Internal Audit in Dubai and UAE

HLB HAMT Internal Audit Firm in Dubai

• Outsourced Internal Audits: We offer comprehensive outsourced internal audit services in Dubai to ensure robust governance and compliance. Our team is equipped to assist businesses with specific issues, providing tailored solutions that address challenges and enhance overall organizational effectiveness.
• Internal Audit Co-sourcing: Our co-sourcing internal audit solutions are crafted to enhance audit quality, increase value, improve risk and control management, and focus on core business capabilities while reducing costs.
• Internal Audit Resource Outsourcing: Internal Audit Resource Outsourcing: We provide skilled auditors who integrate seamlessly with your internal audit team, working remotely or onsite in the UAE, to enhance your internal audit function and operational effectiveness through effective internal audit resource outsourcing
• Internal Control Studies: Our team conducts internal control studies to identify control gaps and design necessary controls using a structured, three-step methodology covering assessment, development, testing, and monitoring to fortify your internal processes
• Risk Advisory: As a premier risk advisory firm in the UAE, we help businesses integrate risk into strategic decision-making, transforming potential disruptions into business opportunities with our systematic advisory services.
• Enterprise Risk Management Services in Dubai: Our holistic ERM approach aids businesses in understanding and managing risks, increasing transparency, and promoting accountability through strategic implementation of ERM frameworks.
• Forensic and Fraud Investigations: Our experienced forensic professionals specialize in forensic and fraud investigations to identify fraudulent activities such as conflicts of interest, embezzlement, misappropriation of assets, and more, providing clear reports for management and legal proceedings
• Internal Audit for UAE PJSC Companies: The Internal Audit for UAE PJSC Companies is a focus of HLB HAMT, as we are an SCA-certified auditor authorized to conduct rigorous internal audits for UAE public joint stock companies, upholding the highest regulatory standards.
• Development of Risk Registers: Effectively manage potential risks with our comprehensive risk register preparation services. We collaborate closely with your departments to establish risk registers that align with regulatory requirements and industry best practices.
• Internal Audit Training and Advisory: Our expert trainers equip your staff with the latest tools and practices, promoting skill development to meet evolving industry standards. We also provide tailored advisory services, offering expert consultation and specialized training to enhance your internal audit functions and deliver tangible value to your organization.

The Purpose of Internal Auditing Services in Dubai UAE

• Provide independent assurance about an organization’s functioning.
• Assess and improve the effectiveness of risk management, control, and governance procedures.
• Encourage responsibility and provide value to senior management and stakeholders.
• Ensure that adequate controls, governance, and risk management procedures are in place.
• Create rigorous measures to detect and prevent fraudulent activity.

HLB HAMT’s Internal Auditing Services In Dubai UAE

As internal audit services in Dubai UAE, we focus on:

• Risk Evaluation: Critical in assessing risks that an organization faces and identifying opportunities for improvement.
• Control Monitoring: Monitoring and assessing the effectiveness of internal controls to ensure they operate effectively.
• Accuracy of Reporting: Ensuring the accuracy and reliability of financial and operational reporting to enhance stakeholder trust.
• Operational Improvement: Reviewing processes and procedures to offer independent insights and improve operational efficiency.
• Fraud Investigation: Investigating fraudulent activities and implementing safeguards to prevent recurrence.
• Strategic Risk Management: Enhancing the overall governance mechanism, including strategic risk management practices.
• Independent Advice: Providing valuable insights and recommendations to senior management.

Benefits of Outsourcing Internal Audit Services in the Dubai UAE

Outsourcing internal audit services in Dubai UAE with HLB HAMT, the leading internal audit company in Dubai, offers several advantages:

• Compliance with Regulations: HLB HAMT’s internal auditors ensure adherence to local rules and regulations through thorough evaluations of organizational processes.
• Industry Best Practices: As an experienced internal audit firm Dubai, HLB HAMT brings valuable insights into industry-specific and general issues, enhancing problem resolution.
• Impartial Evaluation: An objective audit by HLB HAMT provides clear assessments, fostering new ideas to improve performance and reduce risk.
• Cost and Time Savings: Outsourcing enables organizations to save money and allows employees to focus on core competencies.
• Enhanced Accountability: Our internal auditing promotes integrity, adding value for governance bodies and senior management.
• Effective Risk Management: We identify key risks and assess existing risk management processes for effectiveness.

What makes HLB-HAMT Internal Audit different?

• Certified professionals, including CA, CIA, ACCA, and MBA holders with 25 years of expertise.
• Extensive cross-industry experience in manufacturing, trading, retail, facility management, real estate, pharmaceuticals, and services.
• Utilization of advanced technology for analysis and documentation.
• Adhere to strict deadlines for the delivery of services.
• Objective, fact-based audits ensuring thoroughness and impartiality.
• Focus on process improvement and compliance.
• Local insight paired with global reach as a member of HLB International Limited.

Strengthen your internal controls, drive organizational excellence!

Get in touch with HLB HAMT immediately to find out how our comprehensive internal audit consulting service can improve governance, simplify risk management, and guarantee adherence to regulations for your company. Our staff is committed to assisting you in refining internal procedures so that your business can run more effectively and efficiently overall

 

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Internal Audit Services in UAE

Frequently Asked Questions—Internal Audit Services in Dubai, UAE

1. 1. What are the benefits of internal audit for companies in the UAE?

      Internal auditing is an impartial, objective assurance and consulting activity that seeks to provide value and enhance an organization’s operations. A robust internal auditing system ensures better management of your firm by enhancing governance and risk management controls while also guaranteeing that your business goals are met.

   2. What are the processes followed by HLB HAMT’s internal audit consultants in the UAE?

      At HLB HAMT in the UAE, our internal audit services procedure includes:

      • Analyze the organization’s objectives, risks, and controls.
      • Collecting evidence through questions and analytical techniques.
      • Analyzing data using modern techniques.
      • Reviewing documents for accuracy before reporting.

   3. How experienced is HLB HAMT’s team in performing internal audits for companies?

      With 25 years of experience, our certified staff has extensive understanding of auditing across multiple industries, ensuring expertise specific to your firm.

   4. How does HLB HAMT maintain the confidentiality of our company information during audits?

      We closely adhere to professional norms to protect your information, maintaining complete confidentiality throughout the auditing process.

   5. What is the average timeframe for doing an internal audit with HLB HAMT?

      The schedule will vary depending on the size of your firm and the extent of the audit, but we work hard to deliver works on time.

   6. Can I seek help from HLB HAMT’s internal auditors in specific areas?

      Yes, our skilled team is well-versed in internal audit services across multiple areas, so you can seek their assistance.

   7. How much do HLB HAMT’s internal auditing services cost?

      Our cost is based on your company’s size, transaction complexity, turnover, and audit scope. We try to provide competitive pricing that meets your demands.

   8. Is internal audit mandatory in the UAE?

      Yes, internal audits are essential for companies in the UAE to ensure the accuracy and correctness of accounting records.

   9. What are internal controls and how is internal audit different from internal controls?

      Internal controls are the policies and procedures designed to ensure that management directives are carried out as planned. Controls are established by management to ensure operations are efficient, financial reporting is adequate, assets are safe-guarded, and procedures adopted are in compliance with laws, rules, and regulations. On the other hand, internal audit is an independent activity carried out by a set of individuals to provide assurance to management that the design of internal controls is appropriate and are working properly.