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Internal Audit Services

Internal Audit

Identify your control weakness, optimize resource usage and adopt best practices at optimized cost for your business.

Our wide array of Internal Audit services include outsourcing, co-sourcing and advisory, by leveraging data and analytics, that help businesses with risk management, internal controls and governance.

Internal audit is an independent and objective function within an organization that evaluates and assesses its operations, processes, controls, and activities. The main purpose of internal audit is to provide assurance to the organization's management and stakeholders that risk management, internal controls, and governance processes are functioning effectively.

Regulatory implications surrounding Internal Audit in UAE

    There are a number of UAE regulations that require specific types of companies to have an internal audit function, including but not limited to:

  • Abu Dhabi Accountability Authority (ADAA) – The ADAA requires all government entities and public companies in Abu Dhabi to have an internal audit function.
  • Central Bank of the UAE (CBUAE) – The CBUAE requires all banks, financial institutions, and other regulated entities in the UAE to have an internal audit function.
  • Securities and Commodities Authority (SCA) – The SCA requires all listed companies and public companies in the UAE to have an internal audit function
  • The Dubai Financial Services Authority – DFSA requires all regulated financial institutions in Dubai to have an internal audit function.

Key Benefits:

  • Identification of Control Weakness
  • Opportunity to work on Operational Inefficiencies
  • Cost Control Opportunities
  • Ensures optimum use of resources
  • Identification of Best Practices

Why Choose MBG?

  • 600+ Professionals and experts employed full-time
  • 3,000+ Clients globally
  • 100+ Fortune 500 Clients served
  • 15 offices in 8 countries

360-degree approach

At MBG Corporate Services, we give you a holistic 360 degree approach to the implications of the upcoming Corporate tax regime. We offer solutions related to legal, VAT, audit, IFRS, and other UAE-related laws and regulations.

Corporate Tax
  • - Customized Tax Impact Assessment
  • - Transition Support
  • - Post-Implementation Support
  • - Tax Group v/s Individual Entity Registration
Transfer Pricing
  • - TP Impact & Gap Assessment
  • - TP policy review / policy development
  • - Supply chain / Functional and Benchmarking Analysis
  • - TP documentation & benchmarking analysis
Legal
  • - Restructuring
  • - Transaction and Ownership
  • - Corporate Secretarial Compliances
  • - Compliances and Resolution
Audit
  • - Consolidated v/s standalone financial statements Support
  • - Statutory Audit
  • - ICV Certification & Guidance
Risk Advisory
  • - Risk assessment on selected accounts
  • - Guidelines, Policies & Procedure Manual
  • - Robust periodic Accounting Reconciliation system
  • - Training & Workshops
  • - Cost Optimization including Supply chain
Indirect Tax
  • - VAT & Corporate tax alignment assessment
  • - Transition Support
  • - Custom, Excise, Vat reconciliation and Tax
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