Internel / External Audit Services In Dubai
Auditing can be extremely beneficial for the smooth operations of all business enterprises. The main benefit of an internal and external audit is to keep an accurate financial record and statement of the company. Our team of consultants can provide you with the best financial services that will provide comprehensive information about the company’s financial status.
Internal Audit Service:
Internal audit provides a deep and accurate understanding of the condition and functions of a company. Our qualified and experienced professionals carry out internal audit services to address significant problems, ensure deadlines are met, and reduce the risk of fraud. It also helps deliver a fair record of the company’s financial statements and provides numerous advantages to the managers and governing bodies within the organization. To mention a few-
- Compliance with the existing and applicable UAE laws and regulations.
- An objective source of information about the risks.
- Provides insight into an organization’s policies, procedures, and culture.
- Improves the organization’s control environment.
- Avoid paying hefty fines for non-compliance.
- Improve the effectiveness and efficiency of company operations.
- Identify risks and protect assets.
All companies operating on the mainland need an internal audit and need to have their financial accounts audited, and keep their financial records for at least five years. The internal audit process involves selection, planning, fieldwork, reporting, and follow-up.
External Audit Service:
In an external audit, all financial statements and records are analysed by an external entity. Our charted accountants are experienced and ensure your external audit is conducted with professionalism and provide detailed financial information about your company. This will be super helpful to the investors, stakeholders, and management. Some of the key advantages of an external audit include:
- Provides a comprehensive and complete business report.
- Increase the confidence of the investors and will bring in more investors.
- Ensures the compliance requirements of the jurisdiction are followed.
- Understand the workings of the business and will prepare it for the future.
- Provide a different perspective and outlook on how to manage the business.
- Increase the credibility of the business.
- Unbiased analysis and opinion from a third party
Before conducting an external audit for your company, keep in mind that the management should understand the basics and what are the results that can be obtained by it. All the documents must be prepared which will be required in the audit process in order to provide better results. Sometimes, a third party will understand the requirements of the business and will provide the best financial solution accordingly.
Take the assistance of a reputed firm that will take care of all your auditing requirements of the company. Besides doing a thorough assessment of business risks and providing relative suggestions, we also conduct an examination of all the accounting records and check other evidence supporting financial statements.