Audit Financial
Overview
Audit Service-UAE
Every company is liable by the law to audit the financial reports of a company. The purpose of the audit is to provide assurance that the management has presented financial statements that are free from material error. Hiring a certified internal auditor to prove your assurance that your business is financially sound and creditworthy.
Auditing of financial statements establishes credibility with a company financial information which helps shareholders and business owners make informed business decisions. If you’re looking for experts who can perform your audit, seek the help of our seasoned auditors in Dubai, Abu Dhabi, Sharjah, UAE. Audit firms in Dubai with experts that have been working with multiple clients for all their audit needs.
The company management has the responsibility for preparing the company’s financial statement and related disclosures.
Types of Statements Audited
Income Statements
The company’s income statement provides details on the revenues, what the company earns and the expenses involved in its operating activities.
Balance Sheet
The balance sheet is broken three categories and provides a summation of the company’s assets, liabilities and shareholder’s equity on a specific date.
Cash Flow Statement
It provides overall liquidity by showing cash transaction activities.The auditor may verify the entries made in the cash flow statement against the bank statement.
Audit Opinion Letter
The auditor issues an audit opinion letter after completing the audit process and this included in the audited financial statements.
Audited Financial Statements
We undertake audits with additional focus to interpret financial data to identify risk or issues to aid you long term planning and financial health.
Speak to one of our advisors to determine your auditing requirements and provide UAE certified financial statements.
FAQ
What are the types of the audit?
There several types of audit that can be conducted some of them are as follows:
- Tax audit
- Financial audit
- Investigative audit
- Operational audit
Why audited financial statements are important?
The financial statements should be audited because they provide an outside look at accounting operations and overall fiscal health of a publicly held company.
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