Internal Audit
Internal Audit Services
In today's business landscape in the UAE, regulatory compliance and effective enterprise risk management are crucial. Philip & Prabhu Consulting LLC offers a comprehensive range of internal audit services in Dubai and other emirates to protect businesses by mitigating risks and adding value to their growth. Inefficient internal controls can lead to business disruptions, which is why audit firms in Dubai ensure that core business processes, such as finance, technology, operations, and tax, have robust internal control policies in place.
​At Philip & Prabhu Consulting LLC, we have a team of experienced experts who provide outsourced or co-sourced internal audit staff. Our professionals are well-versed in risk management, regulatory compliance, and legal requirements, utilizing the latest technology and adhering to industry standards.
Internal Audit Services Offered by Philip & Prabhu Consulting LLC
Our internal audit services aim to provide a systematic and disciplined approach to risk management and the effective implementation of internal control policies. Here are some core services offered by Philip & Prabhu Consulting LLC:
Internal Audit for Automation:
With the rise of robotic processes and automation, careful migration is crucial. We offer internal audit services throughout the automation process, including continuous auditing, data cleaning, and analytics. Our team provides assessment reports to help you make informed decisions regarding process automation.
Governance, Risk Management Compliance (GRC):
Traditional methods may not be sufficient to address the rapidly changing risk environment. Our Governance, Risk, and Compliance services cover areas such as fraud and theft analytics, tax management, financial instruments, treasury, information technology, shared services, operational management, and procurement. We work closely with management to develop a robust internal control strategy that ensures compliance and adds value to the business.
Internal Audit Management Services:
We offer both internal audit outsourcing and co-sourcing services in the UAE. Our services include regulatory and non-regulatory internal audit compliance, business process assessments and improvements, development and execution of internal audit controls, audit of information technology processes, and information security services. We align with the ISO 9001 internal audit protocol, ensuring adherence to the latest standards in internal controls.
Internal Audit Services across Various Industries:
With decades of experience, Philip & Prabhu Consulting LLC serves various sectors, including healthcare, hospitality, banks and financial institutions, educational institutes, and government organizations. We conduct compliance, operational, and financial audits, offering services such as risk assessment and management, outsourcing and co-sourcing of internal audit experts, periodic analysis of strategic performance and quality controls, knowledge transfer through employee training, and process development through continuous improvement.
We cover all aspects of internal audits, employing industry best practices to help businesses become cost-effective and save time by enhancing their internal control processes through impartial assessments.
Choosing the Best Internal Audit Services in Dubai
Philip & Prabhu Consulting LLC is a leading provider of internal audit services in Dubai. With decades of expertise in internal and external audits, our team assists businesses in strategizing and implementing effective control measures. We understand the growing demand for internal audits due to government regulations and increased investments in businesses. By proactively detecting process lapses, we help you address them before external auditors discover them.
Our team of experts undergoes rigorous training to ensure the highest industry standards for risk management, fraud detection, and compliance using the latest methodologies and information technology. Transform your business from a reactive to a proactive model through a robust internal control process. Contact us today to book a consultation.
