Audit Services

This audit type occurs within an organization. The business owner initiates the audit and another person conducts it. The businesses with shareholders or the board members use this audit to update themselves on the finances of the business. The internal audit is ideal to check on the financial goals.

• • Suggesting improvements
• • Managing the effectiveness
• • Ensuring the business compliance with laws and regulations
• • Reviewing and verifying financial information
• • Determining the risk management policies and approaches
• • Verifying operation processes

This audit is conducted by the third party, such as the accountant, or the tax agency. An external auditor is not connected to your business or any employee in your organization, however, he/she must follow the generally accepted auditing standards (GAAS).

As in the internal audits, the primary goal of the external audit is to evaluate the accuracy of the accounting records. Investors usually require external audits so they could be confident about the accuracy of the data and information of their business.
Once your business is audited, the external auditors resent the audit report. These reports comprise the details of the entire process and the issues found.

This is one of the most common types of audit, and these audits are mostly external audits. When the financial audits occur, the auditor analyses the integrity and accuracy of the financial statements of the business. Auditors in this process review the transactions, procedures, and balances. Following the audit, the third party submits the audit opinion about the business to the investors, creditors and lenders.

Businesses must prepare themselves for the tax audit by the Tax Authorities. Tax audit will verify the liability of taxes through examining the accounting and bookkeeping records and VAT return filings which are maintained by the taxpayer. Tax audit analyses the goals, planning approaches, procedures and the operational results of the company interms of tax compliance such as VAT, Excise tax and Corporate tax.

The DMCC audit verifies the business policies and procedures to check if they follow the internal and external standards. All DMCC companies are required to submit their audited annual financial accounts to the DMCC authorities by a DMCC approved auditor. Our expert team of auditors will analyze your DMCC Free Zone Company’s accounts and verify financial statements with the aid of supporting documents.

The IT Audits brings a major impact on the software or IT companies. You could use these audits to find issues related to software development, data processing and computer systems. This audit ensures providing the accuracy of information to the users and protecting the access of data from unauthorised parties. We offer IT audit on financial statements, that comply with IT policies and methods.