Internal Audit

The principal purpose of internal auditing is to provide insight into an organization’s culture, policies, and procedures by verifying internal controls such as operating effectiveness, risk mitigation controls, and compliance with relevant laws or regulations. Internal Auditors’ function includes supervising, evaluating, investigating, and analysing the risks & controls; checking and ensuring information and compliance with policies, procedures, and laws. KSG Risk Advisory Team provides the Management with independent assurance on the organization’s internal controls, risk management strategies and governance are operating effectively.

Our Internal Audit Service includes:

Standard Operating Procedure (SOP)

A standard operating procedure (SOP) is a set of step-by-step instructions compiled by an organization to help it in carrying out routine operations. SOPs provide a sequential order to an organizational process, and keep them documented in an easily accessible and comprehensible manner. SOPs aim to achieve efficiency, quality output and uniformity of performance, while reducing miscommunication and failure to comply with organisation policies and industry regulations. We at KSG Corporate Services help organizations develop SOPs that improve the process and internal control efficiency and help businesses function seamlessly.

Our Standard Operating Procedure (SOP) Service includes:


Forensic Audit

In increasingly complex business surroundings, the full gamut of white-collar crimes is difficult to uncover even as they impose significant stress and strain on business. Forensic audits cover a large spectrum of investigative activities such as financial fraud, cyber security threats. There may be a forensic audit to prosecute a party for fraud, embezzlement or other financial crimes. The auditor may be called in during the process of a forensic audit to serve as an expert witness during trial proceedings. Forensic audits could also include situations that do not involve financial fraud, such as bankruptcy filing disputes and closures of businesses.

Our Forensic Audit Service includes Investigation for:

Internal Control over Financial Reporting (ICFR)

Internal Control over Financial Reporting (ICFR) is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with International Financial Reporting Standards (IFRS). ICFR controls help in ensuring the orderly and efficient conduct of business, including regulatory compliance and prevention and detection of fraud and errors, and covers not only the controls over reliable reporting of financial statements, but also includes other controls pervasive across the business. KSG team can help you identify policies that are not effectively designed and verify internal controls with respect to financial reporting are working effectively. Our objective is to assist you in navigating and implementing a robust internal control framework.

Our ICFR compliance framework includes:


Enterprise Risk Management (ERM)

Modern businesses face a diverse set of risks and potential dangers. In the past, companies traditionally handled their risk exposures via each division managing its own business, however Enterprise risk management (ERM) is a methodology that looks at risk management strategically from the perspective of the entire firm or organization. It is a top-down strategy that aims to identify, assess, and prepare for potential losses, dangers, hazards, and other potentials for harm that may interfere with an organization’s operations and objectives and/or lead to losses. KSG Enterprise Risk Management Services (ERM) in the UAE can help an organization implement a sustainable ERM program.

Our Enterprise Risk Management (ERM) advisory includes: