Our audits are designed to provide business advice to assist owners, shareholders and managers in making sound business decisions, thus meeting their objectives. In addition, we ensure that a company’s internal controls, processes, guidelines and policies are adequate, effective and in compliance with governmental requirements, industry standards and company policies.
All our audits begin with a full assessment and understanding of the client’s business and operations. This allows us to provide constructive suggestions for improving business strategies, management information and controls. Our examinations are based on statutory requirements and local auditing practices, and our procedures comply with the international standards on auditing.
In simple terms, audit and assurance is the assessment of a company’s accounts to establish credibility with the financial information for the benefit of the owners and shareholders of the company for them to make better decisions.
According to Federal Law No. 2 of 2015 or the UAE Commercial Companies Law, every company is required to assign a licensed auditor that is registered under the Ministry of Economy for the auditing of their financial affairs. Aside from this, there are further more reasons why financial audit is important for your business