AUDIT SERVICES
An audit is the examination of the financial report prepared by a company by someone independent of that company. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes.
The purpose of the audit is to express an opinion whether the information presented in the financial report, taken as a whole, reflects in material aspects the financial position of the company at a given date and the performance of the company for the period ended at that date.
When examining the financial report, auditors must follow auditing standards which are set by a government body. Once auditors have completed their work, they prepare an audit report, explaining what they have done and giving an opinion drawn from their work. Generally, all listed companies and limited liability companies are subject to an audit each year. Other companies may require or request an audit depending on their structure and ownership as well as some counterparties they work with or supervised by.
Examples when the audit opinion should be prepared:
- Required or requested by any regulatory authority.
- One of the partners needs an audited report to review the company accounts.
- Requested by banks to issue a new / review / upgrade some of the banking products / facilities etc.
- To renew the business license in any free zones of UAE.
We are in touch with the auditors accredited in the UAE. We provide audit reports for any type of business that they require for license renewal, Bank purpose or any other.
We can organise an audit for the companies based in mainland and in the common free zones of the UAE. Same can be done for banks in the UAE.
