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Internal Audit
Internal Audit
An independent review conducted within the organization to ensure compliance, improve processes, and safeguard assets.
External Audit
External Audit
An impartial examination by an independent auditor to validate the accuracy and fairness of financial statements.
Audit Services in the UAE
Audit Services in the UAE
We provide robust Internal Audit and External Audit services that ensure compliance, financial transparency, and operational efficiency. Our audits are designed to safeguard your business, build investor confidence, and meet statutory requirements as per UAE regulations.
Internal Audit Services
Internal Audit Services
(First Line of Assurance – Ongoing Process)
(First Line of Assurance – Ongoing Process)
1. Understanding Business & Risk Areas
Reviewing company structure, policies, and operational processes.
Identifying risk-prone areas such as procurement, sales, finance, payroll, and inventory.
2. Internal Controls Evaluation
Assessing internal controls for effectiveness and reliability.
Detecting gaps that may lead to fraud, error, or financial misstatements.
3. Compliance Check
Ensuring adherence to company policies, UAE labor laws, VAT, and corporate tax regulations.
Monitoring compliance with industry-specific standards and contractual obligations.
4. Transaction & Process Testing
Sampling financial transactions to check accuracy, approvals, and documentation.
Reviewing processes like accounts payable, receivables, inventory management, and cash handling.
5. Reporting & Recommendations
Preparing detailed internal audit reports highlighting risks and weaknesses.
Suggesting practical solutions for improved internal controls and efficiency.
6. Continuous Monitoring & Support
Conducting periodic follow-ups to ensure corrective actions are implemented.
Supporting management in strengthening governance and minimizing business risks.
External Audit Services
External Audit Services
(Second Line of Assurance – Annual Statutory Requirement)
(Second Line of Assurance – Annual Statutory Requirement)
1. Preparation for External Audit
Organizing financial records, reconciliations, and supporting schedules.
Ensuring compliance with International Financial Reporting Standards (IFRS) and UAE corporate tax law.
2. Coordination with External Auditors
Acting as a liaison between the company and appointed audit firms.
Providing auditors with required documents, vouchers, and explanations.
3. Financial Statement Review
Assisting in the preparation of statutory financial statements.
Ensuring disclosures, notes, and classifications meet audit standards.
4. Statutory Compliance Verification
Supporting auditors in verifying VAT, corporate tax, ESR, UBO, and other UAE compliance requirements.
Ensuring no penalties or compliance risks arise during audit scrutiny.
5. Audit Queries & Clarifications
Handling audit queries efficiently by providing clarifications and reconciliations.
Bridging gaps between auditor observations and management responses.
6. Finalization of Audit Report
Coordinating until issuance of audited financial statements.
Ensuring clean audit opinion and resolving any qualifications or remarks.
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