AUDIT IN DUBAI
Dubai VAT Services
Internal audit is an independent management function, which involves, a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto and add value to and strengthen the overall governance mechanism of the entity, including the entity’s strategic risk management and internal control system.
Internal auditing is performed by professionals with an in-depth understanding of the business culture, system, and processes, the internal audit activity provides assurance that internal controls in place are adequate to mitigate the risks, governance processes are effective and efficient, and organizational goals and objectives are met.
To acquire knowledge of the client's accounting system, policies and internal control procedures
To establish the expected degree of reliance to be placed on internal controls
To determine and programme the nature, timing, and extent of the audit procedures to be performed; and to coordinate the work to be performed