Internal Audit
Service in Bahrain
External or Statutory Audits – The objective of a statutory audit is to determine whether an organization is providing a fair and accurate representation of its financial position by examining various financial and banking records.
What is Internal Audit?
Internal Audit is an independent consulting activity designed to improve an organization’s business operations. Internal Audit helps the organization in achieving its business purposes.
Who are Internal Auditors in an Audit Firm?
Internal auditors are highly qualified team to ensure financial auditing, quality assurance and banking compliance activities, also required to report functionally to the top management or to the board of directors.
What Are Our Roles Being Your Internal Auditor?
» Evaluating, supervising, investigating and analyzing business risk and controls.
» Review and confirmation of company information and compliance with rules, policies, procedures and laws.
» Work in sync with the management and provide assurance that as far as possible risks are significantly reduced.
» Make recommendations for improvement and augmenting processes, policies and procedures.
Why Emirates Chartered Accountants for Internal Audit?
Being one of the leading audit firms in Bahrain, Emirates Chartered Accountant ensures that the internal audit process for helping the organization or customer to achieve their objectives, purposes as well as their mission and vision. Normally internal auditors are considered as the employees of the organization. We as an auditing company will work as good as an employee for our client to meet their requirement.
Why Emirates Chartered Accountants for Internal Audit?
» Risk Management and management controls.
» Organization’s governance.
» The efficiency and effectiveness of operations.
» Reliability of financial and management reporting.
» Compliance with laws and regulations.
» Conducting proactive fraud audits to identify potentially fraudulent acts.
Emirates Chartered Accountants shall submit reports at the end of each audit that must summarize their findings, recommendations, and any other responses or action plans from management. An audit report is an executive summary includes the body part that contains issues, findings, identified and related recommendations or action plans, also appendix information contains detailed graphs and charts or process information.
What are the key Internal Accounting Services we offer?
» Setting up accounting procedures and standards.
» Implementation of financial accounting software.
» Auditing accounts and update on periodically.
» Analyze PPM, Revenue and Inspection Audit.
» Supervision & review of audit records.
» Forecasts, budgets and projections.
» Internal audit and financial reporting.
Emirates Chartered Accountants & Its Associate Professional Firms (Emirates Chartered Accountants Group) are ISO 9001-2008 Certified International Chartered Accountants Firms and is headquartered in Dubai with its branches over the Emirate, Bahrain, UK & India. The inception of Emirates Chartered Accountants Group was marked in the year 2005, backed by a team of highly qualified professionals in the services that are provided.
Our Audit & Assurance services in the UAE comprises as mentioned below:
