Building a Risk-Based Internal Audit Plan: A Guide for UAE SMEs 

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Risk-based internal auditing (RBIA) is becoming the gold standard for SMEs in the UAE. Unlike traditional audits that cover standard areas, RBIA focuses on the specific risks that can impact your business’s objectives. This approach ensures that internal audit resources are directed where they matter most. 

At Strategists Consultant, we assist UAE SMEs in designing risk-based internal audit plans that align with their strategic priorities. This starts with identifying key risks—financial, operational, technological, or regulatory—and ranking them based on impact and likelihood. 

Our methodology includes interviews with management, process reviews, and external benchmarking. The result is a tailored audit plan that offers maximum assurance with optimal resource use. RBIA helps uncover blind spots, supports informed decision-making, and strengthens governance. 

With increasing regulatory scrutiny and economic uncertainty, SMEs can no longer afford to treat internal audit as a routine task. Strategists Consultant transforms it into a dynamic, risk-focused function that supports long-term sustainability. 

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