What is the process of Internal Auditing in Dubai?
Internal audit is an independent consultation activity which is aimed at improving the performance of the organization. This process of internal auditing mainly aids businesses in the UAE to easily achieve their business objectives via a systematic approach that evaluates the operations, and this improves its efficiency. This in turn leads to better risk management, operations and governance process. The reports generated after conducting internal audit helps the company as well as decision makers to identify those areas which need corrections, innovation or even a major overhaul. An auditor not only reviews finance and IT but is also responsible to review the supply-chain, and ethical conduct of the company. Importance of Internal Auditing One of the main functions of an internal audit is to provide assurance to the company from an outsider’s perspective with respect to the risk management, governance and internal control processes and that they are functioning effectively. It also de