Soha Khan
33 posts
Aug 25, 2026
5:55 AM
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Internal audit has become an important part of corporate governance, risk management, compliance, and financial accountability in Saudi Arabia. In 2026, companies must understand that internal audit requirements can vary according to legal structure, listing status, sector, regulator, and business size. An internal audit firm can help organizations evaluate controls, identify risks, assess compliance, and strengthen governance frameworks. For listed companies, CMA Corporate Governance Regulations establish specific expectations for internal controls, risk management, and internal auditing. Companies are required to maintain appropriate internal audit structures and ensure sufficient independence. Regulated financial institutions may also face additional SAMA requirements, including direct reporting to the audit committee and comprehensive, risk based audit planning. A strong internal audit framework should cover financial reporting, cybersecurity, procurement, fraud risks, compliance, technology, business continuity, and operational controls. Regular audits should identify weaknesses, document findings, recommend corrective actions, and monitor remediation. Saudi businesses can also outsource internal audit where specialized expertise or additional resources are needed, while management and the Board remain responsible for governance and controls. In 2026, risk based internal audit can help KSA businesses improve transparency, strengthen controls, manage emerging risks, and support sustainable growth.
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