External Audit Services
Independent External Auditing to Ensure Financial Integrity
Our External Audit Services Include
Audit of Financial Statements
We conduct a detailed audit of your financial statements, including the balance sheet, income statement, and cash flow statement, ensuring that they accurately reflect your business’s financial performance and are free from material misstatements.
Compliance Audits
Our compliance audits focus on ensuring that your financial operations comply with UAE regulations, tax laws, and industry-specific guidelines. We identify areas where your business may face compliance risks and provide actionable recommendations for improvement.
Statutory External Audits
We perform statutory external audits to ensure that your financial statements meet the regulatory requirements set by government authorities and regulatory bodies in the UAE. This service helps your business stay compliant with local laws and avoid penalties.
Risk Assessment and Control Evaluation
Our external audits include a thorough assessment of the financial risks your business may face. We evaluate your internal controls and identify areas where improvements can be made to reduce risks, improve financial reporting, and safeguard assets.
Audit Reports
We deliver comprehensive audit reports that detail our findings, including any discrepancies, risks, or issues identified during the audit. These reports are provided to stakeholders, including management, investors, and regulatory bodies, offering a clear and accurate picture of your financial health.
Why Choose Us?
Independence
As independent auditors, we provide an objective and unbiased assessment of your financial records.
Compliance
We ensure that your financial statements comply with IFRS and UAE regulations, helping you avoid penalties and non-compliance risks.
Financial Transparency
Our external audits enhance the credibility of your financial statements, providing stakeholders with confidence in your business.
Risk Mitigation
We identify financial risks and recommend ways to strengthen your internal controls and safeguard your business.
Have A Questions?
Contact our team of financial experts for personalized assistance and support.
Frequently Asked Questions
What is an external audit?
An external audit is an independent review of a company’s financial statements, conducted by auditors who are not affiliated with the business. The goal is to verify the accuracy of the financial statements and ensure they comply with accounting standards and regulations.
How does an external audit benefit my business?
An external audit provides credibility to your financial statements, assuring stakeholders, investors, and regulatory authorities that your financial records are accurate and compliant. It also helps identify risks and areas for improvement in financial management.
What is the difference between internal and external audits?
An external audit is conducted by independent auditors who assess the accuracy of financial statements, while an internal audit is performed by an internal team or consultants to evaluate internal controls, processes, and risk management practices within the business.
How long does an external audit take?
The duration of an external audit depends on the size and complexity of your business. Typically, an external audit takes between 2 to 6 weeks, depending on the scope of the audit.
Are external audits mandatory in the UAE?
Yes, for certain businesses, external audits are mandatory in the UAE, especially for companies registered in free zones, public companies, and other regulated entities. Our external audit services ensure that your business complies with statutory audit requirements.