Internal Audit Program for Real Estate Developer
Absence of an independent internal audit function impacting governance and risk oversight.
Client: Based Real Estate DeveloperApproach
- Developed a risk-based annual audit plan aligned with organizational priorities.
- Conducted financial, operational, and compliance audits.
- Delivered detailed reports with actionable recommendations.
Results
- Identified internal control weaknesses and recovery opportunities.
- Achieved cost savings of approximately AED 2 million through improved controls.
Key Takeaways
- Establishing a robust internal audit function enhances transparency and uncovers value improvement areas.