• Conducting Statutory Audits

  A statutory audit is a government requirement where the businesses’ financial statements are audited and certified by registered auditors in Dubai. DIAC includes several businesses that are subject to conducting statutory audits for every financial period. Farahat and Co provide top audit services and value-added tax consultations with seasoned auditors and adept tax agents in the UAE.

• Conducting a Feasibility Audit and Due Diligence Audit

  The Dubai Development Authority allows its investor business to expand within its jurisdiction. Audit companies in Dubai provide feasibility audits
  for businesses so that their business strategies are aligned with their future growth and do not deviate towards loss due to unreliable financial data analysis. Farahat and Co have worked with several such businesses in the DIAC Free zone and helped them with mergers and acquisitions, and expansion plans.

• Conducting compliance audits

  Tax compliance is essential for businesses, and failure to do so can result in penalties. Farahat and Co have an exceptional team who can conduct the VAT filing for companies in DIAC in a seamless manner that will not interrupt the operations of the organization.

• Closure of Business

  In case companies decide to wind up their business or have a business terminated in Dubai International Academic City by the government, an audit report of the company’s financial statements is required. There are additional reports which include a study of creditors, liabilities, assets and liquidity so that the correct proceedings can be made towards the company. Financial statements audited by Farahat and Co are certified and
  accurately represented in the court of law as and when required. Our experts also provide financial advice and legal consultation through their partners.

• Forensic Audit

  A forensic audit report is prepared by forensic auditors who specialize in collecting evidence and writing a report that can be represented in a court of law.  A forensic audit is one of our core business services, and we have a team of forensic expert auditors that have both experience and accuracy in their forensic reporting in Dubai.

Apart from the above-mentioned reasons, a business in Dubai International Academic City may be required to conduct an internal audit to ensure that their accounting policies and process are in line with the company’s goal. External audits help with government compliance and increase confidence in investors and shareholders of the company.