Internal Audit Services
Internal Audit Services
Today, business operations in the UAE require compliance with regulatory authority and enterprise risk management. Farahat and Co provide an extensive range of internal audit services in Dubai and the other emirates to protect businesses by mitigating potential risks and adding value to their growth. Businesses face a risk of disruption due to inefficient internal controls. Audit firms in Dubai ensure the core business processes such as finance, technology, operations, tax, and other risk monitoring processes have executed their stringent internal control policies.
Farahat and Co have an extensive team of experts providing outsourced or co-sourced internal audit staff who have experience advising businesses like yours about risk management and regulatory and legal compliance through the use of the latest technology as per the industrial standards.
Internal Audit Services Offered by Farahat and Co
An internal audit aims to provide a systematic and disciplined approach to a company’s risk management policies and how to implement them effectively. Our team of dedicated internal auditors, CPA and chartered accountants are up to date with the industry standards of internal audit. Our auditors help businesses across the UAE to develop a potential internal audit process in line with the regulatory internal audit compliance. Some of the core services that Farahat and Co provide are as follows:
1. Internal Audit for Automation
Robotic processes are taking over traditional accounting systems. If you plan to automate your business process, you must migrate with utmost care. Automation seamlessly works when you have an internal controls policy to automate and migrate to a better process. We provide continuous auditing, data cleaning, and analytics throughout the automation process. Our team offers internal audit services reports for your automation process assessment so you can make accurate decisions regarding your process automation.
2. Governance, Risk Management Compliance (GRC)
Using traditional methods to combat the rapidly changing risk environment is an internal audit issue. Farahat and Co’s Governance, Risk and Compliance services provide internal audit and risk management in fraud and theft analytics, tax management, financial instruments, Treasury, Information Technology, shared services, operational Management, procurement and other potential areas. Our team of qualified experts works with the company’s Management, such as in-house internal auditors and directors, to develop a robust internal control strategy that is compliant and adds value and growth to the business.
3. Internal Audit Management Services
We provide both internal audit outsourcing services and co-sourcing in the UAE that helps companies with:
➔ Regulatory and non-regulatory internal audit compliance
➔ Business process assessments and improvements
➔ Internal audit controls development and execution
➔ Audit in Information Technology process
➔ Information security Services
Our team of experts aligns with the ISO 9001 internal audit protocol, the latest standard in
4. Internal Audit Services across various industries
Through decades of experience in the audit industry, Farahat and Co, is one of the top audit firms in Dubai.We span our expertise across different sectors, such as healthcare, hospitality, banks and financial institutions, educational institutes, government organizations and more,
conducting compliance, operational, and financial audits. Some of our core services include:
➔ Risk Assessment and Management
➔ Outsource and co-sourcing of internal audit experts
➔ The periodic analyzation of strategic performances and quality controls
➔ Transfer of knowledge and expertise by providing training to employees
➔ Development of the process through continuous improvement.
Our team covers all the aspects of internal audits through their best practices in the industry. In
turn, it helps businesses like yours to be cost-effective and save time by fixing the internal
controls process through an impartial assessment.
Are You Looking for the Best Internal Audit Services in Dubai?
Farahat and Co are one of the top internal audit firms in UAE. Having shared decades of expertise in internal and external audits, we help businesses in the UAE strategies and implement control measures effectively. We have seen a growing demand for internal audits in recent years due to government regulations and an increase in the number of investments in businesses. Our team helps you detect lapses within your company’s processes before external auditors discover them.
We meticulously strive to train our team of experts to the highest industry stands for risks, frauds and compliances using the latest methodologies and information technology. Learn more about how you can transform your business from a reactive to a proactive model through a robust internal control process. Click here to book a consultation today.