Operational Audit Services in the UAE
Operational Audit is a part of Internal Audit which also evaluates the efficiency or effectiveness of any part or division of the organizations, operating procedures, and methods.
What is the main objective of Operational Audit?
The main objective of Operational Audit is to
» Evaluate organization's activities, systems, and internal controls
» Assess quality and efficiency of performance
» Identify opportunities and develop recommendations for improvement
» determine whether organization has effective risk management process in place
» To identify existence and source of potential operating problems in the operation
» To determine whether operations follow company policies and meet company standards
Operational Audit Services
+971 55 6530001
Workflow of Operational Audit
» Understand the operational area where the management feels in depth audit is required
» Develop objective criteria regarding operational efficiency
» Perform preliminary analysis of the operational audit area
» Perform detailed risk analysis
» Develop and analyze data that might indicate problems
» Perform inquiry and testing to identify source of problems
» Perform detailed tests of operating activities and controls
» Summarize findings - prepare report and discussion with management
» Develop a mechanism to follow-up on recommendations
Why should you conduct Operational Audit for your business?
Today in the scenario of major global economic crisis, companies are reshaping their strategies to achieve sustainable business growth in new ways, and continuing to seek value creation through improved operational performance – including dimensions of quality, speed, agility, efficiency, environment, customer value, and cost. Hence, if you conduct Operational Audit for your business it acquires more importance in the current crisis situation.
Businesses are focusing on initiatives and issues that impact upon the operating models of their business activities and processes, such as environmental stewardship, operational excellence, supply chain optimization, offshoring, talent mobility and innovation, to name a few. Given these dynamics, internal audit is in a unique position to influence value enhancement efforts. This is achievable through Operational Audit.
Why United Auditing ?
» 20 years in business with highest professional quality
» Real-time service
» Maintain Ethical Values
» International Financial Reporting Standards (IFRSs)
» Complies 100% auditing standards and relevant legal provisions
For more details contact on enquiry@unitedauditing.com