Our Services
Internal Auditing
Internal auditing as per our methodology and approach should be playing a more important role in the organization as a very dynamic risk based process that aims to contribute to the strategy building, decision making and monitoring processes. We partner with the Board, Executive Management and Business Owners to enable them achieve the organizations’ strategic, financial and operational objectives with the most efficient and effective methods and approaches.
What we do:
- Planning and execution of risk based internal audits on out-sourcing and co-sourcing basis
- Internal audit quality assessment - Benchmarking the function against the international standards and the best practices
- Establishing internal audit functions - including developing the technical manuals, charter, and organizational structuring and job descriptions
Enterprise Risk Management
We specialize in helping organizations to manage all types of risks through our structured methodology that is based on international standards and frameworks. We address these risks by identifying their root causes, sources, likelihood of occurrence and impacts, to minimize the effect of surprises and unexpected negative events thus reducing the role of fate considerably in directing the organizations strategies, and results.
What we do:
- Establishing ERM framework, policies and procedures
- Implementation of ERM process and developing Risk Registers and Mitigation Plans
- Monitoring and regular reporting
Corporate Governance
The need to develop, adopt and demonstrates a high level of Corporate Governance is now far greater than it has ever been. Its not any more needed only for public listed companies, governmental organizations and small and medium sized enterprises in addition to family owned companies and groups. Corporate Governance is now the way to achieve the strategic, financial and operational objectives and meeting the expectations of stakeholders of all types of businesses.
In this regard our experts can help clients to step into the right circle and start the journey of success by:
- Establishing Corporate and Family Governance framework, policies, procedures and charters
- Assessment of Corporate Governance practices (Health Check)
- Performing a Board Evaluation
Standard Operating Policies & Procedures
The need to develop, adopt and demonstrates a high level of Corporate Governance is now far greater than it has ever
Policies and procedures are the strategic link between the company’s vision and its day to day operations; it allows management to guide operations with minimal intervention. It is critical to the success of any organization. We specialize in constructing policies and procedures, process maps and embed preventive, detective and directive internal controls in each phase or level throughout the flow of the processes following the step by step (WWW) approach of: Who Is doing What and When and what is the Output.
We develop policies and procedures manuals for key processes and sub processes for the following application as an example:
been. Its not any more needed only for public listed companies, governmental organizations and small and medium sized enterprises in addition to family owned companies and groups. Corporate Governance is now the way to achieve the strategic, financial and operational objectives and meeting the expectations of stakeholders of all types of businesses.
In this regard our experts can help clients to step into the right circle and start the journey of success by:
- Finance & Accounting
- Purchasing & Procurements
- Human Resources
- Warehousing management
- Stock Control
- Sales
- Operations
- Supply Chain Management
- Logistics
Budgeting & Planning
We help our clients develop their Budgets and Forecast by providing them with the approach, methodology, techniques to identify and formulate their main economic assumptions in each and every line of service by analyzing the elements of capital and operating expenditures according to their business and operational needs for the coming year. And we take them through the whole process of collecting information and data from various sources including the coordination between various departments and functions to reach the final figures that should reflect the monetary requirements, performance levels and targets that exactly meets the strategic, financial and operational objectives for each department and the organization as a whole.
Operational Efficiency
We provide a flexible and broader advisory approach for transforming business and its functions in order to enhance your operational efficiency, where we focus on the key dimensions of the business in order to drive out the inefficiencies in the processes, people and technology.
The target is to achieve the following as output:
- Simplified, well-connected and fast operations
- Right people capability and skills-set to support organization's strategies and goals
- Maximum utilization of the IT infrastructure to manage the processes and people
- Business functions aligning with corporate strategies and goals
- Better management performance monitoring, control & reporting framework
Cost Optimization
The key to controlling costs is optimizing balance between requirements & resource required to deliver them. Our priority is to divert resources to the best return opportunities, rather than just cutting costs in itself, and providing solutions in-line with overall client business model, and risk appetite and aptitude to accept change.
We apply a series of techniques, which are broadly classified into three main approaches as:
- Lower the spending by improving the way a particular aspect of service is carried out
- Change in activity structure in order to avoid or postpone cost to a more desirable time
- Increasing returns as every dirham spent should have an expected incremental return
Training & Professional Development
We believe that any advisory engagement or any solution that is provided to the client will never be successful and achieve its objectives without a proper transfer of knowledge and know-how to the process owners and stakeholders of the engagement. We assist Chief Audit Executives, Chief Risk Officers and their Directors, Managers and Staff to acquire the essential knowledge and solution techniques that enables them to lead and manage their functions in line with the Board / Audit Committee / Owners guidelines, needs and expectations, and serve the corporate strategy to achieve the organizational goals and objectives. Accordingly, we designed the following programs for all levels of the professionals of the financial and assurance fields:
We apply a series of techniques, which are broadly classified into three main approaches as:
- Internal audit process and skills
- Risk Based Internal Auditing
- Increasing returns as every dirham spent should have an expected incremental return
- Internal Auditing Standards
- Internal Audit Report Writing
- Auditing Finance & Accounting Function
- Auditing Human Resources Function
- Auditing Procurements Function
- Auditing Corporate Strategies & Control Environment
- Enterprise Risk Management
- Managing Projects Risks
- Effective Internal Controls
- Budgeting & Planning
- Framework, Structure and Mechanisms of Corporate Governance
- Structure, Role and Responsibilities of the Board and its Committees
- Fraud Prevention and Detection
- Fraud Investigation