INTERNAL AUDIT & RISK CONSULTING

Welcome to VASS International, where we redefine internal audit services to fit the heartbeat of your organization. Our team of dedicated professionals goes beyond the norm, adding value to your operations and guiding you on a journey of improvement and efficiency

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Crucial Services for Business Resilience

In the fast-paced world of business, our internal audit and risk management services are indispensable for ensuring the strength and longevity of your organization. We go beyond routine checks, providing strategic insights for informed decision-making, mitigating risks, and bolstering compliance in sectors with intricate regulations like AML/CFT requirements.Our services are tailored to enhance operational efficiency through outsourcing, co-sourcing, and expertise sourcing, contributing to cost savings and a skilled internal audit team.

We focus on continuous improvement, addressing methodologies, team dynamics, and technology, ensuring your organization stays ahead of the curve. By investing in our internal audit training programs, you empower your workforce with the latest tools and practices, fostering a resilient and adaptive organizational culture. Elevate stakeholder confidence, drive operational excellence, and position your business for sustained success by partnering with us at VASS International.

OUR SERVICES

Internal Audit and Risk Management Experts

Unlock a new era in internal audit services designed to fortify your business. At VASS International, we go beyond traditional audits, systematically enhancing risk management and governance processes to empower your leadership in managing enterprise risks effectively.

FAQs - Internal Audit & Risk Consulting

  • What is Internal Auditing?
    • Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. An internal audit is conducted to properly check whether a company follows the internal protocols, regulations, and standards. Every organization has a specific set of rules/ Standard Operating Procedures (SOPs) to follow. The internal auditing ensure the employees and top officials abide by all of them for legal and operational efficiency.
  • What objectives can be achieved by obtaining Internal Audit service?
    • An effective internal auditing system will aim to achieve:  Independent assurance of compliances  Risk Assessment and mitigation  Process improvement
  • What is Risk?
    • A risk is described as an event or occurrence that, if left unnoticed and unaddressed, might prevent an organization from achieving its goals or objectives.
  • How many types of risks does a business entity face?
    • Risks are categorized in most businesses as Strategic, Operational, Financial, and Compliance Risks. Strategic risk: the risk that failed business decisions may pose to a company. Operational risk: the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. Financial Risk: The possibility that a company’s cash flow may be insufficient to satisfy its obligations—that is, its loan repayments and other debts. Compliance Risk: the risk of material loss weather financial or reputational as a result of failing to operate in line with industry rules and regulations, internal policies, or recommended best practices.
  • How Risk Consultancy can assist the company in managing its risks?
    • A risk consultancy can advise the entity on how to incorporate risk into decision-making and transform interruptions into business opportunities. It follows a well-documented, systematic and sequential approach in risk assessment and risk management. The approach usually follows has following steps;  Understanding the Organization  Identify Risks  Risk analysis  Evaluate Risks  Treat Risks

Why choose VASS?

Because we offer more than just services – we provide expertise tailored for the dynamic UAE business scene. Assets Protection: Examine the protection afforded to the company's assets and their use for business purposes.

With us, you'll experience meticulous audits and strategic risk management solutions designed to empower your business. Trust VASS for excellence and resilience in your corporate journey.

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    VASS International

    VASS International, a member firm of SBC Global Alliance is a leading Corporate Services firm, delivering International Business Solutions for company formation, audit, tax, VAT, accounting, financial advisory, legal and management consulting services throughout the globe. Vass International is the only member of SBC Global Alliancein UAE. We are located at Karama, Dubai and provide professional services to our clients across the region.

    We have an expert team of certified auditors, accountants, advisors, lawyers, Chartered Accountants, Chartered Management Accountants, MBA’s from UK, USA and financial analysts who can help you to trade, investor under take business locally or globally. We have strategic partnerships at both private and government levels.

    VASS International will help to meet all your business solutions at a single place. We can help you with all business services like company formation, bank account opening, accounting, auditing, tax, business advisory, etc. We have many happy clients throughout all industries in the UAE. VASS International provides business setup solutions in UAE Mainland, UAE Free zones and Offshore of emirates Dubai, AbuDhabi, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain and Fujairah.