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      Regulators worldwide have increasingly emphasized the importance of internal controls through the enactment of various regulations, laws, and standards. In an era where governance, transparency, and accountability are crucial pillars shaping global economies, the United Arab Emirates (UAE) stands at the forefront of developing robust regulatory frameworks.

      Regional regulators are continually striving to evolve the regulatory landscape to address changing needs, adapt to new circumstances and technological advancements, and strengthen governance frameworks by incorporating the latest trends and leading global practices. This commitment is evident in the issuance of key regulatory frameworks by authorities such as the Securities and Commodities Authority (SCA), the Abu Dhabi Accountability Authority (ADAA), and the Insurance Authority (IA).

      Commitment to integrity and accountability

      The integration of principles akin to the Sarbanes-Oxley Act (SOX) into the UAE's regulatory environment underscores a dedication to fostering a corporate culture founded on integrity and accountability. Additionally, the COSO Internal Controls Framework is now recommended by regulators for all listed companies and most government entities, with more regulators expected to adopt it in the near future.

      KPMG's comprehensive solutions

      At KPMG, we offer comprehensive solutions designed to enhance and transform internal controls, ensuring compliance with these evolving regulatory frameworks. Our expertise in internal controls enables organizations to:

      • Navigate complex regulations: Effectively manage and comply with diverse and dynamic regulatory requirements.
      • Achieve operational excellence: Streamline processes and improve efficiency through robust control systems.
      • Align with strategic priorities: Integrate internal control frameworks seamlessly with your organization’s strategic goals.

      By leveraging our deep knowledge and experience, we help organizations in the UAE build resilient internal control environments that not only meet regulatory demands but also drive overall business performance and integrity.

      Connect with us

      Our Controls Governance and Culture solutions are dedicated to building a strong framework for effective control management while cultivating a culture of accountability. We assist organizations in developing clear governance structures, defining robust control policies, and fostering a culture that emphasizes compliance and ethical conduct. By aligning leadership, processes, and training, we ensure that control practices are consistently applied and deeply embedded across your organization, enhancing both integrity and overall performance.

      Our internal controls maturity and gap assessments provide a comprehensive evaluation of your existing control systems, benchmarking them against leading practices and the COSO Internal Control Framework. We identify strengths and pinpoint areas for improvement to enhance control effectiveness. By assessing maturity levels and uncovering gaps, we offer actionable insights and recommendations to strengthen your internal control environment, ensuring better risk management and compliance.

      Our Controls Design and Implementation service provides custom-tailored control systems designed to meet your unique operational needs. We craft a robust control framework that integrates seamlessly into your existing operations, ensuring optimal functionality to protect and enhance your business. Our approach focuses on creating practical, efficient controls that are aligned with your strategic objectives, delivering a solution that not only safeguards but also supports your business goals.

      Our control automation solutions are designed to streamline and optimize your processes with precision. Leveraging advanced technologies such as data analytics, robotic process automation, and artificial intelligence, we create efficient and reliable control systems tailored to your needs. By automating routine tasks and integrating sophisticated controls, we not only enhance performance, minimize errors, and boost overall productivity but also provide continuous control monitoring for real-time oversight of your internal control framework.

      Tools and technology

      Decipher – control optimization

      Decipher uses AI technology to drive impactful insight and control enhancements.

      Key features
      • Compare risks and controls to KPMG best practice benchmarks
      • Analyze the relationship between risks and controls
      • Identify and priorities control automation opportunities
      • Identify where controls are duplicated
      • Analyze controls against best practice frameworks
      Key benefits
      • Time and effort savings in control operations and testing
      • Optimization and improvement of controls

      KymChat

      A comprehensive tool and AI accelerator that not only guides but also educates users on the creation and maintenance of quality controls, fostering a culture of continuous learning and improvement.

      Key features
      • Enhanced ability to respond swiftly and confidently to regulatory changes, ensuring comprehensive coverage
      • Actionable insight for issues that need rectification and clear steps for improvement
      • Transparent visibility to track compliance obligations, promoting accountability and fostering trust
      Key benefits
      • Focus on strategic, high-impact tasks rather than routine work
      • Supports in the creation and maintenance of quality controls

      Processing Mining

      Process Mining is a data-led approach, providing complete business process transparency and the ability to generate deep process understanding.

      Key features
      • Create real time visibility of end-to-end operations
      • Reveal hidden gaps and deviations within the E2E process
      • Execute targeted optimization using data led outcomes
      • Generate upstream and downstream insights to identify root causes and assess impact
      Key benefits
      • Identification of process weaknesses, inconsistencies and SOD (segregation of duties) conflicts
      • Calculate process savings through service model review and automation of manual tasks

      Insights and resources

      Contact us

      Sudhir Arvind
      Sudhir Arvind

      Global Lead Partner and GRC leader

      KPMG Lower Gulf

      harris matin
      Harris Matin

      Partner, Advisory (Oman)

      KPMG Lower Gulf

      Nigaar Joaffur

      Director, Governance, Risk and Compliance Services

      KPMG Lower Gulf