Internal financial controls (IFC) certification by the Board is mandatory in the Board's Report for:

1. Rule 8 of Companies (Accounts) Rules — IFC reporting by the Board is required for listed companies and certain unlisted public companies; auditor reporting on IFC is required for select private companies above threshold. 2. Coverage has been progressively narrowed for small / OPC. 3. Hence (C). _Source: ICAI BoS CA Inter Paper 2 — Accounts of Companies_