Internal Audit &

Compliance Department

Internal Audit & Compliance Manager: Ramy Magdy

Senior Internal Audit: Ahmed Lotfy
Index
1. Vision.
2. Mission.
3. Internal Audit & Compliance Program.
4. Responsibilities.
5. Work Done.
Internal Audit & Compliance Department.
1. Vision
• Our Vision is to establish a solid internal audit & compliance
function to be applied to the all company's aspects (Reporting,
Operation, compliance & strategy).

2. Mission
• To enhance and protect organizational value by providing risk-
based and objective assurance, advice, and insight.
Internal Audit & Compliance Department.
3. Internal Audit & Compliance Program:
Program Internal Audit
Phases
Planning • Audit Planning Risk Based
Field Work • Reviewing laws, policies and best
practice, verifying sample
transactions, analyzing and
evaluating transaction also testing
and preparing observations and
recommendations .
Compliance
• Establish Policies and
procedures according to
the company's objectives
and that they do not
conflict with laws and
regulations in addition to
ensuring that they are
already applied and
compliant
• Monitors all operational
processes and procedures
using compliance to
ensure that the company
complies with all legal
regulations and ethical
standards
Internal Audit & Compliance Department.
Program Internal Audit
Phases
Reporting. • It shows what was examined ,
highlighting Strengths , weaknesses
points and conclusions so that the
company’s management knows what
is going well and what needs to be
improved
Follow-up • All audit recommendations and
management corrective action plans
are followed up on to provide
assurance that plans are implemented. •
Compliance
• Maintaining records of
internal & external policies
to ensure the adherence and
to be followed including
what the company needs to
achieve its objective in a
compliant way
• Ensure that the policies are
practical and applied
Ensure that the incompliant
points are solved.
• Ensure that all policies are
up to date
Internal Audit & Compliance Department.

4. Responsibilities:
- Follow up on DOG Audit report to ensure that the recommended necessary
actions have been considered.

- Obtain monthly mapped trial balance and financial statements to prepare

financial ratios before conducting our audit works.

- Define company cycles for (Sales – Purchasing – Fixed assets – IE…).

- Recommend the policies and procedures needed.

- Ensure compliance with (Laws, regulations, policies, and procedures).

- Establish compliance register.

Internal Audit & Compliance Department.
5. Work done:

1. We had already prepared the documentation cycles and flowchart of:

A- Domestic sales (projects - main customers - other customer ).
B- Purchasing cycle (Import Purchase cycle - Domestic Purchase).
C- Marketing & IT purchases Cycle.
D- Fixed assets Cycle .

2. Some polices are also done:

A-Talent Acquisition Policy.
B- Internal Transfer Policy.
C- Internal IT assets policy.