DFSA Internal Audit

Companies regulated by the Dubai Financial Services Authority (DFSA) are required to have an internal audit function to improve the level of corporate governance and provide another layer of assurance to the Board on compliance with applicable laws, rules, and regulations of the DIFC and DFSA.

  • The company should build strong and robust control systems, and this holds true for systems other than the financial systems too. It needs to be ensured is that the senior management is involved in all key aspects of the business.
  • An effective, transparent and detailed internal audit monitoring system should be established and nurtured by the company. This can help in a fair analysis of effectiveness of overall operations and the various functional units.
  • The audit monitoring unit needs to function in an autonomous way, without intervention of the other existing business functions or departments.

Our Designated Non-Financial Businesses and Professionals (DNFBP) registration with the DFSA allows us to provide the required services to Authorised Firms regulated by the DFSA. We offer a holistic approach to ensure that the business complies with the DFSA / DIFC laws and other rules and regulations. Our team of qualified and experienced professionals adopts a risk-based approach, thereby ensuring that all the operations comply with required rules and regulations. Similarly, we provide assurance on the effectiveness of risk management processes and internal controls. We also provide ongoing support towards proper maintenance of financial records. Our comprehensive internal audit methodology helps businesses with their financial reporting or with any accounting issues that they face. Our services and advisory solutions are designed to add value towards improving an organisation’s operations.

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