Group Internal Audit
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes."
The systems of internal audit maintain the company financial soundness, data accuracy, operations effectiveness in various aspects, provided that internal principles of the internal control of the dual audit (Four Eyes Principles) shall be considered in the organizational structure.
The Existence of the Internal Audit Function is Mandatory for all companies applicable to the capital market authority and should be affiliated to the Audit committee as per article 6-7, book 15- Corporate governance of the new CMA bylaws.
