External Audit Services in UAE
External audit services in UAE examine all of a company’s financial books and provides an opinion on the Financial Statements of an Organisation. The concerns raised by the auditor in the opinion section of the external audit report should be answered by the company management to the shareholders during the meeting.
Trusted Partner for Corporate Success
JAXA Chartered Accountants is an UAE-based accounting firm specializing in high-quality bookkeeping, accounting, auditing, and tax preparation services.
What is External Audit Services in the UAE?
This type of audit is usually conducted by court order and performed by a third party without connection to the audited organization. Thus, the external audit service can be considered fairer and just and with no bias. The company management appoints an external auditor. For these reasons, hiring external audit services in Dubai, UAE is very important.
Roles of an External Auditor
- An external auditor assesses the organization of a company for compliance with regulations. Regulators trust company disclosures attested by external auditors to be true.
- An external auditor gives shareholders confidence knowing that the company operates within their best interests.
- An external auditor can act to resolve present time issues and also the forthcoming ones, if any, and confirm the company’s financial claims to be correct and accurate.
- An external auditor evaluates the financial position of a company and issues a report, opinion, and recommendation about findings.
Documents Required for External Audit
The following documents should be made ready, even before the External audit in UAE is initiated to ensure quick and easy completion of the External Audit process.
- List of bank accounts used by the company
- Payroll report
- List of all the company transactions made
- The general ledger
- Trial balance of the company
- Copies of all legal documents, such as Licenses, Memorandum and Article of Association, Certificate of Incorporation, Share Certificates, Tax Registration Certificate, and many others.
- Confirmations from customers, banks, suppliers
- Schedules of Asset Registers, Prepayments, Accruals, etc.
- Loan Documents.
Why do you require External Audit Services in Dubai, UAE
When you have a highly qualified external auditor working for your company, it can help avoid problems. Daily accounting practices easily hide abuse, fraud, and non-compliance with rules and regulations. Here are some reasons you should hire and partner with an external auditor in Dubai.
- Credibility
Your Financial Statements are sure to have more weight and can be trusted as accurate when vetted by an external auditor in Dubai. - Compliance with government regulations
An external auditor can identify areas where your accounting best practices do not meet the specified standard government regulations. - Process Improvement
There will always be areas where you could improve your internal control, and external auditors can help you find these areas. - Fraud prevention External auditors will examine your bookkeeping records, and their findings and opinions will not be based on personal relationships.
Why Jaxa choose External Service in Dubai, UAE?
Businesses in Dubai cannot avoid hiring external auditors to examine their financial books. Jaxa Auditors offers you top external audit services to ensure your business operation runs smoothly and profitably. We have a long-standing history in auditing services; we have become the most sought-after auditing firm by companies from all sectors and industries.
So, if you are looking for the best external auditor’s services in Dubai, you need not look too far. Call us at 971 4 2207355 or email us at jaxa@jaxaauditors.com and let’s talk and we’ll help you. So keep your questions ready, and we will answer them all for you. Our customer service professionals are waiting for your phone call with eagerness and complete sincerity.
Avail best quality Auditing and Accounting services from JAXA
The expert will help to tackle business issues by following proper Accounting and Auditing guidelines will also assist you to scale up your business. JAXA also provides various other services such as Tax Services, Payroll Services, Cash flow forecasting and many more.
Advantages of External Audit Services in UAE
JAXA Chartered Accountants delivers trusted external audit solutions through a team of experienced and certified auditors in Dubai, UAE
Provides Credibility
Ensures Compliance
Impartiality
Different Perspective
Curbs Wastage
Increase Investor Confidence
Experience the JAXA difference – 18 years of excellence in tax and audit services with unmatched compliance and client- first solutions.
Our working procedure is rooted in driving results and a dedication to deliver a streamlined, client focused approach.
Appointment of the Auditor
Confirmation by the Auditor
Audit Engagement
Audit Planning and Execution
Collection of Evidence
The Audit Report
We understand that one size doesn’t fit all—many ask for personalized options.
Financial Audit can be described as the process of examination of all the financial records of a company. This examination will bring into view essential conclusions such as which part of the business is to be focused on, whether there is any wastage of resources, etc. It will help decide the future course of action for the business.
- Ensuring compliance with regulatory requirements.
- Improving the accuracy and completeness of financial information.
- Identifying areas for improvement in business operations.
- Enhancing the credibility of financial statements.
- Assuring stakeholders.
External audit services also help companies to maintain their reputation and gain a competitive advantage in the marketplace.