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Audit and Assurance

Top Auditing Firms in Dubai, UAE

Apart from the necessity of a statutory audit which is one of the legal requirements of businesses operating in the UAE, an audit firm in Dubai providing a range of audit services provides crucial and valuable insight.

At Farahat & Co, our audit services in Dubai determine whether or not business organizations are providing fair and true views about their financial position and performance. Being one of the leading auditing firms in Abu Dhabi and auditing companies in Dubai and the rest of UAE, we provide company administration comfort regarding the accuracy of their accounts.

According to Federal Law No. 2 of 2015 or the UAE Commercial Companies Law, every company is required to assign a licensed auditor that is registered under the Ministry of Economy for the auditing of their financial affairs. Our team of seasoned auditors help reveal systematic errors which inevitably occur.

Audit Firms in Dubai – with 35+ years of Excellence

In the United Arab Emirates (UAE), auditing firms in UAE are critical most especially with decision making for businesses that rely on information of company management. Our team’s process of audit and assurance challenges robustness of an organization’s internal controls and offers valuable feedback and external perspective.

There are a lot of reasons why you would seek out our team’s help. This includes government regulations, one of the requirements of your company’s by-laws, as well as to obtain approval for lending from a financial or banking institution. However, there is only one good reason why you would want to call us: our team is the best with what they do.

what our audit service in UAE include?

  • Maintenance for the setup of an internal audit department that’s efficient;
  • Accounting and audit consulting services;
  • Restatement of a company’s accounting records according to standards of UAE and in full compliance with GAAP and IAS/IFRS;
  • Organizational, operational, and financial audit under statutory and international regulation

We work with private and public companies, non-profit organizations, and closely held corporations. Our team has experience in various industries and business sectors, including but isn’t limited to the following:

What are Industries and business sectors, including but isn’t limited?

  • Medical and healthcare
  • Construction
  • Manufacturing
  • Restaurants (food and beverage)
  • Service industries
  • Real estate
  • Distribution and wholesale
  • Telecommunications
  • Transportation

Aside from this, there are furthermore reasons why financial audit is important for your business.

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Audit firms in Dubai

Being one of the leading audit firms in Dubai, we offer audit and assurance service 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.

our Some of the best CPAs in Dubai are part of our team, Our audit firm in Dubai also handle 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 with regard to 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. To know more about our services Click here 


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. To find more about our services Click Here


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 with regard to government regulations. Since we are one of the leading accounting firms in UAE, our services are available to all the seven Emirates of the UAE. Our team is composed of some of the best accountants and auditors in 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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Tel: +971 42 500 251

Email: sales@farahatco.com

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Audit Services in Dubai: Audit Engagements We Offer

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Internal Audit in UAE
Internal audit in UAE is designed as an objectivity consulting service which adds value and improve business operations. Our team adapts a disciplined and systematic approach in assessing the risk management, Read more

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External Audit in UAE
Our team of seasoned auditors in UAE provide external audit in UAE when there is a need for certification of an entity’s financial statements. Certification is often required by lenders and investors. Read more

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Statutory Audit in UAE
A statutory audit in UAE conducted by our professionals audit the financial records of entities that are required to present an audit report to the local authorities. In the UAE, Statutory audit only consists of the Read more

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Forensic Audit in UAE
For forensic audit, it is performed by our forensic accounts with the skill in both investigation and accounting. Forensic audit in UAE is undertaken by our experts in response to particular subject matters wherein investigation Read more

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Compliance Audit in UAE
A compliance audit in UAE is where our auditors check internal company policies and procedures. Laws and regulations that apply are to be adhered to by company administration. Our team- will review whether the internal Read more

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Operational Audit in UAE
An operational audit in UAE is the kind of audit wherein our experts review an organization’s key processes, systems, procedures, and internal- controls. The main objective of our clients for acquiring an operational Read more
Auditing Firms in Dubai

Leading Auditing & Accounting Firms in Dubai, UAE

As one of the leading chartered accounting firms in Dubai, UAE and being a certified internal auditor, we have more than 35 years of experience in various fields including audit and assurance, trademark registration in UAE and deregistration of company, while being a certified fraud examiner and auditors for owners association in Dubai and doing developers audit in Dubai as well.

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What are Our Auditing Standards?

As most of the audit firms in UAE, we are following the International Financial Reporting Standards (IFRS), a set of accounting standards that are constructed by a non-profit organization named as the International Accounting Standards Board (IASB). It is a known accounting or auditing standard worldwide, being used by companies and becoming a standard global standard.

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Audit & Assurance – Pricing

Package-1

AED 3000PER 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 5000PER 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 8500PER 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 10000PER 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 12500PER 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 16500PER 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
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 an assurance coming from an external auditor that the financial statements are in accordance with 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 is consisted 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 is reviewed to ensure the accuracy of each item.


Cash Flow Statement Audit

The cash and cash equivalents indicated in the statement is 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 audit 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.
  • Internal audit examines issues that are related to risks and business practices, whereas external audit examines 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?

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 to risks being underestimated or worse, ignored.