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Internal & System Audit
internal & system audit
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Internal auditing is a monitoring activity on the adequacy and effectiveness of the accounting and internal control systems. Though the companies comprise of accountants generally don’t possess internal auditors within the company to analyse an internal check due financial limitations. Managements today require experienced internal auditors to address concerns in risk management, internal control environment assessments, process improvements; enterprise risk management (ERM) programs and regulatory compliance.

Right Equations comprise of experienced and qualified internal audit professionals who provide the best internal audit service in Dubai and that too at an affordable price. We have efficiently assisted several small and large businesses in Dubai with their accounting needs.

Our Methodology

  • Analysing key processes, procedures & operation.
  • Identifying key controls in each such operation, procedure & process.
  • Evaluating the adequacy of these controls.
  • Testing compliance of sample transactions against these controls.
  • Reporting results of the evaluation of controls and testing of transactions.
  • Recommending stronger controls wherever necessary.
  • Suggesting methods to improve compliance with key controls.
  • Follow up of action taken on recommendations made in previous reports.

Our Internal Audit* Services include the following

  • Supervision and review the work of accounting staffs
  • Ensuring all revenues earned and expense incurred during the period has been properly recorded
  • Examine all the payments are made with supporting documents and proper authorization
  • Check sales invoices are made with correct price, quantity and quality as per sales order
  • Reconciliation of balance sheet accounts
  • Preparation of adjusting and closing entries
  • Inventory control
  • Evaluating the existing internal control system if necessary suggesting a new internal control system
  • Providing an internal audit report monthly with recommendations

In Addition, Our Internal audit service spots,

  • Fraud
  • Malpractices
  • Mistakes
  • Abnormal Wastage
  • Misappropriation of Assets
  • Noncompliance with law
  • Recommendations

*This service does not include Financial Audit, Certification of Financial Statements for public or management.

Monitor Your Business Operations Effectively with an Expert Team of Auditors On Hand