As external auditors, we examine the financial records and issue our opinion regarding the financial statements of the company. Having high quality auditors like us, working for you can help stave off potential financial catastrophe. Our experienced team of Chartered Accountants will help you to meet with statutory requirements and compliance to report irregularities and rectify flaws in internal control systems.
Statutory Audit
Our auditors perform statutory audit for private and listed companies. The outcome of statutory audit includes: fair opinion assurance, complete assessment of accounts, compliance with statutory and regulatory requirements, as well as adherence to accounting standards like IFRS & IGAPP. Most entities registered in the United Arab Emirates are required by law to have their annual financial statements audited. It can be for some other purposes like keeping banks happy when you need finance, keeping credit insurers and suppliers happy, but most of all, giving you the comfort of knowing that you have strong controls and accurate results.
We provide statutory audits mainly for
• Audit of LLC as per UAE Law
• Audit of branches of foreign companies for Ministries of Economy
• Special audit demanded by arbitrators
• Audit of Free zone companies
Internal Audit
Assessing and managing risk is an everyday task that needs to be met head-on. Companies should develop and implement a plan that follows a top-down, risk-based approach to identify and manage potential risks. Our internal audit teams are designed to be right-sized to meet the needs of your organization, whether you need assistance for your existing internal audit function, or a turn-key solution. Our auditors perform internal audits for reviewing and verifying an organization’s reports on financial matters. Internal audits lend credibility to client’s financial. Our audit reports also help management to be assured about the financial reporting process. As part of an internal audit, we are able to:
• Identify and manage risks
• Add value and efficiency to operations.
• Develop successful strategies
• Make smarter business decisions
• Safeguard assets
Due Diligence
It is always advisable and prudent to conduct due diligence of a company if you plan to buy or sell it fully or partly, change the ownership structure or in the event of mergers and acquisitions.We have significant experience in conducting legal, commercial and of course, financial due diligence on both the buy and sell side of transactions across all industries.
Our Due Diligence services include:
• Assess the quality of earnings
• Analyze cash flows
• Review on and off balance sheet assets and liabilities
• Identify key business drivers, trends in profitability and significant concentrations of risk
• Evaluate management’s forecast
• Conduct comprehensive discussions with management and their advisors