Internal Audit Services
BY AKM ACCOUNTING
AKM Accounting is one of the leading internal audit firms in Dubai, dedicated to serving clients across different industries and sectors. We leverage our unmatched skills and expertise to turn a conventionally tactile and combative function to a strategic model that fosters operational distinction, improves financial efficiency, and ensures regulatory compliance. This, in turn, improves a company’s operational capabilities and streamlines the management team. Our auditors deliver industry-centric, risk-based internal audit services based on our clients’ business structure and operation size. As a norm, we start by understanding and evaluating the clients’ business. We then determine potential risks and channel our energy to solving important, delicate matters first. Our audit consultants boast years of industry experience and possess matchless skills to craft reliable internal controls that yield positive results.
Importance of Internal Audits
The purpose of an internal audit is to assure that a firm’s governance, risk management, and internal control procedures are managed efficiently. Our consultants in UAE inspect the company and its operations in an effort to add value and enhance function. In other words, internal auditing is a reagent for improving risk management as well as rationalizing governance and management controls. It does this by analyzing findings, interpreting insight, and sharing recommendations based on data and business process analysis & reporting. That is the value AKM Accounting auditors bring to your company.
Internal Audit Service We Offer
Focuses on accounting and reporting of financial transactions, including commitments, authorizations, receipt, disbursement of funds.
Our operational audit specialists evaluate the company’s functional competence. The analysis and recommendation for changes are shared with the management for immediate action. The purpose of an operational audit is to spot non-conformity in process implementation.
Reviews adherence to laws, regulations, policies, and procedures. The compliance Audit may be conducted both for Internal Compliance and external compliance.
Our investigation audit process is characterized by detection, mapping out, measurement, and deterrence of terror finance, money laundering, or fraud. Our auditors examine accounts and the accounting process execution to identify financial mishaps and trace the movement of assets and funds.
Supply Chain Audit
This process involves managing the flow of goods and services and movement and storage of finished goods, raw materials, and inventory from one place to another. AKM Accounting auditors conduct a thorough evaluation to ensure a streamlined supply chain process.
AKM Accounting specializes in cost audit and analysis to manage costs, increase revenue, and encourage sound management decisions. Our advisory specialists will help you with evaluation and enhance performance, eventually growing profitability.
Due Diligence Audit
This is an examination of an individual or business before signing an agreement. We could examine for different purposes, including privatization, merger & acquisition, or finance transaction. It is meant to assess the credibility of the party in question.
Information Systems Audit
Our information system audit involves standardization, boost business system and efficiency, and streamline disaster recoveries, plans for contingencies, and process control. A well-managed information system ensures the efficiency of the overall business functions.
How We Help
As one of the top internal audit firms in Dubai, we are well-equipped with highly skilled and analytical specialists who can solve most of your auditing issues by providing proven solutions. Here is what you can expect from our audit services:
- We advise and help in the creation of risk management and internal audit procedures.
- We help in evaluating the efficiency of the internal audit function.
- We can develop interior audit delivery solutions that can help in improving in-house functions with geographical coverage and expert skills.
Internal Audit – FAQ
The purpose of an internal audit is to add value and enhance a firm’s operations. Auditors assure the management that risks are detected and coped. The process ensures operational data is accurate, financial management is efficient, and all operations are done based on the set-out procedures.
The department chosen for audit depends on the risk assessment process. There are several factors to consider, including the department’s nature and size, cash receipts, compliance risks, staff transfers, and more.
Departments that are at high risk undergo continuous auditing than others, or as requested by the management.
- Financial Audit
- Compliance Audit
- Operational Audit
- Investigation Audit
- Supply Chain Audit
- Cost Audit
- Due Diligence Audit
- Information Systems Audit
You may contact us or send us an email.
Audits can help evaluate a company’s function and controls. They are highly recommended to ensure compliance.
Any authorized person may request a company’s internal audit by contacting AKM Accounting by email or through the phone. Our advisory team will evaluate your case, and we shall decide the best approach to meet your needs.
It depends on the complexity, size, and risk involved in the departments. The budget also has to be set during the planning stage. But in general, an audit may take between 1- 6 months.