Internal controls assurance

Our team brings deep internal controls experience that enables us to focus on you and your business whilst ensuring that your success is always our top priority.

With one of the largest dedicated assurance practices, both in the Middle East and globally, Deloitte has the knowledge and capability to support your business needs.

With our expertise in internal controls, we support our clients with various areas including framework implementation, operating effectiveness testing, fixed asset register, service auditor reporting and ICFR to name a few. 

Our Internal controls assurance solutions include:

Internal Financial Control gap assessment

The first step in developing internal financial controls is often to perform a gap assessment against the current state. We do this using an established methodology, identifying the key gaps against leading practice, supporting management develop remediation plans, and providing the basis for further control development. The team brings experience of ICFR from the UAE, KSA, Qatar – as well as the US, UK and India. We know what good looks like globally, including the local benchmarks and practices.

Framework development and implementation

Recent and established regulations, globally and locally, are requiring companies to establish Internal Control over Financial Reporting frameworks. Other companies are voluntarily adopting formal control frameworks to strengthen their reporting capabilities.

We can support companies with ICFR readiness, controls implementation mapped to the COSO Internal Controls Framework, controls gap assessments and review of management’s internal frameworks. We have a dedicated internal controls team, who really understand the COSO Framework and the auditor expectations for an ICFR assignment.

Control effectiveness testing

To support management’s monitoring of internal control effectiveness, we can perform control testing covering design and implementation and operating effectiveness testing. We also bring value to the process by providing insight and recommendations on the control design and developing testing strategies that support the ongoing development of internal financial controls.

Service auditor reporting

We bring value to clients looking to prepare a Service Organisation Control report on the operating effectiveness of controls. In addition to performing the reporting activities, we can also support with readiness for such an assignment, ensuring that the necessary control documentation and definition is in place.