Planning
- Agree scope, timeline & logistics
- Issue audit notification and requirements list
- Align expectations with management
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Business Risk ServicesOur Business Risk Services
Risk does not announce itself. It builds quietly in outdated processes, unchecked controls, governance gaps, and decisions made without sufficient data. By the time most organizations discover a problem, the cost of fixing it has already grown significantly.
Your Internal Audit Department
Structured, risk-based programs — without the overhead
PROFIX Consulting is an internal audit company UAE finance and risk leaders turn to for structured, risk-based internal audit programs that catch problems while they are still manageable. As an outsourced internal audit UAE partner, we function as your internal audit department without the overhead of building one in-house, covering audit plan development in Dubai, fieldwork, and reporting end-to-end.
The internal audit services Dubai clients rely on begin with a comprehensive internal controls review in Dubai and a control gap analysis in UAE that maps exactly where your current state falls short, followed by a practical remediation roadmap. We are an internal audit firm for hospitality in Dubai that hotel groups trust, and we provide the internal audit for real estate developers in the UAE required to satisfy owners, lenders, and regulators.
One structured program, five disciplines
Beyond internal audit, our Business Risk Services combine business risk consultancy, risk management consulting, GRC consulting, risk mapping services, and compliance review into a single, structured program. Our team has completed over 100 internal audit engagements across hospitality and real estate using a methodology proven across leading international brands.
Our Audit Approach
Internal Audit Methodology
Fieldwork & Testing
- Kick-off meeting with HODs
- Walkthroughs & sample-based controls testing
- Regular updates on gaps & missing data
Fieldwork Closure
- Exit meeting & validation of findings
- Capture management justifications
- Agree response & data deadlines
Reporting
- Draft report and quality assurance
- Obtain & validate management comments
- Finalize & issue the report
Risk Assessment
High Level Risk Assessment Methodology
Establish Context
Kick off project, align expectations, review org structure, policies, procedures, frameworks, assess regulatory landscape, and perform gap analysis of Internal Audit Documents.
C-Suite Workshop
Conduct workshop with C-suite management to discuss operating model, strategic objectives, and key areas of concern.
Risk Identification
Conduct meetings with Heads of Departments to perform design-level controls diagnostics, identify gaps, and validate auditable areas.
Controls Diagnostics
Finalize audit universe, draft controls diagnostics report including key concerns, control design gaps, internal controls checklist, and recommendations.
IA Plan & Reporting
Develop Internal Audit Plan with objectives, scope, and man-days per auditable area. Prepare Audit Committee presentation summarising results and best-practice recommendations.
Features
Our Business Risk Services
01
Internal Audit Services
Independent, objective evaluation of risk management processes, internal controls, and governance. Risk based audit engagements focused on highest-risk areas covering full Internal Audit Universe across the business.
02
Controls Diagnostic Review
Identifies the difference between your current control environment and a well-controlled operational standard, producing a prioritised action plan across financial, operational, and IT dimensions.
03
ICFR Implementation
Six-stage ICFR methodology: Scoping (materiality, GL mapping), Process Flows & RCMs (ELC, PLC, ITGC), Gap Assessment, Management Test Plan, Conduct Testing, Reporting (gap assessment report, process flows, training).
04
Control Self-Assessment Implementation
Six-component CSA: Policies & Procedures, Delegation of Authority, Control Information (performer, reviewer, owner), Evidence Requirements, Risk Criteria, Self-Assessment Toolkit.
05
GRC Consulting
Governance, Risk, and Compliance programme design and implementation — proportionate, practical and embedded in day-to-day operations. Risk workshops, risk registers, heat maps, compliance frameworks.
06
Enterprise Risk Management Implementation
Structured risk workshops with leadership to identify, assess, and prioritise business risks. Output: risk register and risk heat map giving your board a shared, objective view of exposure.
Ready to take control of your finances? Let’s talk today.
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FAQ
Frequently Asked Questions
Clear answers to help you understand features, workflow, and secure task handling with confidence.
What is the difference between outsourced and co-sourced internal audit?
Outsourced means PROFIX manages your entire internal audit function. Co-sourced means we work alongside your existing team, providing additional capacity, specialist skills, or a fresh perspective. We offer both.
Can you conduct internal audits for real estate and hospitality businesses?
Yes — this is a particular strength. We have completed 100+ internal audit engagements at hotels operating under Ritz-Carlton, Marriott, Hilton, Fairmont, Novotel, Pullman, Rotana, and other flags, as well as real estate developers, property management companies, and asset managers.
What is a GRC framework and does my business need one?
A GRC framework is an integrated approach to governance, risk management, and compliance. If your business is growing, operating in a regulated environment, or seeking investment, a structured GRC framework is essential.
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Ready to Work With a Firm That Actually Knows Your Industry?
Whether you need a statutory audit, a food safety review, an HMA advisory, or a complete risk advisory engagement — PROFIX Consulting is ready to help.