-Internal Audit

We provide independent advisory services that add value to the company's operations and development and assist the enterprise to achieve its objectives.
We provide a structured and disciplined approach to assessing and developing governance efficiency, risk management and internal control, maintaining effective controls for assessing their effectiveness and efficiency, and maintaining continuous improvement.
We report periodically to senior management and the Audit Committee on observations and proposals for improving the oversight environment.

-Roles And Responsibilities

audit planning, identification of high-risk areas and prioritization.
Evaluation of the internal control system, inspection, auditing and reassessment of internal control risks To participate in the preparation and updating of the internal audit manual in order to be consistent with professional standards, the domestic policies of the enterprise and relevant laws and regulations.
Provide a report of results, highlighting shortcomings and recommending appropriate action.
Ongoing quality assurance and improvement development and follow-up.

-Risk Management

Risks are defined as potential events that negatively affect the achievement of organizational objectives if they occur. Organizations should therefore study those risks and mitigate their negative effects by building viable plans and strategies that mitigate those impacts.

-Types Of Risk

Financial risk
Operational risks
Notification of electronic systems
Accordingly, our methodology in risk management is to assess for risks, analyze them and assess the impact of such risks when they are high or low, to examine appropriate controls that would mitigate this impact to help make the enterprise work by avoiding such risks, and to periodically review the risk management plans of our team to ensure that the procedures are conducted in the best possible manner and that no risks have been taken into account previously.

-Governance

Governance is a combination of the mechanisms that are applied to regulate the different relationships between the governing council, executive directors, shareholders and stakeholders by establishing special procedures to facilitate decision-making, transparency and credibility with a view to protecting the rights of shareholders and stakeholders and achieving equity, competitiveness and transparency in the market and the business environment.
Ithmar for Financial Consulting Company provides, through a team of specialists and professionals in the practice of corporate governance and with knowledge and knowledge of the latest rules and regulations in Saudi Arabia, assistance to companies in preparing their governance manual in line with Saudi regulations and laws, in particular the corporate system and the financial market system, as well as the company system and its founding contract.