Internal Audit system is defined as being a combination of tools, procedures and methodologies that are
used to protect the firm’s assets, establish an acceptable level of accounting accuracy, develop
productivity, promote compliance with management polices. Internal audit is an integral part of the
firm’s control system through which the firm’s operations and systems are planned independently and
objectively to ensure realization of internal control aims and objectives.
Design, Structuring and Methodology
SK methodology is carefully designed in line with the recognized local and international professional
Standards, which shape the basic framework for local audit function in all types of firms and
organizations, relying on a qualified and experienced team of professionals in financial, operational and
managerial audits. Following is a brief description of our methodology:
Planning: of audit works in terms of time and venue in line with the firm’s type of business.
Designing: of primary and secondary audit programs in accordance with the audit’s short and long term
Confirmation: and systematic documentation of audit findings and results.
Reporting: of program results and identifying the necessary corrective measures.
Following: up the implementation of the recommendations and audit results.
Transfer knowledge to the firm’s senior and executive management as will as to the control system’s
related parties to ensure continued efficiency of the adopted control system and create standing tools
to develop such a system.