Audit Firms in Dubai
Businesses in UAE can get a lot of benefits from an audit report prepared from the best audit firms in Dubai with regulated auditors who are able of handling this matter for your business/company. It is also mandatory by government of UAE for a company or a business to hire a licensed and approved audit firm in UAE to audit their company. As per the Federal Law No. 2 of 2015, companies are also expected to keep their financial records for five years.
SAB Auditing of Accounts can help you. SAB is one of the leading best audit firms in Dubai, SAB years of experience in UAE market give us the extensive knowledge that clients need for a successful audit that ensures that the company is heading towards the right direction.
SAB is an approved audit firm in UAE and we provide quality audit services in Dubai that help them avoid and eliminate problems and the issues that are present in their company. SAB is an up-to-date firm that is well aware of the advanced audit terms and is always on the loop with any changes in the principles of auditing and accounting world to make sure that we are on par with international standards. SAB Auditing of Accounts provide different types of audit reports, Learn more.
What is Audit?
Audit is an assessment and examination of a company’s financial statements. Audit is an activity which ensures that the books of accounts are maintained properly and to be aware of what they present on their financial records are true and fair or not. Audit companies in Dubai will make sure that the audit report is in line with the International Auditing Standards (ISA).
There are two types of audit, Internal audit and external audit and it depends on a company how they want to examine and analyse themselves. An internal audit is what usually done by companies themselves in order to make sure that they are following the laws and principles or their own policies. An internal audit helps to evaluate the effectiveness of the company’s internal records. An external audit is what is mandated by the government of UAE. An external audit helps a company to minimize the risks and make a plan for the growth of a company.
What is the Importance of Audit?
Auditors in UAE can contribute in both internal and external audit in different but essential ways. Audit is extremely important for a company or a business regardless the size of the company. There are many advantageous things that a company can get from having their company be audited because of the errors or issues or even fraud can be disclosed when an audit is done in a company. After getting to know about the mistakes, then a company can make a plan for the solutions that can be applied in order to eliminate those issues and even avoid them from happening again.
Audited financial statements are necessary for investors, lending institutions, banks, etc. to be reviewed before they agree on investing in or lending to a company. They basically take a decision on the financial status of a company. They need to be sure that the company they are investing in is worth of their investment or the company they are giving loan to can actually pay back what they owe.
Auditing companies in Dubai are providing audit services in Dubai as it is mandatory for all the businesses to hire an audit firm in Dubai by the government of UAE.
What is an Audit Report?
Audit report is where the details about the audit, the things that have been noted by the auditor, and the solutions suggested are written. It is a report that is given to the upper hierarchy of a firm.
An audit report gives an insight about the business. It gives a financial review to the business owners in order to find out how to use the cash to operate a business and assume risks. SAB prepares an audit report which follows all the standards, learn more about Audit report. SAB is one of the approved audit firms in Dubai and providing high quality audit services in Dubai In order to meet the requirements of the company.