3. Process Improvement & Optimization

• Business process reengineering
• Operational efficiency consulting
• SOP and policy drafting

4. Risk & Compliance Advisory

• Internal audits and risk assessments
• Governance frameworks
• Regulatory compliance consulting

5. Financial Advisory (Non-regulated)

• Budgeting and forecasting
• Cost optimization strategies
• Internal control evaluations (e.g., ICoFR, IFC)

6. Technology & IT Advisory

• IT governance and controls (e.g., ITGC)
• ERP recommendations and automation strategies
• Data analytics and digital transformation

7. Market Research & Feasibility Studies

• Industry benchmarking
• Competitive analysis
• Feasibility and viability assessments

Approach to Internal Audits

Phase I - Understanding : Review of organizational vision, GRC framework, and competitive landscape. Define the internal audit scope and finalize the charter.

Phase II - Opening Meetings : Engage with process owners to discuss scope, team structure, and timelines.

Phase III - Execution : Perform data analytics, risk register reviews, and IT/manual control tests. Conduct walkthroughs and verify source data authenticity.

Phase IV - Reporting : Deliver audit reports with observations, root causes, impacts, and recommendations. Facilitate discussions on management responses and CAPA (Corrective and Preventive Actions).

Phase V - Presentation : Highlight high and medium-risk observations to boards or audit committees.

Core Principles

• Risk-Based Approach : Focus on high-impact and evolving risk areas.
• Independence : Unbiased assessments.
• Value Addition : Recommendations to optimize processes and controls to identify revenue leakages or cost optimisation opportunities.
• Extensive Analytics & Benchmarking : Performing data analytics using tools and benchmarking at industry level.

At KKC UAE, we ensure risk advisory services are designed to enhance governance, streamline processes, and drive sustainable business performance