Internal Audit & Control
Internal Audit and Control Services in Abu Dhabi
Internal Financial Audit & Control for your Firm
With the rise in corporate scandals and irregular financial practices, the need for an accounting control of a Company is increasing all the time. It is important that the business owner put measures in place that protect the company’s financial and management data, in accordance with the laws and regulations of the state and the federal government. A small measure of internal accounting control will simplify a significant process of handling business and reduce management risks.
Our Accurate Accountants help you design company manual, system, and procedure, authority level, approval level in each department of the organization which simplifies the responsibility of each employee. We conduct the periodical internal audits control on books of accounts, systems, and controls of the client organization.
Internal audit is an independent evaluation and advisory process that seeks to add value and enhance the operations of an organization. It can help a company achieve its strategic goals by consistently and disciplined approach and enhancing the performance of risk management , control and governance.
ACCURATE Internal audit and control management Abu Dhabi services help boards and senior management handle organizational risks more efficiently. Professionals from ACCURATE support organizations, from internal audit, to increase performance, quality and value. ACCURATE broad risk understanding and organizational improvement areas , especially the distinctions between specific industry sectors and markets sectors, can lead to improved efficiency and operational efficiency gains between internal audit functions and enhances their organization’s value.
Internal audit and control management Abu Dhabi
Outsourcing engagements are recurring in terms of ACCURATE, including strategic planning, implementation of the annual plan and reporting to the Management and the Audit Committee. The client may or may not have a Chief Audit Executive inside its organization under an outsourcing arrangement.
The Internal Audit Service is an autonomous, analytical and strategic activity designed to add value and improve the operation of the company. Internal financial audit firm Abu Dhabi helps companies achieve their goals through the creation of a methodical, systematic and structured framework for risk management, control and governance processes to evaluate and improve effectiveness.
An internal audit is an operation performed by the corporate auditor in order to comply with information management standards. It is an autonomous assessment method for the review of activities as a service to a company in an organisation.
What is the Role of an Internal Auditor?
The role of the internal auditor is to provide management with independent assurance of internal controls, risk management policies and management. The work of the Internal Auditors includes monitoring, review, risk assessments and analysis; inspection and ensuring that information is given and that policies , procedures and laws have been complied with. The Internal Auditor shall examine the accomplishment of the Senior Management’s priorities and objectives. In the case of deficiencies, the auditor may identify process weaknesses and recommend changes in order to address them.
Objective of Internal Audit
Internal audit helps to determine and enhance governance, risk management and control systems effectiveness. The ultimate purpose of the Internal financial audit firm Abu Dhabi is to help all managers carry out their duties. To assist them in critical research, advice and related remarks in any step of business where they can represent management. In short, an internal audit helps to handle: –
- Assessing the Risk involved
- Assistance management in internal control assessment
- Bridging the holes by increasing internal monitoring and meeting organizational goals
- Performance evaluation and efficient risk management
- Help identify the variances from KPI and get the right recommendation/improvement suggestion
- Verifying compliance with plans and sound business requirements and also focusing on objectives
- To determine facts about the condition and difficulties
ACCURATE Accountants is a leading Auditing firm in the UAE. If you are looking for Financial Control Audit, Internal audit and control management in Abu Dhabi, then you are in the right place. ACCURATE provides highly qualified professionals in the related field of work by providing a wide range of Audit and assurance services all over UAE – Dubai, Abu Dhabi, Ajman, Sharjah, Fujairah & Ras Al Khaimah.
Our ACCURATE Accountants assist in the design of the manual, structure and methodology for each department of the organization, the authority level and approval level, thereby streamlining every employee’s duty. We perform routine, in-house audits of account books, processes and controls of the client organization.
ACCURATE also provide the following related services,
- Outsourced accounting and bookkeeping services Abu Dhabi
- Vat accounting services in Abu Dhabi
- Tally ERP services Abu Dhabi
Testimonials
“As a business owner, I would highly recommend the help of these guys, they are trustworthy and have a great work ethic, they help me to perform internal audits efficiently and they show a great job performance.”
Eric John
Manager H&S