Audit is no more just a number game; it goes beyond reports and approvals, and gives the complete picture of a company. Auditors play a major role in the economy, they are the ones with unique privileges and responsibilities. In the recent years, an audit report not only serves as a government-demanded report but also acts as the definitive paper to look before investing in any company.
Audit and assurance services ensure that your organization is compliant with the set of laws, regulations and accounting standards of the land. Dubai, one of the fastest growing economies in the world, welcomes multinationals from all over the globe to establish themselves in this business hub. With time, more and more companies have laid the demand for an audit report. The UAE government has made it mandatory for all the organizations to prepare the same.
Need for Audit Firms in Dubai, UAE
An effective audit system allows a company to pursue and meet predetermined business objectives. The organization needs to have a supervision and monitoring control system to prevent and detect irregularities in the process. Internal auditors review the internal control and propose any necessary changes, if required.
Auditors in Dubai assess and evaluate any improper data in a company’s financial reports. Identifying the risk factors enables a company to allocate its resources in an optimal manner. The audit report also enhances the credibility and reliability of the company.
Boosting Credit Rating and Valuation
A favourable audit report enhances the goodwill of a company. Regular auditing of financial statements attracts investors, lenders, and creditors. It can also help in stabilizing the credit rating of a business. It gives a clear view of the financial position to the stakeholders of the particular company.
The audit report of a company provides the overall details of the organization. It helps the company figure out its strengths and weakness. The organization would have a comprehensive and up-to-date information of its internal activities.
JAXA audit and assurance services provide the following services in Dubai, UAE:
- Internal Audit
- External Audit
- Statutory Audit Services
- Due Diligence Audit Services
- Fraud Investigation Audit
- We are compliant with International Financial Reporting Standards (IFRS)
- We have an experienced team of certified auditors
- We are registered with all reputed free zones in Dubai
- Over a decade of quality service has made us one of the most preferred auditing and accounting firms in Dubai