ASC Group delivers risk-focused, independent, and objective internal audit services in UAE to enhance governance, improve internal controls, and support compliance. Our internal audit risk advisory approach ensures value beyond reporting — we identify gaps, assess risk exposure, and provide actionable insights to strengthen business resilience and transparency.
Targeted assurance over high-impact business areas
Compliance with UAE standards and global internal auditing frameworks
Recommendations to optimize processes, controls, and reporting
Elevate board-level visibility on internal controls and risks
Integrated guidance across all departments
Risk Advisory
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Key Regulations & Frameworks – Reference Applications
| Regulation / Framework | Application / Purpose |
|---|---|
|
UAE Commercial Companies Law (CCL) |
Mandates internal controls and governance mechanisms for all registered businesses |
|
DFSA & ADGM Governance Codes |
Requires regulated entities to establish internal audit functions and board audit reviews |
|
Federal Tax Authority – VAT Law |
Ensures accuracy in tax accounting, return filing, and transactional compliance |
|
Economic Substance Regulations (ESR) |
Requires documentation and review of economic substance through periodic internal audits |
|
COSO Internal Control Framework |
Provides global standard for designing and assessing internal control systems |
|
Institute of Internal Auditors (IIA) Standards |
Defines ethical conduct, risk-based auditing, and professional practice for auditors |
Our Internal Audit Execution Process
Define audit scope and risk-based focus areas
Tentative Duration: 1-2 Weeks
Conduct process walkthroughs, test controls, and collect evidence
Tentative Duration: Weeks 2–4
Submit a detailed audit report with risk-ranking and remediation roadmap
Tentative Duration: 1-2 Weeks
Track management actions, provide advisory on closure
Optional
UAE Commercial Companies Law (CCL)
DFSA / ADGM Guidelines
FTA (VAT Law)
Economic Substance Regulation (ESR)
Ministry of Economy – AML Compliance
Fines between AED 50,000 – AED 500,000
Regulatory sanctions, public reprimand, license suspension
AED 10,000–50,000 for inaccurate filings, improper documentation
Penalties from AED 20,000 to AED 400,000; risk of license revocation
Fines up to AED 1M for non-compliance with audit-backed AML control reviews
Inadequate internal controls or audit trail can lead to corporate mismanagement
Internal audit is crucial for protecting financial stability and investor trust
Weak financial controls increase VAT errors and inspection risks
Without adequate internal reviews, businesses may fail to prove economic substance
Internal audit validates controls for AML reporting and suspicious transaction risks
Our Internal Audit Services Suite in UAE
Annual internal audit plans based on enterprise risk assessment
Operational, financial, and compliance audits
Evaluate process-level controls, segregation of duties, and system controls
Identify weaknesses and test the effectiveness of mitigation measures
Review adherence to internal policies, SOPs, and regulatory frameworks
Recommend enhancements for process standardization
Draft internal audit reports, dashboards, and executive summaries
Attend audit committee meetings and follow-up reviews
Identify fraud-prone areas and assess controls to detect/prevent misuse
Support whistleblower and misconduct investigations
Prepare for statutory or external audits through internal testing
Assist in clean-up of ledgers, reconciliations, and audit trail strengthening
Full or partial internal audit service delivery based on client needs
Scalable resource deployment without adding headcount
Your Trusted Partner in UAE
Sector-specialized internal auditing services with domain insights
Deep local expertise on internal audit services in Dubai and free zones
Alignment with certified internal audit protocols and GRC frameworks
Seamless integration with finance, operations, and technology teams
Our Commitment: At ASC Group, internal audit is not a compliance exercise — it’s a performance enabler. We work with your leadership team to deliver strategic insights through data-driven assurance.
Strengthen Your Governance and Mitigate Risk with ASC Group’s Internal Audit Services in UAE: Risk-Focused, Regulator-Aligned, and Tailored for Business Growth.
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