Internal Audit Services in Fujairah

Leading Internal Audit Services in Fujairah

Detection of risks, mitigating loopholes, and ensuring compliance with the regulations are some of the major areas that the businesses operating in the stringent environment of Fujairah must consider. The businesses must be vigilant in conducting the operations to detect any risks beforehand to mitigate them earlier. The rise in competition has also paved the way for multiple malpractices and frauds. The businesses have always been served with the trump card of internal audit function to mitigate the varied risk it faces. The businesses in Fujairah can get ahead of the risk by implementing streamlined internal audit functions within the organization.

CDA, understanding the indispensability of the internal audit function, has been providing the internal audit service for its clientele in the best possible manner. Being aware of the stringent rules and regulations of the Fujairah Emirate, the team at CDA has been following a methodical and disciplined approach to strategically locate and mitigate the potential risks. We understand the internal functions of the businesses, whereby detecting the possible loopholes and implementing the corrective measures to avoid any further roadblocks. The businesses in Fujairah can facilitate the implementation of effective and tailored solutions for the hindrances identified.

Our Role as Your Internal Auditors in Fujairah

As a team of experienced and professional internal auditors, we ensure meeting our roles and responsibilities and providing the best services for your business. As a part of the internal auditing team, our role includes the following:

Furnishing Objective Conclusions

Our team provides the businesses with objective and unbiased conclusions based on the processes conducted. We serve with the actual insights of the internal control functions and the loopholes detected to give the business a transparent picture of the internal control framework.

Comparing the policies and framework with the standard practices

Being aware of the standard procedures and policies of the internal controls and other procedures, our internal audit team provides a detailed comparison of the prevailing and implemented policies and controls with that of the standard procedures that are to be followed, serving the business with strategic suggestions for the required changes.

Evaluation of Controls

The control systems implemented by the businesses in Fujairah are thoroughly evaluated by our team to detect the possibilities of risk, loopholes, or any fraud. The evaluation is further followed by the strategic solutions to enhance the effectiveness of the internal controls.

Assessment of risk

The core functions of the internal audit process include the assessment of the risk and the potential damages that can be caused. Our team of experts conduct the stringent risk assessment procedures to detect any potential risks beforehand and to assist the client in taking the corrective actions to mitigate such risks as soon as possible.

Ensuring the compliance

Staying compliant with the rules and regulations along with the regimes of the land is yet another critical area for the businesses in Fujairah. Our team evaluates the compliance of the businesses with the relevant regulations, avoiding the circumstances of non-compliance and penalties. The internal audit team further assists in devising strategies to ensure stringent compliance with the regulations.

CDA’s Varied Internal Audit Services in Fujairah

CDA’s team is well versed and equipped to provide the multiple internal audit services to the businesses in Fujairah. The various types of internal audits provided by the team include the following:

• Operational audits: This type of audit is conducted to evaluate the efficiency and effectiveness of the operations of the businesses in Fujairah. The main areas that are focused on by our team during the audit include the improvement of the operational processes, detection of any risk or potential depletion of resources, enhancing the productivity of procedures, etc.

• Compliance audits: This audit focuses on understanding the legal environment of the business and then ensuring compliance with those regulations and policies. We focus on detecting the common areas where the businesses might fail to stay compliant and suggest the corrective steps to avoid any consequences of non-compliance.

• Financial audits: This is the common audit that is conducted by the businesses to ensure the accuracy of the financial statements and to detect any material risk of misstatements. Our team focuses on evaluating the correctness of the internal controls and ensuring that there are no fraud or misstatements in the financial statements.
• Environmental audit: This type of audit is conducted with the motive of evaluating the effect and impact of the business operations on the environment and the compliance with the environmental regulations of such business. Our team ensures compliance with the regulations and furnishes strategies to reduce the impact of such operations on the environment.

• Performance audit: The audit is conducted to ensure if the business is meeting the objectives and the goals as per the plan and the effectiveness of the services for the client of the business. The focused area includes the evaluation of the effectiveness of specific programs.

CDA: Your Internal Audit Service Provider

CDA’s excellent team of highly qualified professional auditors has been providing the internal auditing services to the business in Fujairah for more than a decade. CDA’s professionals are well versed with the auditing regulations and the accounting standards, which enable them to detect the risk at the earliest and mitigate it sooner than later. We can serve you with the best internal audit services in Fujairah by ensuring compliance and devising custom-tailored strategies for your business.

To know more about our varied services, contact our team now.