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If your organization operates in Oman, 2025 marks a pivotal shift in how internal audits are conducted. The Institute of Internal Auditors (IIA) released its updated Global Internal Audit Standards in January 2024, and Oman’s Financial Services Authority (FSA) has officially adopted them, requiring full implementation by January 9, 2025. These changes aren’t just cosmetic—they redefine how audit teams assess risk, report findings, and align with strategic goals.
At Al Mawaleh, we work with businesses across Oman to help them adapt to evolving audit frameworks. This guide breaks down the new internal audit standards in Oman, offering practical insights for audit teams, risk managers, and compliance officers preparing for the transition.
The 2025 standards consolidate previously separate guidance into a single, streamlined framework. Key updates include:
These updates aim to make internal audits more strategic, agile, and aligned with global best practices.
To comply with the new standards, audit teams in Oman must revisit their entire internal audit process. This includes:
The shift isn’t just procedural—it’s cultural. Internal auditors are now expected to be proactive advisors, not just compliance checkers.
Here’s a simplified internal audit checklist to help teams prepare:
Audit functions should also prepare for quality reviews and external evaluations, especially if they’re working with regulated entities.
Navigating these changes requires more than just reading the standards—it demands strategic execution. That’s where professional internal audit services in Oman come in. Experienced firms can:
At Al Mawaleh, we offer customized risk advisory services in Oman to help businesses strengthen their internal controls and meet evolving audit expectations.
Not all internal audit firms in Oman are created equal. Look for partners who:
Whether you’re a financial institution, manufacturer, or government entity, choosing the right audit partner can make or break your compliance strategy.
The new internal audit standards in Oman are more than a regulatory update—they’re a blueprint for smarter, more strategic governance. As the January 2025 deadline approaches, audit teams must act now to align their processes, tools, and mindset with the new framework.
At Al Mawaleh, we help organizations turn compliance into competitive advantage. From internal quality audits to full-scale risk advisory, we’re here to guide your team through every step of the transition.
Let’s build a future where audits aren’t just about checking boxes—they’re about driving value.
📞 Contact Al Mawaleh today at +968 7733 8545
🌐 Visit: https://mawaleh.com
Al Mawaleh is a leading financial consultant company in Oman, delivering expert accounting services, professional auditors, and trusted financial solutions advisor support for businesses through top financial consulting firms expertise.