Avyanco Business Setup Consultancy

Level 36, Burj Al Salam Tower, Trade Center First, Sheikh Zayed Road, Dubai, UAE.

Search
Close this search box.

Internal Audit Services in Dubai and UAE

As all business owners and entrepreneurs are aware, Internal Auditing is a process that needs to be done regularly. Internal Audits help businesses accomplish their objectives with a systematic, thorough, and well-organized approach to evaluating and improving risk management, control, and governance procedures.

10+

Years Of
Experience

1500+ 
Audit Completed
Financial
Experts
2500+ Consultation

Government Agencies We Are Affiliated With

Internal Audit Services

Avyanco provides internal audit services in Dubai, UAE, to ensure the disruption-free running of your business. We help you to identify holdups and pain points at each level of your company’s operation. The internal audit services offered by Avyanco will ensure that your business accounting and auditing remains flawless.

Internal audits are imperative to determine whether a business is on the right path to growth and profitability. Internal audits can expose vulnerabilities and deficiencies in the existing management processes. When properly done by any of the top auditing firms and assurance in Dubai, an internal audit can come up with suggestions and changes to fix any discovered weaknesses. This includes solutions to ensure optimal consumption of resources – both financial and manpower. Business owners in Dubai depend on internal audits to comprehend how different divisions of an organization are operating.

Internal Audit company in Dubai

Why internal audits are performed in Dubai?

Divisions that are performing well can provide information that can help boost weaker divisions. Suppose a division is discovered to be non-productive. In that case, management can choose to reduce losses by liquidating the division or redeploying the division’s resources differently. Internal audits are performed in Dubai to:

Increase operational efficiency

Since internal audits are essentially periodic reviews of your organization’s policies and processes, they can help identify and mitigate business risks. Regular monitoring and reviews give you the inputs needed to improve the effectiveness of business operations.

Evaluate risks and protects assets

Internal audits enable management and stakeholders to pinpoint risks via systematic risk assessment. Risk assessment can help to identify existing gaps in the business processes and guide in overcoming the same.

Eliminate identified risks

Conducting internal audits for your business in Dubai lets you eliminate business risks. Regular internal auditing services allow the management to come up with the best possible solutions to identified major business risks.

Ensures compliance

Internal audit facilitates your company for the far more stringent external audits. It will be simpler to prepare the necessary legal and compliance documents with regular internal audits.

The advantages of regular internal auditing in Dubai

Regular internal auditing is advantageous for a business in the following ways:

  • Internal auditing enables your business evaluate its operational efficiency, thereby serving as a performance analysis.
  • Internal auditing can be a helpful tool for risk management by proactively identifying any irregularities or inconsistencies in your company’s operations or reporting.
  • Internal auditing can help your business reexamine its main business processes and provide the chance to scale up and improve continually.
Charts of Internal Audit

Flow Chart/Methodology of Internal Audit in Dubai

Define the Scope of Internal Audit which is a subjective matter from Industry to Industry. Here the Areas of Audit are based on the functions of the company such as financial, operational, information technology, regulatory compliance, human resources & payroll, general administration.

  • Draft the Risk Assessment Matrix – defining risk category of each process based on their functions.
  • Risk Based Internal Audit Plan – Identifying priority areas on discussion with management
  • Execution of the approved Internal Audit Plan
  • Submission of Draft Report highlighting the issues
  • Follow – up & Action Taken Report

Why Choose Avyanco for Internal Audit Services in Dubai?

Avyanco is one of the leading business setup consultancy firms in Dubai, UAE. Our expert team of top auditors in UAE is aware that the stringent internal audit process is vital and should be adhered to ensure the business’s proper functioning.

  • Improve Business Operations
  • Systematic Approach
  • Guarantees Improved Risk Management

Still Confused about taking your decision?

Taking a Consultation

  • Expertise

    Avyanco is renowned for delivering quality internal audit services and for its accountability and integrity.

  • Ease

    Our services will act as an independent advising body to your company’s management.

  • Clarity

    Avyanco’s internal audit services also ensure that you can identify any kind of fraudulent activity in your company.

Meet Our Specialists

Google Reviews

Join 20,000 Happy Customers

surabhi mathur
surabhi mathur
21 November 2023
The visa process for my company set up was extremely smooth.Ankit from Avyanco was the point of contact and he gave us all the information as and when we required . He was available all the time over the phone and the whole process was absolutely seamless
Saad Raza
Saad Raza
20 November 2023
Appreciation for Outstanding Service Dear, Avyanco I am writing to express my sincere gratitude for the exceptional service provided by your team. The professionalism, attention to detail, and promptness exhibited by Mr. Ankit have truly exceeded my expectations. From the initial inquiry to the finalization of the License, the entire process was seamless and stress-free.Mr. Ankit demonstrated a deep understanding of my needs and went above and beyond to ensure a smooth experience. I want to commend Avyanco for fostering a culture of excellence. The commitment to customer satisfaction is evident in every interaction. I will undoubtedly recommend your services to friends and family and look forward to engaging with your agency for any future needs. Thank you once again for setting a benchmark in customer service. Sincerely, Saad Raza
ARAFAT HOSSAIN
ARAFAT HOSSAIN
14 November 2023
Excellent service
tushar sajnani
tushar sajnani
9 November 2023
Special thanks to Gritsa, for her kind assistance and continuous follow up till all required was completed accordingly. Regards, Tushar Sajnani
lucas pagno (guga)
lucas pagno (guga)
6 November 2023
Harmisha was so attentive and answered all my questions. The services were quickly and fairly priced. Thank you so much Harmisha, If I need it in the future I'm already close with Avyanco.
vinay kumar Tiwari
vinay kumar Tiwari
3 November 2023
I had wonderful experience with Avyanco for all my Business Setup Needs . Astha was highly professional in handling my process and make it smooth . I highly recommend Avyanco for all the Business Setup needs in UAE

Popular Questions

Frequently Asked Questions Internal Audit Services in Dubai
How long does an internal audit in Dubai take?

On average, an internal audit in Dubai typically takes 3 to 4 weeks depending upon the size of the organization & the industry.

Is it mandatory to have an internal audit in the UAE?

The Commercial Companies Law in UAE mandates audit of accounts are required for all companies in the mainland.

Do FZE companies need to be audited?

Companies that are situated in UAE free trade zones do not mandatorily get audited. However, some free trade zones like DAFZA, DWC, JAFZA, DIFC, DSO, and Creative City make it mandatory to submit audited statements.

Is it mandatory to have Internal Audit?

Companies regulated by the Dubai Financial Services Authority (DFSA) are required to establish and maintain an internal audit function with an added responsibility to monitor the appropriateness and effectiveness of its systems and internal controls. Furthermore most of the companies have established an internal audit activity as one of its core organizational governance elements.