Rotana Corporate Sustainability Report 2012

31 Audit Process Grant Thornton performs an annual audit of the core business for all Rotana hotels and support processes to highlight gaps in internal controls and also review the business and support processes for identifying improvement opportunities. A Risk Based approach is followed by: • Evaluating the control objectives of the main processes • Evaluating the risks surrounding each process • Evaluating the existing controls in each process • Identifying the main gaps and deficiencies in the control system • Recommending and proposing solutions, controls and systems that remediate the gaps and manage risks Recommendations to strengthen the business and support processes are presented to the management and a review of the status of implementation of recommendations made are carried out and report presented to the management. “We succeed, because every decision we take is based on a clear understanding of what we do. Our belief in the certainty of our financial planning is fundamental to the prosperity of the company, and that of our property owners.” Nael Hashweh Member of the Board of Directors – Consultant “Bullet-proof financial planning is underpinned by practical policies, state-of-the-art information systems and a two-tier audit process that ensures management and operations performance is continuously reviewed and evaluated.” Hamid Abou Sahyoun Executive Vice President & Chief Financial Officer