Audit Firms in Dubai
Internal audit and external audit are two of the most important audit services offered by audit firms in Dubai. Auditors in the UAE identify areas in a company’s operations that are underperforming and improve its governing structure. Audit firms in Dubai add great value to the companies and contribute to their growth and financial stability. Auditors in UAE provide several benefits to the companies, such as:
- Enhance efficiency and effectiveness of operations.
- Provide compliance requirements from UAE authorities.
- Identify the activities that are non-beneficial to the business and eliminate them.
- Strengthening business structure and internal control of the company.
Our qualified auditors in UAE are well-versed with international accounting and auditing standards and they ensure that a company’s financial statements comply with those requirements. Therefore, having reliable, timely and transparent audit services in Dubai is important for businesses.
Audit Firms in Dubai
Every business regardless of its size and revenue requires services from audit firms in Dubai – in order to meet the legal and compliance requirements set by the UAE government.
To assess its financial worth and standings, a business will require the services of an independent external auditor in the UAE. An auditor is responsible for determining the financial wealth of a company by having an unbiased and fair analysis of the company’s finances.
Following are a few of the main reasons for having the assistance of external audit firms in Dubai:
Statutory report by audit firms in Dubai:
The statutory audit report enhances the credibility as well as reliability of the firm.
Client evaluation by audit companies in Dubai:
The proactive evaluation of your prospective clients before doing business with them is important to avoid any unwanted circumstances. Audit firms in Dubai help you achieve it.
Aabi Chartered Accountants – Among Reliable Audit Firms in Dubai
Our qualified and experienced team of professionals has established Aabi Chartered Accountants as a trusted name in Dubai. Our client-oriented approach caters to the needs of every business individually and ensures timely and accurate reporting. Our approach is to minimize the risks while maximizing the efficiency and profitability of the businesses.
Our Auditors in Dubai are well-equipped with modern frameworks for accounting and auditing and provide comprehensive insights and customized solutions.
So, if you are looking for internal audit or external audit firms in Dubai, Aabi Chartered Accountants is your way to go. Our transparent pricing, professional services, and customized solutions set us as one of the leading audit firms in Dubai.
Aabi Chartered Accountants is an approved auditor of JAFZA, RAKEZ, DMCC, and other freezones. We verify the legitimacy and accuracy of a company’s financial statements, as per the requirements of the relevant free zone authorities.
Our Auditors in Dubai follow the accounting standards set by the International Accounting Standards (IAS) and International Finance Reporting Standards (IFRS).
For each client, we analyze the business structure and the financials of the company, identify the shortcomings and deficiencies in business operations, and suggest the necessary amendments. We determine the regulatory requirements and provide customized solutions as per the demands of each business.
Types of Audit Services by Provided by Audit Firms in Dubai
Audit Services offered by Aabi Chartered Accounts include the following:
1. External Audit
‘External Audit’ or ‘Financial Audit’ refers to the examination of the financial statement of a business. The auditor performing the external audit determines the accuracy and compliance of the financial statements while having a fair opinion on the precision of statements.
External audit also projects the performance of a business for the relevant shareholders, such as partners, shareholders, and the relevant authorities.
2. Internal Audit
Along with the external audit, businesses often need to have an internal audit as well. Internal audit is a way to ensure the smooth functioning of internal controls that were created by the company.
The governance body of a company formulates a set of internal controls and governing structures that should be followed for the effective operations of the business. So, the role of an internal auditor in Dubai, UAE is to determine if these internal controls are implemented correctly.
3. Compliance Audit
Compliance audit ensures that a company adheres to the laws and regulatory requirements of the UAE. However, the scope of a compliance audit is broader than this and includes taxation, VAT, ESR employee remuneration, anti-money laundering, and more.
4. Forensic Audit
A forensic audit is carried out upon a special inquiry from the internal operations management to investigate. The forensic audit helps manage the risks that arise from financial crimes, frauds, embezzlement, bribery misconduct, and non-compliance with laws.
Aabi Chartered Accountant’s forensic audit services in Dubai, UAE can help you mitigate compliance and legal risks. We will ensure that the reputation and integrity of your business is not compromised.
5. Financial Controls
Financial Controls audit services help businesses determine the effectiveness of internal controls designed by the company’s governing body. It’s a comprehensive evaluation of the effectiveness of Standard Operating Procedures (SOPs) that are in place. It covers accounting, financial statements, record-keeping, budgets, resource allocation, and financial risk management.
Our experts prefer a holistic approach to financial control audit services and cover every aspect of the financial performance of your business.
6. Operational Audit
An operational Audit ensures the efficient use of the company’s resources for maximum productivity and operational benefits. Operational efficiency refers to the profits, production capacity, external benchmarking, innovation, research and development, and internal controls.
