Financial Audit Authority Dubai

The accounting records that are presented to the company’s shareholders, owners, and investors are accurate, so they can feel secure.

Additionally, an audit makes sure that the financial auditing procedures are being followed in accordance with the company’s rules and established accounting practises. Using incorrect calculating techniques and accounting procedures to manipulate the financial statements is avoided in this way. Call us for financial audit as we are recognized by the financial audit authority Dubai.         

External audits

Audit team carry out external audits. They are independent auditors that look through the business’s financial records and financial statements. Verifying the accuracy of the company’s financial statements is one of the primary goals of an external audit. A third party audit will look to see if the financial statements contain any omissions or errors. The trust to base crucial decisions on the accounting records that the company releases is provided by external auditing.

The accountants of a corporation could get used to following a predetermined method or set of procedures. To check if the accounts adhere to appropriate accounting standards, an outside auditor looks through them. Additionally, the business might have internal procedures in place. The effectiveness of these controls will be evaluated by an external auditor.

Internal Audits

Employees of the company carry out internal financial audits. They provide their reports to management directly, and those files are used internally. The effectiveness of the company’s controls and the efficiency of its procedures are evaluated by an internal audit. We are recognized by the Dubai financial audit authority.

Internal auditors are less inclined to critique processes harshly because they are involved in them. The auditors’ evaluation of their personal operations and procedures makes them less likely to be unbiased.

Management receives feedback from internal audits on the basis of which they make choices. Internal audits also check the completeness, compliance, and accuracy of the records.