Forthme Auditors L.L.C

Internal Audit Outsourcing & Co-Sourcing

Internal Audit Outsourcing & Co-Sourcing

Strengthen Internal Controls, Governance & Business Performance

An effective internal audit function helps organisations evaluate internal controls, manage operational and financial risks, improve governance, and strengthen accountability. However, maintaining a fully resourced in-house internal audit team may not always be practical, particularly when specialist expertise, additional capacity, or independent assurance is required.

Forth ME Auditors L.L.C. provides professional Internal Audit Outsourcing & Co-Sourcing services in Dubai and across the UAE. We support organisations by providing experienced internal audit professionals, risk-based audit methodologies, and practical recommendations tailored to their business activities and risk environment.

Whether your organisation requires a fully outsourced internal audit function or additional support for an existing internal audit team, we provide flexible solutions aligned with your governance requirements and business objectives.

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Internal Audit Outsourcing

Internal audit outsourcing allows an organisation to appoint an external professional firm to manage all or part of its internal audit activities.

This approach can provide access to specialist expertise without the cost and administrative responsibility of maintaining a full in-house internal audit department.

Our internal audit outsourcing services may include:

  • Development of internal audit plans

  • Risk assessment and audit prioritisation

  • Internal control reviews

  • Financial and operational audits

  • Compliance reviews

  • Process and policy reviews

  • Internal audit fieldwork

  • Audit reporting

  • Follow-up of audit recommendations

  • Reporting to management and relevant governance bodies

We work with management and relevant stakeholders to establish an internal audit programme that addresses key business risks and supports continuous improvement.

Internal Audit Co-Sourcing

Internal audit co-sourcing is designed for organisations that already have an internal audit function but require additional expertise, resources, or support.

Our professionals can work alongside your internal audit team to help manage workloads, support specialised audit areas, or provide independent perspectives on complex risks and controls.

Co-sourcing support may include:

  • Additional internal audit resources

  • Specialist audit expertise

  • Support for annual audit plans

  • Assistance with high-risk audits

  • Joint audit engagements

  • Technical support and quality reviews

  • Internal audit methodology support

  • Assistance during periods of increased workload

  • Support for specific projects or business units

This flexible model allows organisations to retain internal knowledge and oversight while accessing external expertise when required.

Risk-Based Internal Audit Planning

A risk-based internal audit plan helps organisations focus audit resources on areas with the greatest potential impact.

We work with management and relevant stakeholders to understand the organisation’s objectives, operating environment, key risks, and control priorities.

Our planning process may consider:

  • Strategic and operational objectives

  • Financial risks

  • Regulatory and compliance risks

  • Business process risks

  • Technology and information risks

  • Fraud and financial crime risks

  • Changes in business activities

  • Emerging risks

  • Previous audit findings

The resulting audit plan is designed to provide meaningful assurance while remaining aligned with the organisation’s priorities.

Internal Control & Process Reviews

Strong internal controls help organisations protect assets, maintain reliable information, support compliance, and improve operational accountability.

Our internal audit reviews may assess:

  • Governance structures

  • Financial controls

  • Approval authorities

  • Segregation of duties

  • Procurement and payment processes

  • Revenue and receivables

  • Payroll and employee-related processes

  • Inventory and asset controls

  • Information and system access

  • Operational procedures

  • Compliance monitoring

We identify control gaps and provide practical recommendations that are proportionate to the organisation’s size, structure, and risk profile.

Financial & Operational Internal Audits

Internal audit should consider both financial controls and operational effectiveness.

Our audit work may include:

  • Review of accounting and financial processes

  • Assessment of financial reporting controls

  • Review of expenditure and payment procedures

  • Procurement and vendor controls

  • Revenue and collection processes

  • Inventory and fixed asset management

  • Operational efficiency reviews

  • Review of policies and standard operating procedures

  • Assessment of process compliance

Our objective is not only to identify weaknesses but also to help organisations improve processes and achieve stronger business outcomes.

Internal Audit Reporting & Follow-Up

Clear reporting helps management understand audit findings, evaluate risks, and take appropriate corrective action.

Our internal audit reports may include:

  • Scope and objectives of the audit

  • Summary of key observations

  • Assessment of relevant risks

  • Control and process findings

  • Practical recommendations

  • Management responses

  • Agreed action plans

  • Priority and implementation considerations

We can also support follow-up reviews to assess the progress and effectiveness of agreed corrective actions.

Benefits of Outsourcing or Co-Sourcing Internal Audit

Our services can help organisations:

  • Access experienced internal audit professionals

  • Improve independent assurance

  • Strengthen governance and internal controls

  • Address specialist audit requirements

  • Manage internal audit workloads

  • Improve risk identification

  • Enhance regulatory and policy compliance

  • Obtain practical recommendations

  • Improve operational efficiency

  • Support continuous business improvement

Why Choose Forth ME Auditors?

Forth ME Auditors combines internal audit expertise with experience in audit, accounting, financial reporting, risk management, governance, and regulatory compliance.

Our approach is:

  • Independent and objective

  • Risk-based and business-focused

  • Flexible to your internal audit requirements

  • Tailored to your organisation

  • Focused on practical and measurable improvements

  • Supported by clear reporting and transparent communication

We work as a trusted extension of your organisation, helping management strengthen controls, manage risks, and improve business performance.

Frequently Asked Questions

What is internal audit outsourcing?

Internal audit outsourcing involves appointing an external professional firm to manage all or part of an organisation’s internal audit function.

What is internal audit co-sourcing?

Internal audit co-sourcing involves working alongside an organisation’s existing internal audit team by providing additional resources, specialist expertise, or support for specific audit activities.

Which option is suitable for my organisation?

The appropriate model depends on your internal resources, audit requirements, business risks, governance structure, and need for specialist expertise. We can help assess which approach is most suitable.

Can you develop an annual internal audit plan?

Yes. We can assist with risk assessments, audit prioritisation, and the development of a structured annual internal audit plan.

Can you support our existing internal audit team?

Yes. Our co-sourcing services can provide additional capacity, specialist knowledge, technical support, quality reviews, or assistance with specific audit engagements.

Build a Stronger Internal Audit Function

An effective internal audit function provides valuable insight into risks, controls, governance, and business performance.

Forth ME Auditors L.L.C. provides professional Internal Audit Outsourcing & Co-Sourcing services in Dubai and across the UAE, helping organisations access the expertise and assurance needed to strengthen controls, improve accountability, and support sustainable growth.

Speak with Our Internal Audit Advisors

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Whether you require an audit, tax advisory, accounting support, or strategic business consulting, our team is ready to help.