• Mr. Shreyash Varghese
• Dr. DEEPA DAMODARAN
• Prof. (Dr.) Bhawna Sharma

This research investigates the critical relationship between internal control mechanisms and the integrity of financial reporting within contemporary organizations. Despite operating in increasingly complex regulatory landscapes, many firms continue to grapple with foundational challenges, including inconsistent record-keeping, reliance on manual processes, and delayed account reconciliations, which collectively undermine financial transparency. To explore this, we surveyed 90 finance professionals—including accountants, auditors, and corporate finance executives. Our analysis reveals a clear correlation: companies that employ structured reporting frameworks and robust internal controls report substantially fewer accounting errors and demonstrate greater financial clarity. The study concludes that enhancing financial governance is contingent upon strengthening internal control protocols, enforcing regular reconciliations, and accelerating the adoption of integrated digital accounting systems.

Financial Reporting, Internal Controls, Organizational Transparency, Accounting Systems, Reconciliation, Financial Governance

"A Study on Financial Reporting Practices and the Role of Internal Controls in Modern Organizations ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 12, page no.b138-b140, December-2025, Available :http://www.jetir.org/papers/JETIR2512120.pdf

"A Study on Financial Reporting Practices and the Role of Internal Controls in Modern Organizations ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 12, page no. ppb138-b140, December-2025, Available at : http://www.jetir.org/papers/JETIR2512120.pdf