Internal Audit
Internal Audit Services
Internal auditing is an important, independent, and objective assurance function within a business, designed to examine processes, controls, and information technology procedures to ensure operations align with objectives. Internal audits assess financial and operational activities, improving the effectiveness of risk management and governance processes.
We offer robust internal audit services to help SMEs strengthen their internal controls and identify areas for improvement to enhance overall governance and risk management practices.
- Our clients can outsource as much or as little of their internal audit function as needed.
- Full outsourcing provides the benefits of an independent internal audit function without the budget and staffing constraints. We can implement a comprehensive internal audit outsourcing plan that meets a client’s requirements, giving you more time to manage your company while we ensure your internal audit is staffed for effectiveness and efficiency.
- Partial outsourcing provides resources for small to mid-sized companies that have developed an internal audit function for ongoing compliance and operational requirements but struggle to maintain full-time personnel with the expertise and bandwidth needed to accomplish their goals effectively. Our staff focuses on small and medium-sized companies, providing a customized, flexible, and affordable solution.
Scope of Service
Risk Assessment
Annual risk assessments.
Audit Planning
Creation and maintenance of risk-based internal audit plans.
Audit Program
Communication of the audit program to key stakeholders, design and execution of audit procedures, and coordination with management, the audit committee, and the Board of Directors as required.
Audit Results Reporting
Reporting (preparation and management discussion of audit reports).
Social Engagements
Specified engagements (e.g., inventory audit, regulatory compliance, operational audits, forensic accounting, IFRS implementation).
Our Guiding Principles & Customer-Centric Approach
Define Objectives
Determine and define the objectives of the required scope of services, such as internal audits of financial controls, operational processes, or compliance, based on an initial assessment of the client’s business, objectives, areas of concern, and risks.
Customize Solution
Customize the engagement plan to meet the client’s needs and risks, and provide a Commercial Proposal that includes the specific deliverables for each scope of service required, along with the timeline.
Negotiation & Contracts
Complete negotiation and legal contracts for the work to be performed.
Onboarding & Implementation
Client onboarding and work commencement, including one-time, recurring, or ongoing activities. Conduct fieldwork on a sample basis, including document reviews, interviews, and testing.
Provide Deliverables
Provide agreed deliverables to the client, including comprehensive audit reports with findings, recommendations, and management responses.
Get in Touch with
Our Experts
- +971 50 146 8999
- [email protected]
- Shams Business Center, Sharjah Media City Free Zone, Al Messaned, Sharjah, United Arab Emirates