7. Information Technology and Systems Audit
With the advent of Globalization and fast communications, the importance of Information Technology and Information Systems has increased. Technology has become an integral part of every business, and hence there is a growing need for Information Technology and Information Systems Audit.
The purpose of this audit is to ensure that there are no risks related to the security and integrity of your system. Our skilled auditors in Dubai are using the latest tools to review the Information Technology (IT) and Internal Systems of your business.
8. Business Valuation Audit
A business valuation audit helps if you are considering the formation of a new company, want to sell your existing company, or want to buy one. Business valuation audit is one of the most important audit services in Dubai. Knowing the correct business value is imperative for making financially wise business decisions.
9. Special Audit and Reviews – VAT and ESR
These are the audits that are conducted on the special request of the company’s management. They can relate to special finances compliance, misconduct, corruption, or breach of internal controls.
Special auditors in Dubai, UAE also ensure compliance with regulatory changes. The professional auditors in Aabi Chartered Accountants can provide special auditing services in UAE for compliance with VAT and ESR.
10. Risk and Assurance Advisory
Businesses could face a range of financial and compliance risks, especially with the expanded operations. Risk and Assurance services ensure that a business has an effective risk management system in place.
Our auditors in UAE recommend integrating an effective risk management policy in every department of the company.
Aabi Chartered Accountants – Among the leading auditing firms in Freezone Dubai
Aabi Chartered Accountants is an approved Auditor of free zones in UAE. We are approved in DMCC, RAKEZ, JAFZA, Dubai South, DWC, DSO, DIFC, UAQ FTZ, SAIF Zone, and Hamriyah Free Zone.
The businesses in the UAE are thriving, and the economy of the Emirates is growing healthily. Aabi Chartered Accountants is one of the reliable audit firms in Dubai. We cater to the needs of businesses that operate in various industries.
Our qualified and experienced team has expertise in audit services in UAE that are specifically tailored for free zones. Due to the dynamic and competitive environments of the free zones, they require the highest level of adherence to their rigid regulatory guidelines.
Our team of qualified auditors in UAE understands the complexities around free zones compliance requirements. Each free zone works with its distinctive set of features and SOPs. By making the business fully compliant with the UAE laws and regulatory advisory, we enable businesses to operate in the UAE with their full potential.
So, experience the true ease of doing business in the UAE with the expert services of Aabi Chartered Accountants – a leading audit firm in Dubai, UAE.
Benefits of Audit Firms in Dubai
The main objective of audit firms in Dubai is to provide a clear financial position for your business. It ensures the smooth running of all operations and saves you from unwanted risks and complications. UAE has strict rules of compliance for small, medium, and large size businesses, and most of the companies are unable to conduct a fair assessment of their financials because of the complexities involved. This may lead to legal issues and adverse consequences. Therefore, the companies need to hire external audit firms in Dubai, and they offer the following benefits:
- Detailed Assessment by Audit Firms in Dubai: By having an audit from an external auditor in Dubai, you will have a detailed assessment of the operations of your business and the resulting financial outcomes. Our auditors meticulously verify the accuracy of your financial records, which offers a comprehensive insight into each facet of your business.
- Confidence of Investors by Audit Firms in Dubai: Investors are more attracted to a company that has financial transparency, and all their financial records are verified by an approved auditor in Dubai. External audit develops confidence in investors and reduces the chances of unforeseen risk factors for them.
- Compliance Requirements: Most entities in the mainland and free zones must have their financial statements audited by an approved external auditor in UAE. A few authorities in the UAE may also revoke your license if the audit requirements are not met.
- Strengthen Company Position by Audit Firms in Dubai: Audit exhibits the financial credibility of your business, which helps your company secure finances and conduct business with more confidence with measurable and verified metrics.
- Avoiding legal issues: Through audit, you will be avoiding the issues of any fraudulent activities and misrepresentation of your business.
Why Aabi Chartered Accountants is a Great Choice among all Audit firms in Dubai?
With a wealth of experience and deep insights into the constantly evolving regulatory requirements in the UAE, we have the best of what you expect in audit firms in Dubai. Our experts analyze each business individually and expand on the prospects and challenges that the business might face – in terms of finances, regulatory compliances, resourcing, and more.
An audit firm contributes massively towards the success of a business. Being one of the best audit firms in Dubai, we follow the international standards of accounting and perform audits based on proven and widely recognized methodologies. We use a cloud-based information system that helps keep the financial documents of each of our clients safe and secure. At Aabi Chartered Accountants, we use premium tools and frameworks to verify and ensure the accuracy of financial records.
At Aabi Chartered Accountants, we hire top talent and train them with our systems. We constantly strive to upgrade ourselves as per the business environment, regulations, and requirements of our clients. Recognizing the specific demands of a business, we offer them a detailed consultancy session and provide customized solutions that cover all their business requirements.
