Internal Audit Services
in Sharjah
We examine how your key processes work in practice, test the controls around them, and report the risks and improvements management needs to address.
13+ YEARS OF UAE FINANCIAL EXPERIENCE
- Risk Assessment
- Control Testing
- Sharjah, UAE
Find Weak Controls Early
See where daily processes leave the business exposed before errors, losses, or compliance failures become harder to correct.
Risk-Based Priorities
Audit work focuses on the processes most likely to affect money, assets, compliance, operations, or management decision-making.
Tested Control Evidence
Findings are based on process walkthroughs, documents, transactions, approvals, and operating evidence rather than assumptions about written procedures.
Clearer Management Actions
Each finding identifies the control gap, related risk, evidence observed, and practical action required to improve the process.
Better Ongoing Oversight
Reporting gives management and those charged with governance a structured view of control issues, ownership, and remediation progress.
Internal Audit Work
The plan is built around your risk areas, business processes, control environment, and reporting responsibilities.
Internal Audit Risk Assessment
Identify business objectives, key risks, control gaps, process owners, and audit priorities.
Internal Audit Planning
Prepare a risk-based audit plan covering agreed departments, processes, locations, and review periods.
Process Walkthrough Review
Document how selected processes operate from initiation, approval, recording, review, and completion.
Control Design Testing
Assess whether policies, approvals, segregation, reconciliations, and monitoring controls are suitably designed.
Control Operating Testing
Test selected transactions and evidence to assess whether key controls operated during the review period.
Procurement And Payment Review
Review supplier onboarding, purchase approvals, invoices, payment controls, and delegated authority practices.
Compliance Process Review
Review documented obligations, responsible owners, monitoring evidence, exceptions, and escalation procedures.
Fraud Risk Control Review
Assess controls over access, approvals, conflicts, overrides, cash, inventory, and unusual transactions.
Internal Audit Reporting
Prepare findings, risk ratings, agreed actions, responsible owners, and target completion dates.
Sharjah Internal Audit Work
Ahmed Mahfoudh Chartered Accountants & Auditors brings more than 13 years of UAE financial experience to internal audit assignments in Sharjah. I start with the risks facing the business, then review how people, policies, approvals, systems, and records work together in daily operations. The purpose is not to produce a list of generic observations. It is to identify control weaknesses that can be evidenced and assigned to an owner for correction. The Global Internal Audit Standards became effective on 9 January 2025 and provide an important reference point for professional internal audit work.
How Controls Are Reviewed
The common mistake is assuming a written policy works because it exists, without testing whether people follow it.
Scope follows business risk
The audit plan begins with the company’s objectives, major financial and operational risks, recent changes, known incidents, and control concerns. This directs testing toward processes such as procurement, payments, revenue, inventory, payroll, or compliance where failure would matter most.
Procedures are tested in practice
A policy is compared with actual transaction flow, approvals, system access, reconciliations, and evidence of review. This shows whether the control is designed appropriately and whether it operated during the period tested, rather than relying on management’s description alone.
Recommendations have clear ownership
Audit findings identify the issue, risk, underlying cause, recommended action, responsible owner, and agreed target date. This gives management a way to monitor remediation instead of treating the report as a one-time document.
Sharjah Internal Audit Support
Independent control review for businesses that need clearer risk and process oversight.
Sameh Abdalla
CEO & Founder
Sami Abdallah leads the firm with expertise in accounting, audit, tax advisory, and consulting. He provides strategic guidance and supports long-term business growth across the UAE.
Ahmed Mahfoudh
Audit Manager
Ahmed Mahfoudh manages audit assignments and financial reviews with a focus on accuracy, compliance, and risk assessment. He delivers clear insights to strengthen financial control.
Ahmed Elbadawi
Legal Manager
Ahmed Elbadawi provides legal guidance, contract management, and compliance support. He helps protect business interests, reduce risks, and ensure smooth legal operations.
Ahmed Samir
Tax Manager
Ahmed Samir specializes in UAE VAT, corporate tax, and compliance services. He supports businesses in managing tax obligations while improving financial efficiency and compliance effectively.
What Sharjah Risk Teams Value
These managers and business leaders needed a practical, independent review of their key controls.
“Clear, prioritized findings helped us strengthen control processes across key departments.”
“The review of procurement and payment controls identified real risks and gave us a structured action plan.”
“Balanced, evidence-based reporting strengthened governance without unnecessary operational disruption.”
“Their review of policies and daily practices produced constructive findings we could act upon.”
“The recommendations improved segregation of duties, documentation, and fraud-risk controls.”
“Their independent assurance over key controls gave us realistic steps for continuous improvement.”
Internal Audit Questions Answered
The practical points to agree before an internal audit of your processes begins.
What is internal audit?
Internal auditing is an independent, objective assurance and advisory service that evaluates governance, risk management, and controls. The Global Internal Audit Standards became effective on 9 January 2025 and guide professional internal audit practice.
Is internal audit different from external audit?
Yes. An external audit gives an opinion on financial statements, while internal audit reviews risks, controls, governance, and processes across the business. Internal audit can cover finance, procurement, operations, IT, compliance, inventory, and payroll.
Which processes can be audited?
Common areas include procurement, supplier payments, receivables, revenue, payroll, inventory, fixed assets, cash, system access, compliance, and delegated authority. The final scope follows the business’s risk assessment and management priorities.
Will internal audit disrupt operations?
The review needs access to process owners, records, systems, and selected transactions, but the work plan can schedule interviews and document requests around operating requirements. Testing focuses on defined samples and review periods rather than stopping daily business activity.
Can internal audit detect fraud?
Internal audit can assess fraud risk and test controls that reduce the opportunity for fraud, such as segregation of duties, approval limits, reconciliations, and access controls. It does not guarantee that all fraud will be detected; suspected misconduct may require a separate forensic investigation.
What happens when a control fails?
The finding records the control gap, risk, evidence, likely cause, recommended action, responsible owner, and target completion date. Management can then track whether the corrective action is implemented and working.
Can you audit outsourced processes?
Yes. The review can examine vendor governance, service-level controls, contract terms, approval processes, performance reporting, access arrangements, and evidence that management monitors outsourced activities.
How often should internal audits occur?
Frequency should follow risk, process changes, prior findings, transaction volume, and regulatory expectations. A high-risk payment process may need more frequent review than a stable low-risk process, while an annual plan should be refreshed as risks change.
How is internal audit work priced?
Fees depend on the number of processes, locations, systems, records, transaction volume, interview requirements, and reporting depth. A single procurement review has a different scope from an annual plan covering finance, operations, and compliance.
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