Audit & Assurance

Internal Audit is the control of control. We know how to manage the company’ risks and goals. Our team implement many policies to save your business.

We have the expertise to manage your accounting system. It is an independent audit policy of our system. We will make the financial report of your business.

You can consult with our auditor teams because we cover various disciplines, including legal, information technology, marketing, operational and financial matters.

We can make your auditing system online with our Review Audit Services. You can get the audit result and report online daily basis. Quality control audit!

A Detailed Guide on Audit Services in Dubai

As a business owner, it is obvious to evaluate the effectiveness of your company’s performance and the development towards achieving its goals. However, it can be difficult to arrive at an unbiased outcome without the expertise and resources required to thoroughly evaluate the performance. Auditing firms help to resolve these problems. Owners of businesses audit their companies and assess how well they are doing in terms of achieving their objectives. If you are running a business in Dubai then we have a comprehensive solution to these problems, we are offering audit services in Dubai for all types of business.

We are the best option for your Audit issues in Dubai because we are one of the top audit firms in Dubai and offer all types of audit services. We have a team of qualified experts who will collaborate with you to evaluate the potential of your business and pinpoint potential areas for improvement. We are committed to assisting your company in achieving its full potential, whether it is through resource flexibility, innovation, process control, compliance, or another factor. You can be confident that your business is operating at the height of its capabilities and making continuous progress toward accomplishing its goals by working with an audit firm like ours.

Internal Audit

Al Nasheet knows the importance of having a solid understanding of business operations and financials. We are committed to helping businesses like yours achieve optimal performance through our internal audit services. We provide a wide range of internal audit services. We use a risk-based approach, cutting-edge auditing procedures, and top-of-the-line financial tools to report your business’s operations and financial health comprehensively. Our internal audit services include the following:

  • Operational audits deliver a thorough analysis of the company’s current state.
  • Risk assessment and management, where we identify and evaluate current and potential risks to your company.
  • A financial operations audit evaluates your financial management.
  • Asset and liability management assesses and manages all assets and liabilities associated with your company.
  • We also evaluate your organization’s tax compliance, including reviewing tax returns and ensuring that the company is paying the correct amount of taxes.
  • Internal auditors review and assess your organization’s compliance with various laws and regulations, such as laws related to data privacy, anti-corruption, and environmental protection.

 

All these services are tailored and designed according to the need of your company. We understand that every business is unique, and we take the time to get to know your company and its operations. In order to provide a customized internal audit report for you, our team closely collaborates with you to understand company aims and objectives.

Why is Internal Audit Important in Dubai?

Internal audit services in Dubai are essential for any business looking to achieve optimal performance and growth. In today’s highly competitive business environment, internal audit services play a vital role in ensuring that a company operates efficiently and effectively. 

By performing regular internal audits, businesses can identify inefficiencies and potential risks and make strategies to eliminate them. Also, Dubai has strict laws and regulations that companies must comply with, including laws related to finance, taxes, trade, and labor. Internal audits can help a private company ensure compliance with these laws and regulations, which can help avoid costly fines and penalties.

External Audit

Firstly, we clarify to you what the External Audit purpose is. A third-party company entirely does a complete audit process to examine a company’s financial statements and activities independently. It is basically done to assure stakeholders and investors that the company is authentic and reliable. Through the execution of an external audit, stakeholders can develop trust in the financial data presented by the organization, enabling them to make well-informed decisions based on that data.

External Audit helps free zone companies in Dubai to comply with various laws and regulations. An external audit provides assurance that a company’s financial statements and records are accurate, reliable, and presented in accordance with International Financial Reporting Standards (IFRS) and International Accounting Standards, which are standard accounting rules in Dubai. This can help the company build credibility and trust with stakeholders, including investors, lenders, and customers. External Audits provide the best opportunities for cost reductions and provide recommendations for improvements in business operations.

At Al Nasheet, we are committed to providing high-quality accounting and audit services in Dubai, United Arab Emirates (UAE), according to our client’s unique needs. Our team of experienced external auditors has a deep understanding of the business environment in Dubai, and we use that knowledge to provide our clients with the assurance they need to make informed decisions. Our external audit services are unique in that we provide a thorough analysis of a company’s financial statements and operations using advanced techniques. We also employ the best financial approaches available to give our clients a thorough external audit report that identifies areas for improvement and provides real-world solutions for reaching their objectives.

Specific Aims of an External Audit

  • Analyze the company’s internal controls and recommend improvements.
  • Identify and report any potential fraud or illegal activity to management and relevant authorities.
  • Assessing the company’s compliance with laws, regulations, and industry standards.
  • By ensuring that financial statements are accurate and reliable, the company can enhance its reputation and credibility.
  • Improve the company’s financial and operational performance by providing insights.

