Risk Advisory & Assurance
Protect Value. Ensure Compliance. Build Resilience.
Kenekt provides risk advisory and assurance services in Dubai including enterprise risk management (ERM), risk-based internal audit, AML/CFT compliance frameworks, and IFRS implementation support. We help UAE businesses navigate the country's increasingly active regulatory enforcement environment — moving risk management from a spreadsheet function into the boardroom.
The Cost of Getting Risk Wrong
A single material control failure — a fraudulent supplier invoice, an undisclosed related-party transaction, a missed AML filing — can cost a UAE business far more in regulatory penalties, legal fees, and reputational damage than the total annual cost of a robust risk function. The UAE Central Bank and FTA have both significantly increased enforcement activity since 2023.
Frequently Asked Questions
No. ERM is proportionate — a 20-person SME needs a structured way to identify the 5-7 risks that could derail the business, not a full enterprise framework. For SMEs, we deliver a lightweight, boardready risk register in 4-6 weeks.
External audit provides an independent opinion on whether financial statements are free from material misstatement — backward-looking, for regulators and lenders. Internal audit evaluates whether your controls, processes, and risk management are working as intended — forward-looking, for management and the board.
All UAE businesses are subject to AML/CFT obligations, Economic Substance Regulations (where applicable), UBO reporting requirements, and UAE Corporate Tax compliance since June 2023. Noncompliance carries administrative penalties, licence suspension risk, and in serious cases, criminal liability.
- Enterprise Risk Management (ERM): Identifying strategic threats before they impact your bottom line.
- Internal Audit & Controls: Stress-testing controls to prevent fraud and leakage.
- Regulatory & Compliance: Navigating UAE regulations (AML, ESR, Tax).
- IFRS Implementation: : Technical accounting support for global standards.
- Accounting Advisory: Complex financial reporting support.
