Internal Audit Services

As one of the leading internal audit firms in the UAE, Eslam Elgendy provides highly effective internal audit services to ensure your business operates smoothly. Our internal auditors in the UAE ensure that all your business’s internal processes align with your strategic goals.

We help you identify obstacles and risks while proposing solutions to eliminate them. Our primary mission is to ensure that every internal activity contributes significant value, enhancing your business operations.

Internal audits offer valuable insights into the operations of each division within a company. They provide performance data related to specific divisions, helping to identify both strong and weak areas.

Management and stakeholders can leverage data from high-performing divisions to improve those that are underperforming. Additionally, businesses can assess which non-productive divisions may need to be liquidated and which can thrive with minor adjustments.

As one of the premier accounting firms in the UAE, we conduct comprehensive internal audits to ensure that:

Internal controls work effectively to mitigate risks
Processes are effective
The organization is working positively towards its goals

Enhance Operational Efficiency

Internal auditors consistently monitor and review your organization’s policies and processes. The insights and feedback they provide help identify and mitigate business risks, ultimately improving the efficiency of various divisions within the company.

Assess Risks and Safeguard Assets

Internal audits deliver essential insights to identify risks through a systematic risk assessment process. Our internal auditors assist management in recognizing weaknesses in internal processes and offer guidance on how to address them effectively.

Remove Identified Risks

After receiving the necessary guidance from the auditors, you can take action to eliminate those risks. Stakeholders should engage in discussions about all the business and operational risks highlighted by the auditors and collaboratively develop strategies to mitigate or eliminate them promptly.

Maximize Resource Utilization

Internal audits assist in identifying resources that are underutilized or not fully optimized. Management can enhance the use of these resources, leading to improved control over expenditures and costs.

Maintain Compliance

Internal auditors ensure that your company adheres to all relevant laws and regulations in the UAE. Throughout the internal audit process, auditors prepare legal and compliance documents that offer essential information and guidance to help you stay compliant.

Establishing New Standards

Regular internal audits reveal new benchmarks and reference points that can be integrated into daily operations. These new standards become integral to workforce activities. Internal auditors continuously identify such benchmarks to improve operations and help achieve business objectives.

Regular internal auditing is advantageous for a business in the following ways:

Internal auditing allows your business to assess its operational efficiency, functioning as a performance analysis tool.
It serves as a valuable tool for risk management by proactively identifying any irregularities or inconsistencies in your company's operations or reporting.
Internal auditing also provides an opportunity to reassess key business processes, facilitating continuous growth and improvement.

Methodology

The scope of an internal audit can vary significantly across different industries and is influenced by the specific type of business. Typically, an internal auditor reviews various functions within a company, including financial operations, operational efficiency, information technology, regulatory compliance, human resources, payroll, and general administration.

Eslam Elgendy Auditing, one of the top-rated auditing firms in Dubai, UAE, follows this comprehensive methodology for internal auditing:

Eslam Elgendy offers top-notch internal audit services in the UAE, backed by a team of seasoned auditors with years of experience in the field. We possess a thorough understanding of various businesses and industries, enabling us to produce audit reports that align seamlessly with your organizational goals.

Our Key Specialties Include:

Improve Business Operations
Systematic Approach
Guarantees Improved Risk Management

Some frequently asked questions about the service

Is Internal Audit Mandatory in the UAE?
Internal audits are not mandatory for companies in the UAE. However, they are highly recommended as they enhance accuracy and transparency in financial statements. Internal audits offer valuable insights and help businesses remain compliant with laws and regulations, including VAT and ESR filings.
How Much Do Internal Audit Services Cost?
The cost of internal audit services varies depending on the size of your organization and the industry you operate in. Several factors influence the pricing. Eslam Elgendy, as one of the leading internal audit firms in Dubai, offers affordable and customized packages tailored to meet the needs of businesses of all sizes.
What Is the Audit Process in the UAE?
The audit process begins with internal auditors defining the scope of the audit. They then categorize risks based on priority. Following this, a risk-based internal audit plan is developed and presented to stakeholders for approval. Once the plan receives approval, it is executed, and all observations are compiled into a draft report. The final step involves submitting an Action Taken Report (ATR) to management, detailing the status of the executed tasks.
What Is the Scope of the Internal Audit in Dubai?
Internal audits in Dubai focus on ensuring the accuracy of financial and operational information, eliminating discrepancies in statements. Auditors review the methods employed to track and prepare this information, assessing all processes in terms of cost and benefits. This thorough evaluation helps ensure that the business operates smoothly and remains profitable.
How Do Internal and External Auditors Differ?
Internal auditors are typically appointed by management to deliver accurate and transparent analyses of a company's financial and operational status. In contrast, external auditors are independent professionals who provide an impartial opinion on the company's financial statements on an annual basis.
24/7 Support: 971556604347

Our dedicated customer service team is always ready to assist you with any questions or concerns you may have.

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Contact With Us!

7869+JCF – Al Maktoum Rd – Deira – Riggat Al Buteen – Dubai

Call us: (+971) 556604347

Mon – Sat: 8.00am – 18.00pm / Holiday : Closed

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