Talal Abu-Ghazaleh Internal Audit and Corporate Governance

Establishing an Internal Audit Function
a.Develop Policies and Procedures for the Internal Audit function
b.Develop the Internal Audit Charter
c.Design the organizational Structure for the Internal Audit staff
d.Design the Job Description for the Internal Audit staff
e.Help the entity in recruiting the Internal Audi Resources
Full Outsourcing of Internal Audit Function
Act as your internal audit department, relieving you of the complexity associated with establishing such activity

a.Identify the Audit Universe and perform preliminary Risk Assessment
b.Develop the annual risk-based Audit Plan
c.Execute the annual Audit Plan and perform Internal Audit engagements
d.Prepare internal Audit Reports to the audit committee and the management
e.Conduct follow-up audit engagements
Co-sourcing internal Audit Function
We can perform Internal Audit engagements in partnership with the entity’s internal audit department by utilizing our experts in order to cover a wider range of activities and functions, freeing up internal resources for other activities.
Assessment of the Internal Audit activity
We can help to establish a quality assurance and improvement program which is designed to evaluate the conformance of the Internal Audit activity’s function against the Definition of Internal Auditing and the Standards, and whether internal auditors apply the issued Code of Ethics. The assessment program will also assess the efficiency and effectiveness of the Internal Audit activity and identifies opportunities for improvement.
Capacity Building of the Internal Audit Staff
Our experienced Internal Audit experts bring with them a wealth of hands-on expertise that we use to build the capacity of the entity’s Internal Audit staff. This is done through training using actual business examples, which ensures that effective skills transfer takes place.