Internal Audit Service in Dubai, UAE

An internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Internal audit services in Dubai are offered by a number of accounting and auditing firms. 

The services typically include:

• Reviewing the organisation's risk management framework.
• Assessing the effectiveness of the organisation's internal controls.
• Conducting compliance reviews.
• Providing consulting services to improve the organisation's operations.

• Increased confidence in the organisation's controls and risk management framework.
• Reduced risk of fraud and errors.
• Improved compliance with laws and regulations.
• Enhanced efficiency and effectiveness of operations.

• Assurance: To provide independent and objective assurance to the organisation's management and board of directors on the effectiveness of the organisation's risk management, control, and governance processes.
• Consulting: To advise and assist the organisation's management and board of directors in improving the organisation's risk management, control, and governance processes.
• Add value: To add value to the organisation by helping it achieve its objectives more efficiently and effectively.

• Planning: The first step in any internal audit is to plan the audit. This involves defining the audit's objectives, identifying the audit's scope, and developing an audit plan.
• Fieldwork: The next step is to conduct the audit fieldwork. This involves gathering evidence to support the audit findings. The evidence can be gathered through interviews, documentation review, and observation.
• Reporting: The auditor will prepare an audit report once the audit fieldwork is complete. The audit report will document the audit findings and make recommendations for improvement.
• Follow-up: The final step in the internal audit process is to follow up on the recommendations made in the audit report. This ensures the organisation has improved its risk management, control, and governance processes.