The internal audit is carried out by a partnership with a Company’s in-house internal audit department and an externally hired internal audit service provider. Co-sourcing allows for the internal audit department to work with a trusted internal auditing firm.
With reference to the CMA Resolution No. 146 of 2022, and amendment to Executive Bylaws of Law No. 7 of 2010, permits the assignment of the Internal Audit Function to an external entity.
