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Internal Audit in Qatar

Internal audit examines whether your controls, processes and governance actually operate as designed. Unlike an external audit, it reports to management and the board rather than to third parties, and it covers operational and compliance risk as well as financial reporting. It is the function that finds control failures before they become losses, qualified opinions or regulatory findings.

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Testing operation, not documentation

Most organisations have a control framework on paper. The question internal audit answers is whether it is followed when nobody is watching, under deadline pressure, by staff who joined after it was written.

We test transactions and observe processes rather than reviewing policy documents.

Where we usually start

Procurement and payments, revenue and receivables, payroll, inventory and asset custody, and delegation of authority. These are where control failures most commonly turn into cash losses.

Reporting that gets acted on

Findings are rated by risk, with a named owner and an agreed deadline for each. Follow-up is scheduled, so the second report tells you what was actually fixed rather than repeating the first.

How the engagement runs

  1. Scope

    Agree the risk universe with management and the board, and prioritise what to audit first.

  2. Test

    Walk through processes and test real transactions against the stated control.

  3. Report

    Risk-rated findings with a named owner and an agreed remediation date.

  4. Follow up

    Re-test at the agreed date and report what was actually closed.

Frequently asked questions

What does internal audit do?
Internal audit independently tests whether an organisation’s controls, processes and governance operate as intended. It reports to management and the board, covering operational, compliance and financial risk, and recommends specific corrections with owners and deadlines.
Is internal audit mandatory in Qatar?
Internal audit is not universally mandated for private companies, but it is expected in regulated sectors and by many boards, lenders and joint venture partners. Larger organisations and those bidding for government work are commonly required to demonstrate an internal audit function.
Can our external auditor also be our internal auditor?
Independence rules restrict this. An external auditor who also designs and tests the controls they later audit is reviewing their own work. Separating the two functions protects the credibility of the external opinion.
How often should internal audits be performed?
Most organisations run an annual plan with quarterly fieldwork, weighted toward the highest-risk areas. Frequency should follow risk: high-value procurement or cash-handling processes usually warrant more than annual coverage.
What is the difference between internal audit and a compliance review?
A compliance review checks conformity with a specific rule or standard. Internal audit is broader: it assesses whether the control environment as a whole manages the organisation’s risks, including risks no external rule addresses.

Need this done?

Tell us your deadline and we will tell you what is required, what it involves and what it costs.

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Request a free consultation

Tell us what you need and by when. We reply within one business day.

WhatsApp+974 7708 8575info@mbnaudit.com

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