We have accumulated experience with respect to assisting promoters with their licensing process with the Dubai Financial Services Authority (DFSA) and Financial Services Regulatory Authority (FSRA). To date, we have provided regulatory assistance to a number of diverse applicants and, such assistance broadly encompasses the following services:

– Comprehensive assistance with the incorporation/ licensing process for authorization by the DFSA / FSRA / ESCA

– Assistance with the preparation and review of the regulatory business plan

– Preparation of the financial projections and assistance with the preparation of the PIB returns

– Assistance with the preparation of the compliance manual, compliance monitoring programme, anti-money laundering manual, risk management manual and other regulatory manuals.

– Assistance with the registration and incorporation process of legal entity with the DIFC / ADGM Registrar of Companies (ROC).

Effective Corporate Governance is vital to develop and implement an effective culture across the organization for business development and for management/ investment decision-making process. Effective corporate governance contributes to the efficiency of financial and commercial activities of organization, ensures effective risk management, internal controls system and to safeguard the interest of all stakeholders.

Our corporate governance include the following services:

– Review of existing corporate governance structure, providing recommendations and assistance in their implementation

– Improvement of the risk management system and processes

– Development of codes for corporate governance, business conduct, and other corporate documents;

– Improvement of corporate governance processes for group companies;

– Review of the board of directors and board committees work;

– Assistance in meeting the regulatory requirements on corporate governance and information disclosure

– Advising on information disclosure issues.

Internal Audit Outsourcing / Co-sourcing Services

Our experienced team can take over full responsibility for an organisation’s Internal Audit Function as directed by the board, audit committee and/or senior management. Our team shall prepare the internal audit plan and shall implement it in accordance with the internal audit standards and industry best practices.

This model will bring in the required expertise for the organisation and shall result in lower operating costs while identifying improvement opportunities.

External Quality Assessment Review of Internal Audit Function

As per the Internal Audit standards, our team can perform the external quality assessment review of the Internal Audit Function of the organisation.

The external quality review is primarily focused on the following aspects of Internal Audit Function (a) Positioning, (b) People and (c) Processes

Our service in this regard includes evaluation of current state of Internal Audit Function with the standard requirements and industry best practices. We further recommend actions to be taken to reduce the gap between the current and the targeted state of Internal Audit Function. Such a review provides senior management and Audit Committee with added assurance regarding operations of Internal Audit Function in the organisation.

Establishing Internal Audit Function

We help organisations where Internal Audit Function does not exist or the way it functions does not meet management’s requirements.

Establishing and operating an effective Internal Audit Function requires time, effort, and experience. We provide support and guidance to clients which are undertaking the steps to establish an Internal Audit Function. Our services in this regard include:

– Planning for positioning of the Internal Audit Function

– Searching for suitable candidates, assessing the new-hires or current employees

– Training the staff

– Assisting in preparation of Internal Audit activity’s charter, procedures, audit plans, etc.

– Carrying out Internal Audit tasks together with the organisation’s staff to transfer knowledge.