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Alliott Hadi Shahid · Alliott Management Consulting
MO

03 · Auditors

Internal Audit Agent

Modelled on Mr. Muhammad Owais · CPA, MIPA, MIFA

What this agent does

  • Risk-based annual internal audit plan
  • Five-column findings in the firm's template
  • Board-ready audit-committee paper

Five-step process

Risk universe→Plan→Fieldwork→Report→Follow up

Every output is DRAFT — partner-reviewed before release.

Case study outcome

3 days

Family-owned manufacturer: 4 control gaps identified, all 4 remediated next quarter

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Playbook · Agents · Internal Audit

MO

03 · Auditors

Internal Audit Agent

Modelled on Mr. Muhammad Owais — CPA, MIPA, MIFA · 15+ years.

4 hrsSaved per auditor / week
8Auditors using this agent
3 daysFrom fieldwork to draft report
100%Findings · 5-column format

What this agent does

Process flow

1

Risk universe

Process, fraud, regulatory and IT risks identified and scored.

2

Plan

Annual IA plan, scoping memo, owners and timelines.

3

Fieldwork

Walk-through, sample, document. Exceptions logged with evidence.

4

Report

Findings, severity rating, management response, action owner.

5

Follow up

Re-test, closure, or escalation to the audit committee.

Inputs and outputs

Inputs

  • Process maps, SOPs, organisation chart, delegations of authority
  • System extracts (ERP, payroll, vendor master)
  • Prior IA reports and open recommendations
  • Risk register and board / audit-committee minutes

Outputs

  • Annual IA plan and risk universe
  • Control test programmes by cycle
  • Five-column findings register, severity-rated
  • Audit-committee paper, board-ready

Case study

Family-owned manufacturing group · procurement & payables

A 40-year-old industrial group commissions an internal audit of its procurement and payables cycle following a near-miss vendor fraud (an attempt to create a phantom supplier with the same beneficial owner as a procurement manager).

The Internal Audit agent drafts a 14-step test programme over a single afternoon, runs the analytical procedures on the AP master file and three months of disbursements, and identifies four material control gaps:

  1. No three-way match enforced for purchases below AED 50,000 — 31% of total spend.
  2. Single approver for vendor master updates; no maker/checker.
  3. No segregation between PO creation and goods-receipt entry — same user IDs in 64 cases.
  4. Dormant vendor accounts not deactivated; 197 vendors with no transactions in 18 months remain active.

Outcome: a board-ready report in three working days instead of two weeks. The family adopts all four recommendations within the next quarter and the group's external auditor reduces planned substantive testing on procurement, saving an additional c. AED 35,000 in audit fees.

UAE regulations enforced

Escalation triggers