If you have ever been in the accounting field, the word ‘auditing’ might not seem very strange. But what is auditing?
In simple words, Auditing is simply the double-checking and verifying books of accounts and recorded financial data prepared by the accountant in an organisation. It is done against the source documents from which they have been prepared and also examines whether the organisation works according to the industry standards or any other stated purpose.
In other words, it is an inspection of the company’s financial data to assure the relevant stakeholders that its financial statements and reported data are accurate and transparent. Auditing can be done in various ways, including physical stock count, getting information from other sources, examining and matching the reported profits, checking bank reconciliation statements, and much more.
Benefits of availing Auditing Service in Sharjah
Below are the benefits of hiring an auditing firm in Sharjah:
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Comprehensive Reporting
Auditors in Sharjah offer a good picture of the procedure that needs to be followed. They meticulously verify the accuracy of your financial records and deliver a simplified report that offers insights into every facet of your business operations.
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Confidence for Investors
Investors seek transparency and reliability when considering where to allocate their capital. An external auditor prepares a detailed, accurate report that enables potential investors to make informed decisions.
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Reduction of Waste
External auditors streamline processes, reducing the likelihood of time and resource wastage. An accurate audit report allows management to pinpoint areas that require improvement, optimising the allocation of employees and resources.
Best Auditing Firm in Sharjah
If you run an honest and reputable organisation in Sharjah, one of your top concerns would be to find the most suitable audit firm. Decision on the selection of the auditing firm in Sharjah should be made with utmost importance. Perhaps one of the best audit firms in Sharjah with a good reputation and services is JAXA Chartered Accountants.
The firm, JAXA, has been known to provide quality accounting and auditing services for years. Not only will they help new enterprises and startups in all aspects, such as growth and development, but they will also make sure that the organisation follows standard accounting regulations of UAE, which will relieve businesses of any legal issues.
