Internal Audit

Internal auditing is a consulting and assurance function designed to add value and enhance an organization’s operations. By employing a systematic and disciplined approach, it helps companies achieve their strategic goals through the effective assessment and improvement of risk management, control processes, and governance procedures.

At Al-Hisab Tax Consultancy, our internal audit services support boards and senior executives by providing expert guidance in enhancing the efficiency, quality, and value of internal audit functions. Our professionals at Hisab Accountants and Tax Consultants are dedicated to improving performance and operational efficiency by leveraging a deep understanding of industry-specific risks and potential areas for operational enhancement. With our comprehensive approach, internal audit functions can significantly contribute to organizational success and value creation.

Internal audits are conducted by organizations to identify deficiencies in operational efficiency, regulatory compliance, and internal controls. While internal staff can perform these audits, many businesses prefer to engage established internal audit firms, such as Hisab, to carry out this critical function. Internal audits verify a company’s adherence to both local and international standards and ensure alignment with effective risk management procedures.

Business owners initiate internal audits for various reasons, including monitoring the effectiveness of systems, identifying areas for improvement, ensuring compliance with legal and regulatory requirements, validating and reviewing financial data, evaluating the efficacy of risk management protocols, and meticulously examining operational workflows.