ADAA ICFR

The Internal Control over Financial Reporting (ICFR) framework, under the oversight of the Saudi Arabia Accountability Authority (ADAA), establishes requirements for financial institutions and listed companies to design, implement, and maintain effective internal controls. ICFR ensures the accuracy, reliability, and transparency of financial statements while reducing risks of fraud and misstatement.

See it in Action

Falconry360 enables organizations to comply with ADAA ICFR requirements through a connected platform that integrates risks, controls, and audit workflows. With Falconry360 you can:

Map financial reporting risks and controls to ICFR requirements
Automate control testing and evidence collection
Track remediation of deficiencies in real time
Monitor segregation of duties, access controls, and system dependencies
Generate inspection-ready documentation for ADAA and regulators

Whether preparing for external audits or strengthening financial governance, Falconry360 streamlines ICFR compliance and builds trust with stakeholders.

Modules That Power the Solution

Falconry360 brings compliance standards to life through its connected platform. Each module delivers critical capabilities to help you align with global and regional frameworks, automate controls, and maintain audit readiness.

FalconryERM

Govern smarter with risk registers, control libraries, and compliance frameworks.

Centralize enterprise risks and mitigation actions
Map and monitor compliance against local & global frameworks
Visual dashboards for risk scoring, controls, and reporting

FalconryCyber

Manage cybersecurity posture, PDPL readiness, & regulatory control alignment.

Align with ISO 27001, NCA ECC, and PDPL controls
Track gaps, threats, and third-party risks
Integrate cyber risk into your overall GRC view

FalconryResilience

Build continuity with BIA, BCP, DR, and crisis planning workflows.

Conduct BIAs and scenario assessments
Build and maintain site-specific BCPs
Track incidents and conduct crisis simulations

FalconryAudit

Streamline audit planning, testing, issue tracking, and reporting.

Maintain your audit universe with real-time engagement views
Track issues, observations, and recommendations
Generate audit reports with workflows and status tracking

FalconryCulture

Reinforce secure behavior, policy acknowledgment, and learning paths.

Track employee policy acknowledgment and completion
Deliver gamified microlearning and nudges
Monitor behavioral risk indicators and engagement

FalconryE&C

Operationalize ethics programs, conduct training, and role-based accountability.

Assign role-specific conduct training
Deploy whistleblower workflows and misconduct reporting
Maintain a culture of transparency and integrity

FAQs

What is ICFR?
Internal Control over Financial Reporting (ICFR) is a framework for ensuring financial statements are accurate, complete, and reliable.

What is ADAA’s role in ICFR?
The Saudi Arabia Accountability Authority (ADAA) mandates ICFR for listed companies and financial institutions to strengthen financial governance.

Who must comply with ADAA ICFR?
All publicly listed companies in Saudi Arabia and regulated financial institutions.

What are the key components of ICFR?
Risk assessment, control design, documentation, testing, remediation, and continuous monitoring.

Is ICFR compliance mandatory?
Yes — ADAA requires regulated entities to maintain ICFR frameworks and provide inspection-ready evidence.

What are the benefits of ICFR compliance?
Accurate reporting, reduced fraud risk, investor confidence, and improved governance.

How does Falconry360 help with ADAA ICFR?
By automating testing, centralizing evidence, managing remediation, and producing regulator-ready reports.

Let Us Help

Falconry360 simplifies ADAA ICFR compliance with an integrated solution to:

Automate control testing and evidence management
Track remediation and monitor reporting risks
Maintain regulator- and auditor-ready documentation

What is the Falconry360 Platform

Platform Suite

Clients

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Standard, Framework, or Regulation