Audit Firms in Dubai, United Arab Emirates

We offer a full range of audit & assurance services and help companies to achieve business goals by understanding the organizational structure & internal process of the company. Auditing companies in Dubai & UAE ensure that the financial accounts are maintained as per the UAE law. Every company is required to hire an approved chartered accountant firm in UAE that is licensed & registered with Ministry of Economy for auditing the companies' accounts according to UAE Commercial Companies Law/Federal Law No.2 of 2015.

Auditing Companies in Dubai & UAE

Audit & Assurance is the process of making an analysis of company accounts and verifying data in the financial statements with supporting documents. The audit process also identifies the risk involved in the business operation with regards to the industry and business market. The auditors and audit firms in Dubai, UAE examine the financial process and strategy to enhance the performance and quality of the auditing process of companies in Dubai & UAE

Being the leading auditing firm in Dubai, Jitendra Chartered Accountants also offer audit services to other Emirates in UAE including Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain & Fujairah.

Types of Audit Services in Dubai, UAE

External Auditing Services

The external audit is an independent assessment of a company's financial statements. Audits offer reassurance to stakeholders that the company's financial statements are free from material errors. External auditors are considered as unbiased professionals to analyze the company financial position & procedures. Getting the accounts audited from external auditors increases the credibility & reduces the risk of improper accounting entries.

External Auditors are registered & independent third party that perform an audit of the financial records of the company. The external Audit report is a financial document that helps at the time of dealing with government authorities & local banks.

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Internal auditing services

Internal auditing services are recommended to identify any weaknesses in internal controls, operational efficiency or regulatory compliance. Internal auditing in UAE is performed by Certified Internal Auditors, they have in-depth knowledge of internal controls, process & system. It ensures that the company is on the right track by improving risk management & follow international & local guidelines.

Internal Auditors in Dubai works within an organization to keep an eye on the day to day business operations. A S A D Accountants offer internal auditors services in Dubai & across UAE to identify risks and advise the improvement procedure to help you achieve the business goals.

Statutory auditing services

A statutory audit is legally required audit that needs to be done to evaluate the company financial position and financial records. Generally, a statutory audit is conducted for the public. Statutory audit firms give review & monitor company accounts & accounting process to present a neutral and fair picture of the financial health of a specific company.

It is mandatory for the government organizations to get the accounts audited by regulated statutory auditors in UAE. The shareholders of a company can choose any registered statutory auditors or audit firms in UAE in general meeting.

With the help of our experienced statutory auditors, you can have a fair and complete analysis of your company accounts and fulfil the statutory requirements of auditing. Statutory audit reports help in enhancing the credibility and reliability and help the clients in making a decision to start doing business with a specific company.

Due Diligence auditing services

A due diligence audit in a process of assessment of an organization to evaluate its financial health and performance. It helps to understand the company competencies, the target market, potential customers and profit-making capabilities. In general, companies want the due diligence audit firms to prepare an audit report at the time of merger & acquisitions of business. It helps is decision making, keeping all risks and opportunities on front. Due diligence audit can be a legal obligation, but it commonly applies to voluntary investigations.

Types of Due Diligence Audit:

Following are the most common type of due diligence audit in UAE:

Financial Due Diligence

Audit firms in Dubai UAE review the transaction data, historical trade results, cash flow & balance sheet of a company to validate the financial statements. The purpose of hiring financial due diligence auditors is to know the financial risk & forecast of the company. It also includes funding requirements of a business in future.

Commercial Due Diligence

Commercial due diligence will determine the various commercial factors including competitors analysis, target market research, product reviews, service feedbacks & any other data the acquirer want to know.

Operational Due Diligence

The operational due diligence involves examining the non-financial factors of a company. To have the better understanding of business operations, organizational structure, internal process& system, performance evaluations of the management team and HR process of a specific company, auditors in UAE conduct this type of due diligence audit.

Legal Due Diligence

Legal due diligence helps to evaluate any legal risk involved with the company. It identifies any legal disputes whether with local bodies, competitors or with its own employees. We offer all kind of due diligence audit services to help you in making a decision to merge or acquire a company in the UAE without getting into any kind of post-transaction trouble.

Fraud investigation auditing services

Forensic audit or fraud investigation is not a new concept, the demand for fraud prevention & examination services is getting high because of the modern world crime. A forensic audit is a process of tracking & investigating the matters related to fraud, financial crimes & commercial disputes. It also determines the root & causes of financial errors, alleged employee fraud, reduction in company revenue, increase in cost & other operational matters.

Companies need certified fraud examiners to investigate the fraud by conducting a forensic audit in the UAE. If you notice suspicious activity in your company, you must act quickly to prevent the fraud and loss of company revenue and reputation.

We offer fraud investigation & forensic auditing services to assist companies in investigating financial fraud with documental evidence.

Our Forensic Auditing Services include:

• Corporate fraud investigation

• Asset misappropriation

• Financial reporting fraud

• Suspicious transactions

• Bribery & corruption

• Claims analysis

• Anti-money laundering

• Determination of compliance

  
  

Tax/VAT auditing services

As per the Tax Procedures Law (Federal Decree-Law no. 7), a tax audit is a process carried out by the Federal Tax Authority (FTA) to examine the commercial records or any information or data of the taxable persons conducting a business in the UAE. The FTA carries out the tax audit on a taxable person to ensure that the taxable person is complying with the provisions of the UAE VAT Law as well as the Tax Procedures Law. By conducting a tax audit the FTA ensures that the taxable person has paid all the liability and every tax due is collected and provided to the government within the given time-frame.

Tax agents in the UAE who are registered with the Federal Tax Authority assist the companies with pre-audit and post-audit support to ensure VAT compliance. The companies should not approach the tax agents who are not registered with the FTA.