As the world is becoming more complex, companies are facing increased competition, not only to sell their own products at a reasonable price but also to be effective and efficient.

So internal audit is gaining a steadily higher profile in the public, private and not-for-profit sectors for the evaluations and insight they provide about how well risks are being managed within the organization.

When may  need our Internal Audit Services?

• Assessing the management of risk: As the key to an organization’s success is to manage those risks effectively more effectively than competitors and as effectively as stakeholders demand.
• Assisting management in the improvement of internal controls: An internal auditor’s knowledge of the management of risk also enables him or her to act as a consultant providing advice and acting as a catalyst for improvement in an organization’s practices.
• Evaluating controls and advising managers at all levels: Internal audit’s role in evaluating the management of risk is wide-ranging because everyone from the mailroom to the boardroom is involved in internal control.
• Evaluating risks: Managers need to understand how much risk the organization is willing to live with and implement controls and other safeguards to ensure these limits are not exceeded. The risk-based approach used in internal auditing enables the internal auditor to anticipate possible future concerns and opportunities providing assurance, advice, and insight where it is most needed.
• Analysing operations and confirm information: Achieving objectives and managing valuable organisational resources requires systems, processes and people. Internal auditors work closely with line managers to review operations then report their findings.

What are the benefits of our Internal Audit Services?

As your Internal Audit provider, Bassel Saleh & Co can evaluate how well risks being managed. We will assess the quality of risk management processes, systems of internal control, and corporate governance processes, across all parts of an organization and report this directly and independently to the most senior level of executive management and to the board’s audit committee.