PILLAR PAGE — Risk Advisory

Risk Advisory Services in Oman

As Oman tightens corporate governance expectations for listed and regulated entities, and as sectors from banking to logistics face growing regulatory scrutiny, risk management has moved from a back-office function to a board-level priority. Businesses that manage risk well protect not just compliance status, but licences, reputation and long-term value.

Kreston Menon Al Dohh helps boards and management teams across Oman build risk management, governance and internal audit functions that are proportionate, practical and aligned with the expectations of regulators including the Central Bank of Oman, the Capital Market Authority and sector-specific authorities.

Practical Risk.

Stronger Resilience.

METHODOLOGY

Our Approach

Risk advisory fails when it becomes a paperwork exercise. We design frameworks that match your organisation's actual risk profile and regulatory footprint — not a generic template — and we build the internal capability for your team to own them going forward, rather than creating dependency on outside consultants.

CORE CAPABILITIES

What We Offer

Enterprise Risk Management (ERM)

Risk framework design, risk registers and risk appetite statements aligned to your board's oversight needs.

Governance

Corporate governance structuring, board effectiveness reviews and CMA governance code compliance support for listed and family-owned companies.

Internal Audit

Co-sourced or outsourced internal audit functions delivering independent assurance to boards and audit committees.

Internal Control

Design, documentation and testing of internal control frameworks across financial, operational and IT processes.

Regulatory Compliance

Compliance programme design and monitoring across CBO, CMA, AML/CFT and sector-specific Omani regulatory requirements.

THE KRESTON ADVANTAGE

Why Businesses in Oman Choose Kreston Menon Al Dohh

Direct experience with CBO, CMA and sector regulatory expectations in Oman.

Risk and governance frameworks that are audit-ready and board-presentable from day one.

A pragmatic build for smaller and mid-sized businesses, not just enterprise-scale solutions.

Independent internal audit delivery that satisfies governance code requirements without a full in-house function.

OUTCOMES

What You Will Gain

Defensible Structure

A defensible governance and risk structure your board and regulators can trust.

Early Visibility

Early visibility of control weaknesses before they escalate into incidents.

Regulatory Confidence

Confidence in regulatory compliance across CBO, CMA and sector rules.

Proactive Management

Reduced reliance on ad hoc, reactive risk management.

KNOWLEDGE BASE

FAQs

Is internal audit mandatory for companies in Oman?

Internal audit requirements in Oman generally apply to listed companies, banks and certain regulated entities under CMA and CBO governance codes, though many privately owned businesses adopt internal audit voluntarily to strengthen controls and support growth or financing plans.

What is the difference between internal audit and internal control?

Internal control refers to the processes and safeguards built into daily operations to prevent and detect errors or fraud. Internal audit is an independent function that periodically tests whether those controls are actually working as intended and reports findings to the board or audit committee.

Can internal audit be outsourced in Oman?

Yes. Many Omani companies co-source or fully outsource their internal audit function to an independent firm, which can be more cost-effective than building an in-house team while still meeting governance code and regulatory expectations for independent assurance.