Financial Reporting (ICOFR) for 2024 and 2025 that insurance companies must adhere to.
  2. A clear understanding of the differences between internal testing and external audits, including their respective purposes and methodologies.
  3. Insights into the responsibilities of various stakeholders in the implementation of effective ICOFR, and strategies to overcome the challenges faced in this area.

Watch the webinar here:

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