What Do We Offer?
Everything included in our Internal Controls & Auditing service, from specialized tasks to activities
Internal Control System Design
Control systems tailored specifically to your needs
Internal Account Auditing
Periodic audits across all departments and operations
Operational Risk Assessment
Identifying, measuring, and managing operational risks
Policy & Procedure Review
Developing clear, written, and applicable policies
Compliance Auditing
Verifying compliance with laws and internal regulations
Corporate Governance Analysis
Enhancing transparency, management structure, and governance
What is Internal Controls & Auditing?
An effective internal control system is any organization's first line of defense to protect its assets and ensure operational efficiency and the reliability of its financial reports. Amid increasing complexity and growing operational and financial risks, the need for a robust control system has become more urgent today.
At Tishreen, we provide comprehensive services for designing, implementing, and evaluating internal control systems that meet your organization's specific needs. Our audit team combines deep accounting knowledge with distinguished understanding of the business environment and risks, treating each client as a unique case.
We do not offer ready-made solutions, but study your work environment and understand your goals and risks, then design an internal control system specifically for your needs. This service suits companies seeking to protect their assets and improve operational efficiency and institutions subject to external audit.
We design and implement comprehensive internal control systems that protect your organization's assets and ensure operational efficiency. Our audit team provides objective and independent assessments that help you identify weaknesses and enhance corporate governance and compliance with policies and regulations.
Why Choose Internal Controls & Auditing from Tishreen?
Operational Efficiency
A control system that protects assets without impeding daily operations.
Objective Assessment
Independent assessments that reveal weaknesses accurately and impartially.
Auditing Expertise
An audit team combining accounting knowledge with deep business understanding.
Internal Control System Design & Implementation
We begin by evaluating your organization's current internal control system to identify strengths and weaknesses. We use the COSO framework as a basis for evaluating the control environment, risk assessment, control activities, information and communication, and monitoring, revealing gaps and identifying areas requiring development.
Based on the assessment results, we design an integrated internal control system that includes segregation of duties and authorities, approval and authorization procedures, documentation and recording, verification and matching, and physical control over assets. We ensure the system provides an appropriate level of control without impeding efficiency.
We implement the designed system through preparing written policies and procedures, training staff on their application, and monitoring implementation. We provide a procedural manual detailing each procedure, who is responsible, and how to apply it, and we establish performance indicators to measure system effectiveness.
Internal Account Auditing
We provide internal auditing as an independent and objective function that adds value to the organization and improves its operations. Our team conducts periodic audits across various departments and operations to verify the integrity and efficiency of procedures and compliance with approved policies from the company's senior management.
Internal audit areas include: procurement and supplier audit, sales and collection audit, inventory audit, payroll and wages audit, general expenditure audit, and fixed asset audit. For each area, we prepare a detailed audit program identifying potential risks and appropriate audit procedures.
After each audit, we provide a report explaining findings, observations, and recommendations. We classify observations by importance and provide an action plan for correction. We follow up on recommendation implementation with management and provide periodic reports on compliance levels. Our goal is to prevent recurring errors and improve processes.
Operational Risk Assessment & Management
Operational risks are risks arising from the company's daily operations, human errors, system failures, fraud, and external events. We help companies identify, assess, and manage these risks. We use a methodology that includes measuring the probability and impact of risks and classifying them accurately.
We provide a risk response plan that determines appropriate actions for each risk, avoid, reduce, transfer, or accept. We also establish a risk monitoring system and update it periodically to align with changes. This proactive approach minimizes surprises and ensures business continuity.
We provide specialized consulting on fraud risks and detection. We analyze operations to identify vulnerabilities that could be exploited for fraud, and establish control measures to prevent and detect it early. This is important in companies dealing with large cash volumes or complex financial transactions.
Corporate Governance & Compliance
Good corporate governance is the foundation of investor, partner, and regulatory confidence in the company. We help companies enhance governance practices through developing management structures, clarifying roles and responsibilities, enhancing transparency and disclosure, and defining disclosure and transparency policies professionally.
We provide compliance auditing to ensure the company adheres to laws, regulations, and internal policies. We verify the company complies with regulatory requirements, contract terms, and internal policies. Auditing protects the company from legal risks and improves its image with stakeholders.
At Tishreen, we believe a strong internal control system is an investment in the company's future, not a cost. An effective control system protects assets, improves efficiency, enhances confidence, and provides a foundation for sustainable growth. We are committed to helping you build a system that keeps pace with your growth.
Service Execution Steps
Assess Current System
We evaluate the existing control system and identify gaps.
Design New System
We design an integrated internal control system tailored to your needs.
Implementation & Training
We implement the system and train staff on procedures.
Audit & Monitoring
We conduct periodic audits and monitor system effectiveness.
Remote Financial ServicesBig-firm expertise at a cost that fits your business
A fully integrated remote finance function combining a specialized team of 17 professional roles, advanced cloud technologies, and rigorous quality assurance frameworks, a smart alternative to traditional offices and in-house teams.
Save 30-50% on your finance costs and get a full team instead of a single accountant
Need Internal Controls & Auditing?
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