Types Of Internal Audits | Vat Consultancy Services In Dubai
Internal Audit helps in assisting a company to achieve its objective by bringing a systematic and very disciplined approach to appraise and advance the efficiency of risk management, helps in controlling and governance process and compliance with applicable laws and regulations of UAE. Best Auditors In Dubai can perform different types of internal audits Some of the major areas of internal audits are as below: 1) Performance Audit: This type of audit is to check whether the company is fulfilling the measures which were laid down by the management in order to achieve the set goals and objectives of the company. 2) Regulatory Audit: This type of audit assesses whether the company is compliant with applicable laws, regulations, policies, and procedures of the UAE. Breakdown in compliance with some laws may result in heavy fines. 3) Operational Audit: This type of audit is conducted to measure the control mechanisms of the entire company for their overall competence and consi...