Internal Audit is a Business Pillar

For internal audits, we offer Business Pillars provides the necessary consultancy to optimize objectives and comply with legal standards set by government agencies.

1:

• Internal audit activities are selected using a risk-based approach.
• An annual audit plan outlining the potential risks and impediments to the objectives is prepared and approved by the Executive Committee and the Audit Committee of the Board of Directors.
• Audits can also be initiated based on concerns reported via the Fraud and Ethics Reporting Line.

2- Planning:

• Every audit requires thorough planning, from defining the scope and objectives to formulating the audit steps needed to achieve the set objectives.

3- Field work:

• During the fieldwork phase, auditors perform the steps identified during the planning process.
• These steps typically include conducting interviews, reviewing laws, policies, and best practices, verifying samples, analyzing data sets, and conducting surveys.

4. Reporting:

• A closing meeting is held with management at the end of the fieldwork to discuss internal audit findings, specific observations, recommendations, and other observations.
• Management is contacted via an audit observation note with a request to submit a corrective plan and a timeline for its implementation.

5- Follow-up:

• All audit recommendations as well as corrective action plans submitted by management are systematically tracked to ensure their implementation.
• This is intended to provide assurance that the plans have been effectively implemented.

Order an internal audit service from Business Pillars

In the end, you can now request an expert consultation and for more details about Pillars of Business services, please contact us and request services that meet all your needs accurately and efficiently.