Review Audit

A review audit is an assurance engagement less extensive than a financial statement audit but more extensive than an agreed-upon procedures engagement. In short terms, it states that the financial statements are free from material misstatement, expressed as negative assurance. The central audits, Internal and External, are performed by an auditing firm, and there is no involvement from the company. However, a review audit is done by an independent auditor who works in partnership with the company. In simple words, this audit is done by the company itself. No third party is included in it.

While doing a review audit, an auditor must have limited knowledge of the company’s internal control system and audit procedures. Review audit lies on analytical procedure and inquiries.

Our company, one of the top audit services in Dubai, provides review audit services in Dubai, United Arab Emirates (UAE), and Sharjah. Our professional Auditor will provide procedures such as inquiries, analytical reports, and other comparative services after understanding the company.

Services we provide in the Review Audit process,

  • Inquiry: For a better understanding of the company’s financial statements, business activities , and accounting standards applied in the company are inquired by the auditor. 
  • Analytical procedures: Analytical procedures will be used by the auditor to spot any unexpected transactions or movements that might point to a material misrepresentation in the company’s financial statements. 
  • Review of internal controls: The company’s internal controls will be examined by the auditor to ensure they are working correctly and there are no significant misstatements in the financial statements.
  • Other procedures: The auditor may perform other procedures like Testing selected transactions, Review of information systems, Compliance testing, and communicating with previous auditors, to check the accuracy of the company’s financial statements. 
  • Report: It is the last step of the review audit in which the auditor provides an assurance statement, which states that the auditor is not aware of any major modifications made to the financial statements. 

Why conduct a Review:

Reviews are typically conducted to quickly analyze the company’s finances to find any significant irregularities. Reviewers typically work to interpret a company’s financial accounts to evaluate whether the company is on the right track. A Review Audit of a company is basically a short term review. Suppose your company hasn’t much time to perform a full Internal or External Audit. In that case, a Review Audit is the best option for you. If you are a company in Dubai, then we are the best option for you to make a review Audit of your company because we are the best audit service company in Dubai.

Due Diligence Audit

A due diligence audit is a review of a firm’s financial and operational data to inform a third party about the financial situation, business operations, and any risks and liabilities of the organization. The main reason behind this audit is to check the investment opportunities for the company. In acquisitions, mergers, collaborations, and other large corporate deals, due diligence audit is used.  

The purpose of a Due Diligence Audit is to help the potential buyer, investor, or lender identify the investment’s value or the transaction’s success.

Now Al Nasheet is a company that genuinely cares about you; we see the value of making wise investment choices. Because of this, we provide thorough Due Diligence Audit services in Dubai to help businesses assess possible investments. Our Due Diligence Audit service thoroughly examines a company’s financial and operational information. Our audit experts designed the best model to provide insight into the company’s financial condition, operations, and potential risks and liabilities.

In the case of a potential merger or investment, a Due Diligence Audit is an essential step in the decision-making process. So to make these mergers and investments successful, contact us and be a partner of Al Nasheet LLC to start a safe journey toward success and become a market leader because we have a record of working with experienced professionals in mergers and acquisitions. We are a company with the best Auditors and Chartered Accountants, which is why we are one of the top Audit firms in Dubai.

Due Diligence audit services that we provide are.

  • Review of financial statements
  • Review of internal controls
  • Review of legal and regulatory compliance
  • Review of operational and management systems
  • Review of assets and liabilities
  • Reporting of the Due Diligence audit

Why Due Diligence is critical

  • The significant worth involved in buying a business both in time and cash
  • The standard of monetary data will vary considerably
  • The brevity of data provided in the negotiation part of the sale & purchase transaction
As one of the trusted Audit Firms In Dubai, UAE, we pride ourselves on delivering excellent services to our clients. Our team of audits and accountants are one of the best in the country, so you can rest assured that nothing but the best is delivered to you.

Why us:

As one of the top audit firms in Dubai, we pride ourselves on providing top-notch Audit & Assurance Services to companies in Dubai, United Arab Emirates, and Sharjah. For any organization, accurate financial reporting and strong internal controls are essential, and we are committed to assisting our clients in achieving these objectives. Here are a few reasons why companies choose us for their Audit & Assurance needs:

  • Experience and Expertise
  • Tailored Solutions
  • Timely and efficient
  • Cost-effective
  • Strong communication
  • Independent and unbiased

REQUEST CALL BACK

Free Quote