Risk-Based Internal Audit

The need for a solid and independent internal audit has never been greater, but finding the proper range of skills can be even more challenging.

Working with our Risk Advisory Practice provides various solutions, giving you depth and breadth of skills while retaining the flexibility to focus on and address commercial realities.

Risk-Based Internal Audit is implemented to keep pace with changing and increasingly sophisticated technology, the changing risk profile of organizations, and increasing service level expectations; the old compliance method of auditing has been replaced with a more sophisticated risk-based and risk-driven planning and auditing perspective.

(RiBIA) allows the auditors to concentrate their resources depending on strategic objectives, asses criteria, and risk probability, thus increasing the efficiency and effectiveness of audits.

Our methodology has been designed to be sufficiently flexible to either be used as the sole methodology on an assignment or to be tailored to a client’s existing methods. Our approach is structured in five sections, reflecting the critical phases in planning and delivering the internal audit service.

Our work methodology includes five main phases:

• Project Management

• Developing and conducting the required steps related to the project

• Communication and customer relationship management

• Reports preparation

• Quality assurance services