Internal Auditing: Business Pillars CPAs

For internal auditing, Business Pillars CPAs الاستشارات اللازمة لتحقيق أفضل الأهداف والامتثال للمعايير القانونية التي تقرها الجهات الحكومية.

1- Selection

• Internal audit activities are selected using a risk-based approach.
• approved by the Executive Committee and the Audit Committee under مجلس الادارة.
• Audits may also be initiated based on concerns reported via the Fraud and Ethics Reporting Line.

2- Planning

• Every audit requires comprehensive planning, starting with defining the scope and objectives and progressing to formulating the audit steps needed to achieve those objectives.

3- Fieldwork

• During the fieldwork phase, auditors implement the predefined steps from the planning stage.
• These steps typically involve conducting interviews, reviewing laws, policies, and best practices, validating samples, analyzing datasets, and conducting surveys.

4- Reporting

• At the conclusion of the fieldwork, a closing meeting is held with management to discuss the internal audit findings, specific observations, recommendations, and additional feedback.
• Management is then provided with an Audit Observation Memorandum, requesting a corrective action plan and a timeline for its implementation.

5- Follow-Up

• All audit recommendations and corrective action plans submitted by management are systematically tracked to ensure effective implementation.
• This process aims to provide assurance that the plans have been successfully executed.

Request Internal Audit Services from Business Pillars

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