Internal Audit Services Saudi Arabia
Risk-based internal audit — outsourced, co-sourced, or advisory — aligned with IIA standards and Vision 2030 governance requirements for Saudi businesses.
Internal audit is the independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes.
Saudi Arabia's corporate governance landscape is evolving rapidly under Vision 2030 — the Saudi Company Law, CMA governance regulations for listed companies, and SAMA requirements for financial institutions all create growing expectations for robust internal audit functions. Intelli Solutions provides fully outsourced, co-sourced, and advisory internal audit services aligned with the Institute of Internal Auditors (IIA) International Standards — helping Saudi businesses build effective, independent oversight without the cost of a full in-house IA team.
Internal Audit Service Models
Fully Outsourced IA
We act as your complete internal audit function — audit committee reporting, annual IA plan, fieldwork, and follow-up. Ideal for SMEs and growing companies without in-house IA capability.
Co-Sourced IA
We supplement your existing IA team with specialist skills — IT audit, forensic, financial, or sector-specific expertise. Flexible engagement aligned to your annual IA plan.
IA Quality Assurance
Independent quality assessment of your internal audit function against IIA standards — identifying gaps in methodology, independence, reporting, and skills.
Specific Audit Assignments
Targeted IA reviews on specific risk areas — vendor management, payroll, procurement, inventory, IT access controls, or regulatory compliance.
Our Risk-Based Audit Methodology
Universe & Risk Assessment
We work with management and the audit committee to identify all auditable areas, assess their inherent and residual risk, and prioritise the annual IA plan accordingly.
Annual IA Plan Approval
Present the risk-based IA plan to the audit committee for approval — ensuring appropriate coverage of high-risk areas and regulatory requirements.
Fieldwork & Testing
Detailed audit procedures including walkthroughs, control testing, data analytics, sample testing, and interviews — producing objective, evidence-based findings.
Reporting & Ratings
Clear, concise audit reports with risk-rated findings (critical / high / medium / low), root cause analysis, and practical recommendations — delivered to management and audit committee.
Follow-Up & Tracking
Systematic tracking of management action plans against agreed timelines — reporting open items to the audit committee until all findings are remediated.
Internal Audit for Vision 2030 Governance
Saudi Arabia's Vision 2030 has significantly elevated corporate governance expectations. Key developments affecting internal audit functions include:
- Saudi Company Law (2022): Enhanced requirements for audit committees in JSCs — including mandatory internal audit function for larger companies
- CMA Corporate Governance Regulations: Listed companies must have an independent internal audit function reporting to the audit committee, with annual review of IA effectiveness
- SAMA Governance Framework: Banks and insurance companies must have IA functions aligned with Basel Committee principles on sound internal audit practice
- Vision 2030 Accountability: Government-linked entities and PIF portfolio companies face elevated expectations for IA independence, reporting quality, and risk coverage
Our IA services are designed to meet these evolving requirements — providing documentation and evidence that satisfies both regulatory reviewers and audit committees.
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Ready to Build a World-Class Internal Audit Function?
Outsourced, co-sourced, or advisory — we design the model that fits your organisation and budget. Free scoping call.