INTERNAL AUDIT IN Bahrain
Internal auditing is an independent, objective assurance & consulting activity designed to add value & improve an organization's operations.
Internal auditors helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate & improve the effectiveness of risk management, control, & governance processes.
Internal auditing is a catalyst for improving an organization's governance, risk management & management controls by providing insight & recommendations based on analyses & assessments of data & business processes. With commitment to integrity & accountability, internal auditing provides value to governing bodies & senior management as an objective source of independent advice. Professionals called internal auditors are employed by organizations to perform the internal auditing activity. Al Tayyar Accounting & Consultancy as an internal audit firm are best suited for your internal Audit & Risk Advisory services in the Kingdom of Bahrain
The scope of internal auditing within an organization is broad & may involve topics such as an organization's governance, risk management & management controls over efficiency/effectiveness of operations (including safeguarding of assets), the reliability of financial & management reporting & compliance with laws & regulations.
Internal auditing may also involve conducting proactive fraud audits to identify potentially fraudulent acts; participating in fraud investigations under the direction of fraud investigation professionals, & conducting post investigation fraud audits to identify control breakdowns & establish financial loss.
We as an Internal auditors are not responsible for the execution of company activities; we advise management & the Board of Directors (or similar oversight body) regarding how to better execute their responsibilities.
Why internal Audit ?
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Effectiveness & efficiency of operations.
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Reliability of financial & management reporting.
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Compliance with local laws & applicable rules & regulations.
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Safeguarding of Assets & various matters concerning the interest of the company, employees, stakeholders & society in general.
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How it works ?
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Management is responsible for internal controls comprising of five critical components, the control environment, risk assessment, risk focused control activities, information & communication & monitoring activities.
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Managers establish policies, processes, & practices in these five components of management control to help the organization achieve the four specific objectives listed as above.
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We as an Internal auditors perform audits to evaluate whether the five components of management control are present & operating effectively, & if not, provide recommendations for improvement.
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Why Al Tayyar Accounting & Consultancy ?
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Professionally qualified & experienced internal auditors in Kingdom of Bahrain.
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Cost Effective internal auditors in Kingdom of Bahrain.
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Compliance to International st&ards of internal auditing & risk advisory.
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We employ a systematic & disciplined approach to evaluate & improve
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Efficiency & effectiveness of internal controls
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Efficiency & effectiveness of operations (including safeguarding of assets)
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The reliability of financial & management reporting
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The security & reliability of information systems & applications
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Compliance with contracts, laws & regulations &
• Fraud risk management process (including prevention, detection, deterrence & investigation)
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You can be assured that when selecting Al Tayyar Accounting & Consultancy as an Internal Auditor in Kingdom of Bahrain you are selecting a partner that has your best interest in mind.
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We will be glad to discuss how our Internal Audit & Risk Advisory Services Department can assist you & your company.
