AUDIT SERVICES IN DUBAI
In a simple way we can say Auditing is an unbiased and independent examination of financial transactions of a business. Audit Services in Dubai is important because in UAE All the business should maintain all financial transaction in a systematic manner. When it comes to the financial activity sometimes a business man can’t trust blindly anyone more specifically who deals with Company’s finance. What it means it means there are a lot of chances and gapes to do fraudulent activity or manipulation of financial transactions. In short we can say Auditing is conducted to reduce or to avoid Fraud risk factors in your business.
Why do a Company need an audit Services in Dubai ?
Is there any real benefit hiring an Auditor other than the previously mentioned merits?
Every Business in the UAE seeks an advantage over their competitors which is quite natural thing. But to stay unique in the market or dominate in the market over your competitors, you should know the financial position and capability of your business. For this you should keep your accounting and financial transaction up to date and do Audit of that transactions. The Auditing of financial transactions of a business not only helps the Business man to find fraudulent activity but also it shows whether the business is following Accounting or Business rules and regulations of specified authority.
An Audit is mandatory for the following reasons:
• Required or requested by any regulatory authority
• Any one of the partner need an Audited report to review the company accounts.
• Any disputed partner requesting for independent Audit report to review the company Accounts.
• Requested by Any banks to upgrade any of your banking facility.
• To renew your business license in any free zones of UAE.
We are associated with accredited auditors in the UAE . We provide audit reports for any type of business that they require for license renewal, Bank purpose or any other.
We can provide valid Audit reports for Dubai DMCC, Jabal Ali Free Zone Authority, RAKEZ, Sharja Airport Free Zone (SAIF), Ajman Free zone, Dubai Silicon Oasis & Hamriya Free zone. We do also provide audit reports for any banks in the UAE.
Below are the types of audit duties we perform for our clients on a daily basis.
External Audit
External Audit also said as statutory audit. What a Statutory Audit means, An audit required or by Law. In Simple we can say that an External Audit is an independent examination of financial transactions maintained or recorded by the organization. In the UAE Banks require Audited financial statements from an accredited audit firm in Abu Dhabi and Sharjah or from Dubai registered audit firms.
We have clients from all types of industries whether its construction, trading, manufacturing , Banking , we always ensure to perform our duties with dedication and commitment.
Internal Audit
Internal auditing means an independent objective assurance designed to add value and enhance company operations; this gives clear idea about the risk involved and helps to take right decisions specifically on financial activities of the company. Internal audit may help the business to improve performance by identifying and solving issues before they are detected in external audits.
When you prefer us to do your internal Audit duties , our goal is to give value , improve efficiency of your business system & reduce coast . Our team of expert can help you to achieve the goals you set by giving a clear and sharp idea about your business operations.
We can provide serious information and details to the top level management of a business to enhance complete system and operations of that business or to change the existing system for the growth of the business, and we do provide these services to companies operating in all sectors.
Tax Audit
A Tax audit basically evaluating or assessing a company’s system whether they follows the Tax laws rules & regulations. In other words we can say its an evaluation or an assessment conducted by Federal Tax Authority to ensure that every VAT registered Business entities collects VAT from the customer and pays to the Authority. In addition to this tax audit will also used to assess whether a company complies with all applicable tax rules in the UAE .
When you engage our team of experts for Tax audit of your organization we ensure to assist you in preparing each and every aspects of financial transactions complies with Fedral Tax laws. This may reduce risk of huge penalties for violation any Tax laws.
Our duties are not limited to the following.
• Overview of each transactions and VAT calculations.
• Analyzing the VAT returns
• Compare the reported VAT data and Data shown in the company’s accounts.
We are team of Experienced and professional chartered accountants who always aim to evaluate the deeper picture of the client’s business regardless of the size and complexity of the accounts. We help our clients meet their obligations by meeting the Accounting standards.
Ensuring that you have the right strategy and systems is important to lead the business growth and fulfill your responsibilities. To be safe from financial risk and from fraudulent activity , it is mandatory to keep proper books of accounts and evaluate in regular interval.We provide valid Audit report and Business consultancy in the UAE irrespective of company size and business type. For Auditing services in the UAE contact us.
Internal auditing means an independent objective assurance designed to add value and enhance company operations; this gives clear idea about the risk involved and helps to take right decisions specifically on financial activities of the company. Internal audit may help the business to improve performance by identifying and solving issues before they are detected in external audits.
When you prefer us to do your internal Audit duties , our goal is to give value , improve efficiency of your business system & reduce coast . Our team of expert can help you to achieve the goals you set by giving a clear and sharp idea about your business operations.
We can provide serious information and details to the top level management of a business to enhance complete system and operations of that business or to change the existing system for the growth of the business, and we do provide these services to companies operating in all sectors.
Tax Audit
A Tax audit basically evaluating or assessing a company’s system whether they follows the Tax laws rules & regulations. In other words we can say its an evaluation or an assessment conducted by Federal Tax Authority to ensure that every VAT registered Business entities collects VAT from the customer and pays to the Authority. In addition to this tax audit will also used to assess whether a company complies with all applicable tax rules in the UAE .
When you engage our team of experts for Tax audit of your organization we ensure to assist you in preparing each and every aspects of financial transactions complies with Fedral Tax laws. This may reduce risk of huge penalties for violation any Tax laws.
Our duties are not limited to the following.
• Overview of each transactions and VAT calculations.
• Analyzing the VAT returns
• Compare the reported VAT data and Data shown in the company’s accounts.