Which companies should get audited?

All companies, irrespective of their business nature and sales turnover, should appoint a Statutory Auditor for help. Some of those are Private Limited Companies, Limited Companies, One Person Companies, Section 8 Companies, Producer Companies, and more.

What are the principles of auditing?

There are some major principles followed by reliable Auditing Companies in Dubai. Some of those are Professional Care, Confidentiality, Independence, Integrity, and more.

What duties will our auditors perform?

Our auditors will collect, check and analyze the spreadsheet data. They will further examine the company’s accounts and the financial control systems. Our well-trained auditors will check that the financial reports remain reliable and accurate.

What are the limits for company audits?

As per some of the chosen guidelines, a chartered accountant can take a maximum of 30 audits within the private company.

What are the major types of audits?

There are mainly 3 different types of audits available and those are external audits, internal audits, and internal revenue service or IRS audits. Here, the external audits are mainly performed by our firm.

Auditing Companies In Dubai - Auditing and accounting firm in Dubai

Spectrum Has Gained Name To Be One Of The Leading Auditing Companies In Dubai

Our team at Spectrum is more than happy to offer the best auditing services that a company needs to run its business in the UAE. Being one of the leading Auditing Companies in Dubai, we make it a point to hire well-trained and experienced auditors all the time. It takes some time to get along with the professionals and choose the name that seems to be your best choice. But, with us, there is no looking back!

Our auditing service procedures to follow:

Our chosen auditing services will involve a promising combination of effective traditional and the latest information technology tools. These will give our firm the name as one of the leading Auditing Companies in Dubai.

These tools offer us an edge in presenting effective, accurate, and efficient audit reports to imprint final details.
Our team of experienced auditors will gauge the auditing principles and accounting lists.
We understand all the local regulations, followed by the sectional understanding under Federal regulations. That helps us to play a major role in presenting some suitable solutions.
We will make it a point that your data remain secure with us. Not only that, but we will help your finances to grow big time.
Other than professional accounting and auditing services, we are known to offer some valuable services in chosen fields like VAT, Accounting, and more.

The process we follow:

We have segmented our audit process under multiple heads to make it easier for the customers to reach by. Those are:

Planning and reviewing
Testing
Detailing
Analyzing
Assessing
Reporting

The audit portfolio to follow:

We welcome you to come and join us and explore the wide range of audit services we have to offer. All these services are divided into multiple portfolios to help you get a basic idea of various audit services. Now you know the importance of such practices to run a business of any category. The portfolios are listed below for your reference.

External and internal audit
Statutory Audit
Forensic audit
Compliance audit
Information systems audit
Tax Audit and Financial audit
Risk Management
Financial Statement Review Audit
Operational Audit

Choose one of the leading Auditing Companies in Dubai:

Waste no time further and join us at Spectrum as one of the leading names to follow while looking for top-notch Auditing Companies in Dubai. We are going to be a partner in your success. So, reach out to us right away to book an appointment.

Being associated with the auditing services for such a long time, you can expect the best from our resources. To learn more about our practices and what makes our auditing service better, call us at +971-4-269-9329 or send us an email at [email protected]. We will head back to your queries ASAP!

FAQ's

A: Audit companies in Dubai perform independent examination/ assessment of businesses' financial records to ensure that they are accurate, complete, and in compliance with Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and International Accounting Standards (IAS). Their role is crucial in promoting transparency and ensuring fiscal responsibility in the business sector.

A: Audit companies in Dubai are regulated by the UAE Ministry of Economy. To perform audits, they must be registered with this ministry. Some audit companies may also be regulated by the Dubai Financial Services Authority if they provide services related to the financial markets.

A: Yes, many of the top international audit firms, including the "Big Four" - Deloitte, EY, KPMG, and PwC - have operations in Dubai. There are also many reputable local and regional audit firms based in the city.

A: Audit companies in Dubai conduct various types of audits such as financial audits, internal audits, compliance audits, information system audits, and operational audits. They select the type of audit depending on the client's needs and regulatory requirements.

A: Consider factors like the audit company's reputation, their experience in your industry, the range of services they provide, and their understanding of local and international regulations. Also, ensure that they are registered with the UAE Ministry of Economy or the appropriate regulatory body.

A: Yes, many audit companies in Dubai provide services to international clients. They can perform audits that comply with both local and international accounting standards, making them suitable for businesses operating across borders.

A: The cost to hire an audit company in Dubai can vary depending on the size and complexity of your business, the scope of the audit, and the reputation of the company. It's always recommended to obtain quotes from several companies to compare prices and services.

A: Hiring a registered audit company ensures that the company is authorized to perform audits and adheres to the standards and regulations set by the governing bodies. This ensures the credibility and accuracy of the audit.

A: Auditors should have recognized accounting qualifications, such as ACCA, CA, or CPA. They should also have comprehensive knowledge of the UAE's commercial laws and the international financial reporting standards (IFRS).

A: During an audit, the audit company will review your financial statements and financial information, assess your internal controls, and may test selected transactions in accordance with the International Standards on Auditing (ISA) to verify, whether the entity has complied with the Generally accepted accounting principles (GAAP), International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) and other regulatory requirements. They'll identify any discrepancies or issues and provide a detailed report (Eg: Independent Auditor's report with an opinion to the shareholders (External Audit); an Internal Audit report with their findings and recommendations to the management and other reports according to the clients' requirements).

Auditing Companies In Dubai

Spectrum Has Gained Name To Be One Of The Leading Auditing Companies In Dubai

FAQ's

Spectrum Auditing

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