Today, business operations in the UAE require compliance with regulatory authorities and enterprise risk management. Farahat and Co. provides 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 are at risk of disruption due to inefficient internal controls. Our firms in Dubai ensure that the core business processes, such as finance, technology, operations, tax, and other risk monitoring processes, are executed according to their stringent internal control policies.
Farahat and Co. has an extensive team of experts providing outsourced or co-sourced In-house 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.
An In-house 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 is up to date with the industry standards of internal financial review.
Our auditors help businesses across the UAE to develop a potential inside financial review process in line with regulatory internal financial review compliance.
Some of the core services that Farahat and Co. provide are as follows:
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 inside 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 In-house audit services reports for your automation process assessment, so you can make accurate decisions regarding your process automation.
Using traditional methods to combat the rapidly changing risk environment is an in-house 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, compliant internal control strategy that adds value and growth to the business.
We provide both in-house audit outsourcing services and co-sourcing in the UAE that helps companies with:
➔ Regulatory and non-regulatory in-house audit compliance
➔ Business process assessments and improvements
➔ Internal audit controls development and execution
➔Financial review of the Information Technology process
➔ Information Security Services
Our team of experts aligns with the ISO 9001 in-house audit protocol, the latest standard in
inside controls.
Through decades of experience in the audit industry, Farahat and Co. is one of the top 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 reviews. Some of our core services include:
➔ Risk Assessment and Management
➔ Outsource and co-sourcing of in-house audit experts
➔ The periodic analysis of strategic performance 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 its best practices in the industry. In
turn, it helps businesses like yours to be cost-effective and save time by fixing the internal
controls the process through an impartial assessment.
Farahat and Co. is one of the top firms in the 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 in-house 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.
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