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Audit Services in Dubai, UAE

Audit Services in UAE

The process of analyzing corporate accounts and confirming data in financial statements with supporting documentation is known as audit and assurance. In terms of the industry and business market, the audit process also detects the risk associated with the business operation. The primary goal of the best audit firms in Dubai is to determine if the company's financial statements and records are correct, whether they are presenting the public with accurate information, and evaluate its overall performance as an organization.

Auditing is one of the essential services that any company requires to keep track of its financial operations. Financial management might be the most challenging aspect of running a business. It necessitates the involvement of top Auditing companies in the UAE, such as Farahat & Co. Audit Firm, that aims to:

  1. Provide clear and systematic financial statement audits and other accounting services.
  2. Provide key insight into your company and help them through the accounting procedure.

Accounting necessitates a great deal of work, such as payroll, audits, accounting, tax planning, and so on. Our Dubai-based expert auditors conduct a precise, thorough, and unbiased audit to ensure compliance with regulatory standards. Obtaining competent audit services in Dubai may assist you in confirming that your company complies with UAE laws, rules, and accounting standards.

What is Auditing in Dubai?

Auditing is the act of evaluating and determining if financial, operational, and strategic goals and procedures in businesses comply with stated principles as well as organizational and, more crucially, regulatory obligations. Indeed, compliance with regulatory norms, rules, and regulations is one of the reasons behind auditing and has been the primary reason firms have their financial statements, operational processes, and strategic imperatives audited historically and traditionally.

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Audit Firms in Dubai

Being one of the leading audit firms in Dubai, we offer audit and assurance services to all kinds of businesses from all sectors (construction, advertising, banks, offshore companies) regulated by the Dubai Economic Department and based anywhere in Dubai including the free zones—Jebel Ali Free Zone (JAFZA), Dubai Knowledge Village, Dubai World Central, Dubai Airport Free Zone (DAFZA), Jumeirah Lakes Towers (JLT), Dubai Silicon Oasis (DSO), Dubai Multi Commodities Center (DMCC), TECOM, Media City, Dubai Internet City, etc.
Some of the best CPAs in Dubai are part of our team, Our audit firm in Dubai also handles VAT accounting for its impending implementation on the first day of January 2018, payroll and HR solutions for all your HR duties and payroll processes that need to be done, and bookkeeping and accounting services for your accounting necessities.

Audit Firms in Abu Dhabi

All industries in any part of Abu Dhabi even in the free zones, namely Abu Dhabi Airport Free Zone, Abu Dhabi Zones Corp, Abu Dhabi Ports Company, Abu Dhabi Global Market, Industrial City of Abu Dhabi, Masdar City, and TwoFour54, are all welcome to take advantage of our free consultation about audit and assurance services as we are also one of the leading audit firms in Abu Dhabi. Also, we can assure you that the service will be overseen by a CPA in Dubai who has various experiences in the matter. Click here to learn more about our services

Audit Service in Sharjah

Being one of the major audit firms in Sharjah as well, we extend our services from Dubai and Abu Dhabi to this Emirate. From the mainland to free zones—Hamriyah Free Zone, Sharjah Airport Free Zone (SAIF Zone), USA Regional Trade Center Free Zone—, our audit and assurance services are offered to each kind of firm that needs to know the current state of their company to benefit them in having their business grow with international standards. The best CPA in Dubai from our team will certainly handle your affairs meticulously as you expect us to. Click Here to find out more about our services

Audit Service in Fujairah

Our audit and assurance services can cover all kinds of business fields regardless if they are in the mainland or free zones (Creative City Fujairah, Fujairah Free Zone) or even an offshore company, making sure that you are complying with the important matters and anything about government regulations. Since we are one of the leading accounting firms in UAE, our services are available to all seven Emirates of the UAE. Our team is composed of some of the best accountants and auditors in the UAE, making us part of the list of certified audit firms in Dubai. Click here to read more about our audit services in Fujairah

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Types of Auditing Services Offered by Farahat & Co

The primary goal of the best auditing firms in Dubai is to assure the accuracy of financial accounts. Auditing Companies in Dubai also give valuable information to all firm stakeholders. Shareholders, top management, the Board of Directors, the Auditing Committee, and regulatory bodies can all benefit from the useful information.

Stakeholders require various types of regulatory compliance and financial performance assurance in a corporation. As a result, our skilled auditors provide our customers with a variety of auditing services in Dubai.

Some of our most popular auditing services offered by our top-rated Audit firm in Dubai, UAE, are as follows:

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Internal Audit Services in Dubai, UAE

Internal auditing is a procedure that involves a complete and thorough review and analysis of all of the business's financial statements. Internal audits are performed to understand the firm's current Read more

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External Audit Services in Dubai, UAE

An external audit is a method in which an independent agency examines all of a company's financial statements. This audit is frequently ordered by a court and performed by a third party Read more

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Forensic Audit Services in Dubai, UAE

Forensic auditing is the process of conducting detailed investigations into a company's internal operations. It assists firms in detecting and managing risks associated with financial crimes, Read more

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Tax Auditing Services

A tax audit is a procedure carried out by the Federal Tax Authority (FTA) to review the commercial records or any information or data of taxable people conducting business in the UAE, according to Read more

