Internal Audit

Internal Audit

The internal audit function has been outsourced to Grant Thornton Advisory Services - Al Aiban & Al Qatami Co. and the function is overseen by the Internal Audit Team at Securities Group.The Internal Audit function independently reports to the Board Audit Committee (BAC). The audits are performed by the outsourced internal auditors according to the internal audit plan approved by the BAC and comprehensive reports are submitted by the internal auditors directly to the BAC. The necessary corrective policies and measures are adopted, wherever required. The Internal Audit plan is implemented by evaluating controls over significant risks and the effectiveness of risk management, control, and governance processes.