Internal Audit & Review
To ensure a more effective and efficient way of operating, a business must ensure the accuracy of its Internal Audit services, so that financial and corporate risks are managed.
 
Farahat & Co. can provide professional assistance with internal auditing in the following areas
 
  • The electronic data processing and information technology systems
  • The general ledger system
  • The holding company general ledger system
  • Non-bank subsidiaries
  • Regulation compliance
  • Confirmation of loans and deposits
  • Accounting and Internal control systems
Farahat & Co. typically performs internal audit procedures on quarterly and monthly basis and provides a detailed report in narrative form outlining:
 
  • Scope of our examination
  • The procedures used for the areas subject to examination
  • The audit findings and our recommendations for solution and improvements
  • Management’s response to our findings

Farahat & Co. is Member of The Institute of Internal Controls - USA

 
Information System Auditing and Network Vulnerability
This service analyzes the state at which your IT environment is in; we assess documents controlling factors, and core processes in your system.  Our teams of experts will assess the internal and external risks that your network and core processing systems are in. Our team will develop among other things, a risk-based assignment of the IT function. The presence of independent Information Technology Division at Farahat & Co. increases the credibility of these types of services
 
Trust Department Audit/ Trust Companies
Farahat & Co. carries out the outsourced internal audit of trust companies and trust departments. This has made us familiar with the fiduciary duties that accompany the specific area of banking and investments. Our solutions are comprehensive and incorporate the latest requirements of a large group of regulatory agencies. 
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Audit and Accounting Services Dubai
Farahat & Co. is Member of Association of Certified Fraud Examiners  Farahat & Co. is Member of Arab Society of Certified Accountants   Farahat & Co. is Member of Canadian Business Council Farahat & Co. is Member of British Accounting Association Farahat & Co. is Member of The Institute of Internal Controls - USA  Farahat & Co. is Member of American Accounting Association - USA  Farahat & Co. is Member of Arab Society for intellectual property  Farahat & Co. is Member of GCC Commercial Arbitration Center  Farahat & Co. Affiliates The Leading Edge Alliance   Farahat & Co. Affiliates The Leading Edge Alliance
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