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Compliance Audit Services in Dubai, UAE

The review of a company's conformity to regulatory and legal obligations is referred to as a compliance audit. Compliance audits in Dubai, UAE, can cover more than just financial compliance. It can Read more

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Financial Controls Audit Services in Dubai, UAE

Financial control Auditing is the full review of the efficacy of the existing Standard Operating Procedures. Accounting and financial statements, record-keeping, resource allocation, budgeting, and Read more
Audit firms in dubai

Benefits of Hiring Audit Services in Dubai, UAE

Businesses will benefit from using a reputable and professional audit firm in Dubai to obtain the best accounting, auditing, and assurance services at a fair cost. There are several reasons why you should hire a top audit firm in Dubai. Here are a few examples:

  • Protection against attempts to defraud investors
  • Accountancy precision
  • Competence and knowledge
  • Absolute adherence to existing government regulations
  • Internal control verification

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Audit & Assurance – Pricing

Package-1

AED 4000PER YEAR Above Fees are exclusive of VAT

UPTO 100TRANSACTIONS PER MONTH

SERVICES COVERED :

Balance Sheet Audit
Profit & Loss Account Audit
Statement of Cash flow Audit
Notes to the Audited Financial Statements
Auditor’s Report
Improvement of Accounting System
Improvement of Documentations
Improvement of Internal Controls
Improvement of legal matters

Package-2

AED 6000PER YEAR Above Fees are exclusive of VAT

FROM 100 TO 500TRANSACTIONS PER MONTH

SERVICES COVERED :

Balance Sheet Audit
Profit & Loss Account Audit
Statement of Cash flow Audit
Notes to the Audited Financial Statements
Auditor’s Report
Improvement of Accounting System
Improvement of Documentations
Improvement of Internal Controls
Improvement of legal matters

Package-3

AED 10200PER YEAR Above Fees are exclusive of VAT

FROM 500 TO 1000TRANSACTIONS PER MONTH

SERVICES COVERED :

Balance Sheet Audit
Profit & Loss Account Audit
Statement of Cash flow Audit
Notes to the Audited Financial Statements
Auditor’s Report
Improvement of Accounting System
Improvement of Documentations
Improvement of Internal Controls
Improvement of legal matters

Package-4

AED 12000PER YEAR Above Fees are exclusive of VAT

FROM 1000 TO 1500TRANSACTIONS PER MONTH

SERVICES COVERED :

Balance Sheet Audit
Profit & Loss Account Audit
Statement of Cash flow Audit
Notes to the Audited Financial Statements
Auditor’s Report
Improvement of Accounting System
Improvement of Documentations
Improvement of Internal Controls
Improvement of legal matters

Package-5

AED 15000PER YEAR Above Fees are exclusive of VAT

FROM 1500 TO 2500TRANSACTIONS PER MONTH

SERVICES COVERED :

Balance Sheet Audit
Profit & Loss Account Audit
Statement of Cash flow Audit
Notes to the Audited Financial Statements
Auditor’s Report
Improvement of Accounting System
Improvement of Documentations
Improvement of Internal Controls
Improvement of legal matters

Package-6

STARTING AED 19800PER YEAR Above Fees are exclusive of VAT

2500 AND ABOVETRANSACTIONS PER MONTH

SERVICES COVERED :

Balance Sheet Audit
Profit & Loss Account Audit
Statement of Cash flow Audit
Notes to the Audited Financial Statements
Auditor’s Report
Improvement of Accounting System
Improvement of Documentations
Improvement of Internal Controls
Improvement of legal matters

A list of Financial Statements Used in Auditing of Company Accounts Below:

Financial Statement Audit

The review of a company’s financial statements for the organization to have assurance coming from an external auditor that the financial statements are by accounting standards.


Balance Sheet Audit

The information in a company’s balance sheet is examined to make sure that it is accurate, verifying each item that is recorded.


Annual Report Audit

This consists of an external auditor’s opinions regarding the result of the examination of a company’s financial statements.


Profit and Loss Statement Audit

The revenues and expenses recorded in the statement are reviewed to ensure the accuracy of each item.


Cash Flow Statement Audit

The cash and cash equivalents indicated in the statement are investigated by an auditor (audit firm in Dubai), making sure it is precise.

Frequently Asked Questions

What’s the Difference Between Internal and External Audit?

The main differences between internal and external audits are as follows:

  • Reports from an internal audit are used by company management, whereas reports from an external audit are required by stakeholders, including lenders and creditors.
  • An internal audit examines issues that are related to risks and business practices, whereas an external audit examines the financial records of a business, and an external auditor issues expert opinion from the financial report assessment.


What Is the Basic Purpose of an Audit?

A statutory audit is conducted to examine an entity’s financial statements. The objective evaluation allows an expert to provide an opinion on whether financial records present the financial position of the business fairly. An audit also examines whether statements are prepared in the applicable framework, such as IFRS and GAAP.


Why Is It Important to Engage an Independent Audit Firm in Dubai?

It is necessary to engage an independent audit firm in Dubai mainly to ensure objectivity and independence. Without both factors that affect the evaluation of an auditor, an organization may be misled, often resulting in risks being underestimated or worse, ignored.

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