Choosing Right Internal Auditor in UAE

Importance of Internal Auditor

To ensure the maximum quality of business records, accuracy, compliances, laws, and regulations there should be a professional and experienced Internal Auditor working for your organization.

What an Internal Auditor Can Do?

They investigate to identify any mishandling/negligence in funds management and accounts etc. and find ways to protect the business against any potential fraud. Their role is to investigate the areas of risk, provide solutions, and implement internal control.

What Are Their Major Responsibilities?

Internal auditors are responsible to bring in positive development on business practices and helping in rectifying business processes as per the documented procedures & policies. A routine internal audit makes sure that your business can survive in the competitive market and bring the necessary changes for continuous growth.

Where You Can Find an Internal Auditor?

You should always choose/outsource an internal auditor from outside the organization so that he/she can bring a new perspective, keep a critical eye on things without any conflict of interest and biases.

Some Key Factors to Check-In Internal Auditor:

When choosing an Internal Auditor in UAE, you should look for the following factors:

Qualification: Should have a relevant degree, internal audit certifications, or training to perform Internal Audits.

Industry Knowledge: The internal auditor should be familiar with your industry.

Adaptable: In a country like UAE with frequent updates in regulations and laws, you need an internal audit with updated knowledge.

Expertise: Should have the expertise as an Internal Auditor on multiple firms/industries within UAE or around the globe.