Document background
The Internal Audit Test Plan is a crucial document used by organizations operating in the United Arab Emirates to establish and maintain robust internal control testing procedures. This document becomes necessary when organizations need to conduct systematic internal audits in compliance with UAE federal laws, including Federal Law No. 2 of 2015 and relevant regulatory guidelines. The Internal Audit Test Plan typically includes detailed testing procedures, risk assessment methodologies, sampling criteria, and evaluation frameworks tailored to UAE regulatory requirements while incorporating international best practices. It serves as a foundational document for organizations to demonstrate their commitment to corporate governance, risk management, and regulatory compliance within the UAE jurisdiction. The plan is particularly important for organizations subject to oversight from UAE regulatory bodies such as the Central Bank of UAE, Securities and Commodities Authority, and other relevant regulatory authorities.
