Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. They ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit. Internal Auditor’s role is to provide Management with independent assurance on organization’s internal controls; risk management strategies and governance are operating effectively. Internal Auditors’ function includes supervising, evaluating, investigating and analyzing the risks & controls; checking and ensuring information and compliance with policies, procedures, and laws. Internal Auditor will assess for the achievement of goals and objectives set by the senior management. In case of short of stated goals, the auditor will identify process gaps and make suggestions for improvement for bridging the same.
At Zinith, Our internal audit professionals take a risk-based approach to internal audit to help clients improve performance and operating efficiency. We go beyond traditional fundamentals and add tangible value, to elevate internal audit to an even more strategic and productive role in today’s corporate governance environment. We provide an independent professional evaluation and advise on the quality and effectiveness of the control environment within the organization. We also identify areas for improvement and implement strategies to help you to achieve your organizational objectives and make a positive contribution to the successful operation of your business.
External auditing is the use of an external auditor to ensure that a company's financial records and operations are accurate. Accountants that act independently of an auditing company are referred to as external auditors. For all companies to be compliance with UAE government legislation, external audit reports are mandatory. It can assist in the resolution of any present or ongoing concerns, as well as verifying the organization's financial obligations.
Forensic accounting is a specialty practice area where accounting, auditing and investigative skills are used to analyze information that is suitable for use in a court of law. Forensic accounting professionals are skilled at quantifying damages and determining the full extent of a loss. They are involved in four basic areas of forensic analytics: data collection, data preparation, data analysis and reporting. Forensic accountants are used around the world by insurance companies, independent adjustment firms, lawyers, government and law enforcement agencies as well as by businesses of all sizes – from multi-national corporations to small businesses. Our forensic accounting professionals are exceptionally dedicated and qualified experts with proven track records who provide clear and concise assessments that stand up to scrutiny and also is an independent and dedicated forensic accounting practice meaning we are free of the conflicts that can present difficulties for other accounting firms.
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