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
Independent internal audit for Egyptian companies
An independent check on cash, purchasing, inventory and payroll — reporting to you, not to the finance team it reviews. Free 30-minute consultation.
Fees are confirmed in writing after the consultation.
25+ years CFO-level leadership · 200+ clients · 98% client retention · No lock-in, monthly
In short: 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.
What is Internal Audit & Risk Assurance?
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.
What do you get with Internal Audit & Risk Assurance?
- 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
Who is Internal Audit & Risk Assurance for?
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.
What does Internal Audit & Risk Assurance cover?
- 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
How does Axcell deliver Internal Audit & Risk Assurance?
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.
How is the engagement structured?
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.
What changes in the first 90 days?
- 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
Common questions about Internal Audit & Risk Assurance
What is an outsourced internal audit?
An outsourced internal audit is an independent review of your controls, processes and risks, carried out by an external team that reports to the owner, board or audit committee. It checks that cash, purchasing, inventory, payroll and revenue are controlled as intended, without depending on the finance team being reviewed.
How is internal audit different from external audit?
External audit gives an opinion on the financial statements once a year for shareholders and regulators. Internal audit works for management and the board throughout the year: it tests controls, finds weaknesses and fraud risks, and tracks fixes. Axcell provides internal audit; we do not sign or certify financial statements.
Who should commission an internal audit?
Owner-managed and family companies, groups with several entities or branches, and companies preparing for investors, lenders or a listing. It is most useful when the owner relies on the finance team but has no independent way to check its work.
How often should internal audit run?
Most mid-sized companies run a risk-based annual plan with three to six audits a year, or a quarterly review of the highest-risk areas. A single-area audit, such as purchasing or inventory, is a practical way to start.
What does the board receive?
A one-page executive summary, a detailed findings annex for management, and an action tracker. Every finding is rated by severity, sized in money terms where possible, and assigned an owner and a deadline.
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Financial Health
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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
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Is Axcell the right fit?
30-minute conversation. No commitment. We tell you honestly whether we're the right fit.