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


A Member of
The Institute for
Internal Controls
  • 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

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.