All financial institutions regulated by the DFSA are required to have an independent Internal Audit function.

Directors and Senior Managers have significant regulatory responsibilities for managing the risks to the business. Internal Audit performs a vital role in assisting Senior Management in ensuring that appropriate systems and controls are maintained to manage the business risks. One of the main responsibilities of internal audit is it to monitor the firm’s controls on an ongoing basis and provide reports to Senior Management on the effectiveness of the firm’s internal control systems.

An effective internal audit function should be independent from line management so that it can carry out it's responsibilities without any conflict of interest. The DFSA will accept the outsourcing of the internal audit function to firms with the appropriate knowledge and skills.

As CCL employ highly skilled professional and appropriately qualified consultants in the field of Internal Audit we are well placed to provide firms with an outsourced internal audit function.

Internal Audit expertise for your business
CCL’s specialist Internal Audit services go beyond satisfying the DFSA - we give you a genuine advantage in the marketplace. To find out how we could help, or to set up a meeting, call +9714 323 0800. Alternatively, complete our contact us form.