Romany Shayb
Senior Consultant - VAT/TAX
- VAT
- Corporate Tax
- Transfer Pricing
Romany Shayb works as a Senior Consultant at Farahat & Co. in the Dubai office, specializing in Audit and Assurance. His work is focused on helping businesses operating in the UAE strengthen financial transparency, improve reporting discipline, and support organizational stability within a dynamic regulatory environment.
His experience includes statutory and internal audit assignments where accuracy, evidence-based reporting, and high-quality audit documentation are essential. Through a disciplined process-driven approach, he helps clients identify operational risks, improve internal controls, and implement remediation measures that support stronger financial reporting and governance.
His work is also centered on aligning internal workflows with international standards so that financial reporting serves not only compliance requirements, but also broader strategic decision-making for boards and management teams.
Professional Overview
Romany Shayb has worked on audit, reporting, reconciliation, and internal control engagements for businesses operating in the UAE. His work supports organizations that need stronger audit discipline, clearer reporting structures, and more reliable financial processes in order to meet both regulatory and operational expectations.
He has contributed to statutory audits, internal audit reviews, reporting improvement initiatives, close acceleration processes, and remediation planning. His work is valued for combining structured audit execution with practical recommendations that improve reporting quality, control maturity, and workflow consistency.
Academic Credentials & Certifications
- Senior Consultant, Dubai Office, Audit and Assurance
- Senior Auditor – Dubai Office
- Languages Spoken: English and Arabic
Areas of Expertise
Audit & Assurance
Romany Shayb supports statutory and internal audit assignments for entities operating in the UAE, with a strong focus on compliance with applicable laws and international financial reporting standards. His work emphasizes clear audit outcomes supported by well-structured workpapers and evidence-based findings.
He also contributes to internal audit engagements aimed at assessing control maturity, identifying weaknesses in financial and operational processes, and helping management strengthen overall reporting reliability.
Financial Reporting and Process Optimization
He provides support in improving reporting processes so that financial information is delivered more clearly, accurately, and efficiently to management and stakeholders. His work includes close acceleration initiatives, reporting process discipline, and reconciliation improvements designed to reduce delays in period-end reporting cycles.
He also performs complex financial reconciliations to verify data integrity and resolve inconsistencies in corporate financial records.
Internal Controls and Risk Management
Romany Shayb conducts internal control testing to identify weaknesses and assess compliance with internal policies and external regulations. His work supports remediation efforts aimed at closing control gaps and improving the broader risk management posture of the organization.
He also advises on process discipline and the adoption of strong Standard Operating Procedures to bring greater consistency and reliability to financial workflows.
Key Experience
- Statutory and internal audit assignments for UAE entities
- Evidence-based audit reporting and defensible workpapers
- Financial reporting process improvement and optimization
- Close acceleration and period-end reporting support
- Complex financial reconciliations and data integrity review
- Internal control testing and gap identification
- Remediation planning for control weaknesses
- Process discipline and SOP-based workflow improvement
Case Study
Strengthening Control Maturity Through Disciplined Auditing
A UAE-based organization was facing disjointed financial reporting and inconsistent documentation, resulting in delays during statutory audit and uncertainty around the effectiveness of internal controls. The board needed a more disciplined financial management approach to improve reporting reliability and support long-term stability.
Under Romany Shayb’s audit and assurance leadership, a detailed review of the audit trail and reporting process was carried out. Process discipline measures were introduced to establish transparent, evidence-based documentation standards, while targeted remediation efforts addressed specific control weaknesses. Reconciliation procedures were standardized, and close acceleration measures were implemented in coordination with the internal finance team to support more timely period-end reporting.
The result was a significant improvement in control maturity and reporting efficiency. The next statutory audit was completed with stronger accuracy and without procedural delay. These improvements provided the board with more reliable financial information, supported regulatory compliance, and strengthened the organization’s operational stability.
Professional Approach
Romany Shayb’s professional approach is based on discipline, clarity, and evidence-based reporting. His work focuses on helping businesses strengthen audit readiness, improve internal controls, and create reporting environments that support both compliance and informed decision-making.
Whether the engagement involves statutory audit, internal audit, reconciliation improvement, or remediation planning, the objective remains to deliver defensible financial reporting, stronger workflow discipline, and more reliable organizational controls.
Summary Table
Focus Area | Scope | Key Service |
|---|---|---|
| Audit and Assurance | Statutory and Internal | Evidence-Based Findings |
| Process Discipline | Close Acceleration | Documentation & Workflow Standards |
| Internal Controls | Risk & Maturity | Remediation Programs & Testing |
| Financial Reporting | UAE Entities | Reporting Improvements & Reconciliations |