Compliance Audit
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Compliance audit in UAE
RTS Business Consulting provide audit services of highest standards complying with the international auditing standards and keep up strict quality control procedures. Over the years, we have employed computerized methods that improve the efficiency of our audit reports.
Compliance audit in UAE is a critical component that evaluates the mandatory regulations depending on the nature of business. We ensure compliance audit for various sectors according to the nature of business.
What is compliance audit?
Compliance audit in UAE is performed to ensure that your business is abiding by the laws and regulation related to your specific industry. It also includes all your contractual obligations and whether they have been adhered to as per the law. A compliance audit report is usually required by financial institutions or government bodies to affirm that all the day-to-day activities and operations are being legally complied with the protocols.
Compliance audit in UAE varies business to business. For example, a compliance audit for a financial institution will be regarding personal data, disaster recovery or information backup. Similarly, a medical facility business would be audited regarding personal information, surgery contracts or any other law regarding health facilities.
What is the scope of compliance audit in UAE?
Compliance audit in UAE varies according to the organization but the laws, compliance, and regulatory requirements apply evenly,
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The scope of compliance audit is as follows,
- Compliance framework creation
- Review existing procedures and policies
- Create compliance policies, define roles, and assign responsibilities
- Complete assistance in interpretation regarding local, and international laws
- Aid in understanding regulatory requirements
- Assist in risk assessment, its identification and mitigation
- Review and control compliance management
- Review and assistance of post-compliance system
Why choose RTS Business Consulting?
At RTS Business Consulting, we go beyond conventional approach adopted in compliance auditing. We take a holistic approach by accessing the internal control mechanism of the organization.
- Systematic approach – We ensure systematic approach in compliance auditing. Our comprehensive assessment includes financial, non-financial, ethical, environmental, and regulatory functions of an organization.
- Aligned with company – Compliance audit in UAE plays a critical role in achieving organizational vision and objectives.
- Simple Approach – We ensure a simplistic approach that deliver effective results. Our effective and sustainable compliance auditing services make sure long-term success of your business.
UAE has strict laws on financial compliance and anti-money laundering. These laws are applicable to all the companies irrespective of their industry and size. Non-compliance may result in several other drawbacks.
To avoid this, we at RTS Business Consulting work on systematic compliance audit in UAE which improves your overall internal controls, asset protection, revenue generation, brand recognition, and profitability. Our team of professional auditors’ emphasis on regular compliance and statutory requirement updates!