Fazal Mahmood & Company

Internal Audit

We Provide Audit Solutions That Drive Better Governance

FMC Accountants is comprised of a diverse team of professionals proficient in conducting financial and operational internal audits, evaluating business processes, assessing risks, and implementing internal controls, thereby enhancing the organization’s existing internal audit functions.

FMC Accountants addresses various business dimensions, including organizational ethics and values, communication pathways, performance management, and control information, to support the establishment of a robust governance framework. Conducting an internal audit is instrumental in pinpointing deficiencies in business structure, operational effectiveness, and adherence to regulations. Our internal audit services in Dubai, Abu Dhabi, and Sharjah, UAE, aim to boost business performance, increase organizational value, and improve cross-functional collaboration. We offer the following services:

  • Ongoing auditing and oversight
  • Management of enterprise risks
  • Governance, risk, and compliance oversight
  • Internal auditing and strategic procurement
  • Advisory services and internal control frameworks

FMC Accountants evaluates various elements of a business, including its ethical standards and values, communication pathways, performance management systems, and control information, to support the establishment of a robust governance framework. Conducting an internal audit is instrumental in uncovering deficiencies in the business structure, operational effectiveness, and adherence to regulations. Our internal audit services in Dubai, Abu Dhabi, and Sharjah, UAE, are designed to enhance business performance, increase organizational value, and improve coordination across different functions.

Benefit Of Internal Audit Services

Internal audit services in Dubai, UAE, play a crucial role in assessing your company’s internal governance, evaluating the performance of various departments, and ensuring that your financial statements and accounts are current, accurate, and free from errors. These services also help determine if you are meeting your targets and complying with government regulations and deadlines. Prior to undergoing an external audit in Abu Dhabi, engaging an internal audit service in the region allows you to identify and address any issues related to your company’s operations or financial management. Additionally, it provides an opportunity to correct any discrepancies. Key responsibilities of an internal auditor in Dubai include:

  1. Risk factor evaluation in Dubai, UAE  
  2. Assisting company management in evaluating internal controls  
  3. Analysis of process efficiency and risk management practices  
  4. Aiding in the identification of discrepancies from key performance indicators (KPIs) and providing suggestions for improvements  
  5. Assisting in the development of strategies to meet organizational objectives  
  6. Recognizing and evaluating evidence of problems or circumstances in general  

Why Choose FMC Accountants

Maintaining a rigorous internal audit process is essential for the effective operation of any business. FMC Accountants provides extensive internal audit services in Dubai, UAE, tailored for various types of companies, with the goal of enhancing business operations and delivering high-quality consultancy. Our methodical and disciplined approach guarantees improved risk management, control, and governance. FMC Accountants is recognized not only for its superior internal audit services in Dubai and Abu Dhabi, UAE, but also for its commitment to accountability and integrity. Additionally, our services serve as an independent advisory resource for your company’s management, collaborating closely to thoroughly assess all systems and operations. This ensures that you are not only following best practices but also adhering to governmental regulations. Another advantage of engaging FMC Accountants for internal audit services in Dubai and Abu Dhabi, UAE, is the ability to detect any fraudulent activities within the organization.

Advantages of engaging our internal audit services in Dubai

The advantages of engaging our internal audit services in Abu Dhabi are as follows:

Feel Free To Ask any Question

We would love to hear from you.

FAQ?

Certainly not! The internal audit report is utilized by management, while external audit reports are necessary for stakeholders and creditors. Additionally, internal audits focus on assessing risks related to the company’s internal controls, whereas external audits evaluate the overall financial status of the business.

Internal audit activities are grounded in risk assessment and cover both the financial and non-financial functions of an organization.

Internal auditors contribute to the success of your organization by offering a blend of assurance and consulting services. The assurance aspect primarily focuses on assessing the effectiveness of the systems and processes established to ensure the organization remains aligned with its objectives.

An internal audit normally takes 1 to 2 weeks to be carried out and has to be carried out continuously over period for a financial year under consideration.

 
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