Internal Audit & Risk Assurance
Independent, risk-based internal audit that finds the real issues — and gives the board the report it actually wants to read.
Fees are confirmed in writing after the consultation.
25+ years CFO-level leadership · 200+ clients · 98% client retention · No lock-in, monthly
Internal audit, done well, is the highest-leverage governance investment a privately held business can make. It uncovers the operational and financial risks that management is too close to see, and it gives the board independent confidence that controls are working.
Internal audit, done well, is the highest-leverage governance investment a privately held business can make. It uncovers the operational and financial risks that management is too close to see, and it gives the board independent confidence that controls are working.
Done badly, it's a 200-page report nobody reads. Axcell's internal audit practice is built around the IIA standards, risk-based methodology, and an unusual commitment: every finding comes with a remediation plan management can actually execute — not a 'best-practice recommendation' that gets filed and forgotten.
- Risk-based annual audit plan (built from a documented risk universe)
- Operational audits — revenue cycle, purchase-to-pay, payroll, inventory, treasury
- IT general controls and application controls (ITGC, IT-dependent controls)
- Internal controls over financial reporting (ICOFR) design and testing
- Fraud risk assessment, whistleblower investigations, forensic procedures
- Compliance audits: ZATCA, PDPL, FTA corporate tax, ETA, sector-specific (financial services, healthcare, education)
- Sharia governance reviews for Islamic-financed entities
- Co-sourced or fully outsourced internal audit function for SMEs without in-house audit capacity
Companies where the board (or majority shareholders) want independent assurance that controls are working — most commonly Saudi family groups, Gulf holdings, Egyptian private equity portfolio companies.
Businesses preparing for IPO, debt issuance, or institutional investor onboarding — internal audit is no longer optional.
Companies that experienced a control breakdown, fraud incident, or audit qualification and need an independent diagnostic + remediation.
Companies in regulated sectors (financial services, healthcare, education) where internal audit is mandatory by regulator.
- Risk universe development (workshop with management + board)
- Annual audit plan approved by audit committee or owner
- Individual audit engagements (typically 6–12 per year)
- Quarterly audit committee or board reporting
- Follow-up on prior-year findings
- Annual internal audit function self-assessment against IIA standards
IIA-compliant methodology: independence, due professional care, evidence-based findings, formal reporting.
Engagements are led by a senior practitioner with extensive operating experience, under the oversight of a founder with 25+ years of CFO experience.
Reports written for the audience: a 1-page executive summary for the board, a detailed annex for management, an action tracker for the owners.
Every finding is rated for severity (Critical / High / Medium / Low), tied to a specific control, and matched to a remediation owner and deadline.
Annual program pricing based on number of engagements, scope, and entity complexity.
Project-based audits (single area, e.g., revenue cycle audit only) are also available.
Fees are confirmed in writing after a free 30-minute consultation.
Quarterly retainer model also available for ongoing oversight without a full annual program.
- A documented risk universe and audit plan the board can sign off on
- Specific control gaps identified and closed — not generic recommendations
- Quantified exposure: every finding sized in SAR / AED / EGP impact
- Audit-ready posture for IPO, debt issuance, or institutional investor due diligence
- Lower probability of fraud, regulatory penalty, or financial misstatement
Score Your
Financial Health
Knowing where you are lets you know what steps to take next. Answer a few simple questions about how your business spends, saves and reports — and get an instant score with practical next steps.
Book a free 30-minute internal audit assessment
We'll review your current control environment and outline a right-sized program.
Fees are confirmed in writing after the consultation.
Ask the Axcell assistant
Ask anything about scope, how fees are set, or whether we're the right fit — answers in seconds, and Hazem reads every serious conversation.
Is Axcell the right fit?
30-minute conversation. No commitment. We tell you honestly whether we're the right fit.