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Company Audit for Immigration to Canada, UK, and USA

Canada, UK, and the USA are among the countries that allow self-employed professionals to migrate into their lands upon meeting certain requirements. However, one of which is company audit for immigration. In this article, we’ll also provide you with a clear picture on how an audit firm in UAE accomplishes company audit and produce reports that to be furnished to the appropriate immigration authorities. Read on.

Defining the Objectives for Company Audit

Prior to an audit, a firm will conduct a procedure for preliminary planning, as well as information gathering. An assigned auditing team will also define your audit objectives, including the scope of the service. An auditor will start developing an audit program in order to define testing procedures. With company audit for immigration, in particular, it will be for uncovering the strengths and weaknesses of a company.

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Entrance meeting for audit

Entrance Meeting for Audit

The team that will conduct the audit similarly, will meet with the company administration to discuss the scope of audit and the subsequent steps. During the meeting, company administration provide the details on major company operations and programs, relevant contact names, policies and procedures which deemed to be relevant to the review process, as well as other details that can assist in the fieldwork. The audit team will also discuss the impact of the audit process to the daily operations of the business as well as the expected duration.

Performance of Audit Tests

The auditors will gather information, then perform the tests for audit in order to acquire a good understanding on the company’s internal controls.

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Communicating and reviewing of results

Communicating and Reviewing of Results

If a team for audit in UAE done in identifying the potential control weaknesses and procedural violations during the fieldwork, the team will discuss with the company administration. With an audit service in UAE, auditors will also discuss their observations with company management to make sure that issues identified, including associated risks which fully understood by experts. Proposed recommendations will, of course, included during the discussion. However, results of a process of audit will be communicated with an audit report.

Exit Meeting for Audit

By the end of the fieldwork, the team for audit will meet with the company management formally in order to discuss issues as well as recommendations of the team which will be in the company audit report supplied by the audit team.

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