Internal Audit services help businesses to enhance the productivity by improving the performance and value of the business through internal auditing.
Internal auditing help an organization achieve its strategic objectives by implementing a disciplined and systematic approach. Internal audit services will amplify the growth of the company by evaluating and improving the performance, productivity, and effectiveness of risk management.
The internal audit enables a business to increase the efficiency of the organization’s operations by analyzing and controlling the risk factors. BMS Auditing have the best and most experienced internal auditors.
Internal auditing is an objective assurance and consulting activity designed to add value and improve business operations.
Internal audit helps the top management and board of directors to identify and analyze the risks and threats that will impact the stability and performance of the company. Through an internal audit, the company will be able to overcome the risks and threats or at least minimize the impact.
Scope of work for Internal Auditors
Internal audit services ensure that the company is operating properly, reasonably, and heading towards the right direction, by achieving the objectives and goals of the business. To do this, internal auditors work with an organization to systematically review its systems and business operations. Internal auditor serves with many key principal tasks such as risk assessment, documentation, control assessment, testing, and reporting.
Internal audit may also involve conducting fraud audits to identify potentially fraudulent acts which are participating in fraud investigations under the direction of fraud investigation professionals, and conducting post investigation fraud audits to identify control breakdowns and establish financial loss.
Advantages of Internal Audit Services
Our professional internal auditors conduct the complete internal audit project on behalf of the client and prepare a professional and standardized internal audit report that will help the organization in many ways, such as:
- Improving the operation efficiency
- Effective internal control
- Enhancing financial reliability and integrity
- Identify the risks and threats
- Compliance with laws and regulations
- Protection of assets and reduce the possibility of frauds
Internal Audit Advisory
Internal audit advisory helps the organization to understand the areas of improvement. Our professional and certified internal auditors will provide a recommendation to enhance the performance of the operational activities of the company and bring value to the business.
Internal audit services deliver insights and foresight across your business to tackle the future and helps to build confidence to move faster and act decisively.
Challenges for Internal Audit
A strategically orientated and structured internal audit function can play a vital role in assisting the Board of Directors, Audit Committees and management in achieving these business challenges. Internal audit can add value by
- Focusing on risk areas through the participation in governance & risk management processes.
- Evaluating and recommending process improvement opportunities.
- Researching best practices and making recommendations for change.
- Monitoring the implementation of management strategic actions.
- Organizing itself as a cost effective business unit. When designing an internal audit function, strategy must drive tactics, not the reverse.
Our internal auditors are providing the best internal audit services in UAE, KSA, Qatar, Bahrain, Oman, India, UK and USA. Audit services are one of our core strengths. Our professional internal auditors dig deep and see areas in your organization that need attention and help you to embed control by providing the outstanding internal audit.
Our auditor aims to be effective and add maximum value to the organization by addressing the right risks and by identifying the opportunities to increase the potential and efficiency of the company to meet the strategic objective. Internal audit will boost the performance of your company by maximizing the output and minimizing the risk and threats.
Internal audit will also ensure that the organization’s policies are implemented properly and effectively. BMS Auditing is providing quality internal audit services and we recommend that the all the companies in GCC must conduct internal audit once a year. For internal audit services, contact us.