The Best External & Internal Audit Services in UAE
Internal auditing offers an objective assessment of a company’s financial health along with a precise and profound intuitive grasp of its operations. Internal audit services in Dubai are performed by skilled and knowledgeable staff members of Live Auditors, who are Chartered Accountants using a comprehensive, verified approach.
Internal Audit
We provide credible assurance that the company’s financial statements are accurate and reliable.
We strengthen trust among customers, investors, and shareholders
We enhance the credibility of the business and instill confidence in all clients.
External Audit
Well-stated. External audits emphasize independence and objectivity.
External auditors are appointed by the shareholders in most jurisdictions after a selection is initiated, normally by management.
Usually, the external audit is conducted by an independent third party having no ties to the organization.
External audits are often sought by regulatory authorities, which may include tax departments, financial institutions, or governing bodies, to ascertain statutory compliance.
Shows transparency in supervising the audit that complies with the financial rules set by such authorities as the UAE Ministry of Economy and FTA in Dubai and across the UAE.
Why Do You Require External Audit Services in Dubai, UAE
Hiring a highly trained external auditor can help your organization maintain accuracy while avoiding legal concerns or potential liabilities. Routine accounting procedures make it simple to conceal fraud, misuse, and rule and regulation violations. These are some of the key reasons why working with External Audit Services in Dubai, UAE, is essential.
Why Do You Require Internal Audit Services in Dubai, UAE
Strengthen Internal Controls
Internal audits can be useful in identifying any weaknesses in your system and all of your processes. Internal Audit Services in Dubai, UAE improves the operational risk reduction component.
Assure Adherence to Regulations
They verify that your company complies with UAE legislation, which includes VAT and corporate tax, among other financial rules.
Boosts Efficiency in Operations
The expert internal auditors analyze your company's operations and make recommendations to save unnecessary expenses and streamline procedures.
Prevents Mismanagement and Fraud
Frequent internal audits can identify anomalies early on, protecting your company from mistakes, fraud, and inefficient management choices.
Who Needs an Internal Audit in UAE
Internal auditing is necessary for all businesses in the UAE to ensure smooth financial operations.
This includes the areas of finance, investment, and government organizations.
The mainland corporations keep financial records for at least five years.
Financial auditing statements are required by UAE authorities.
Free zone companies are not required to produce audit reports.
Audit reports are still required for immigration and visa processing purposes.
Regular internal audits help to ensure safety and maintain financial transparency.
Our journey with Live Auditors & Chartered Accountants LLC spans several years, and their unwavering support across accounts, VAT, audits, and Tally has been truly commendable. The team’s depth of knowledge and responsive attitude have helped us stay compliant while focusing on what we do best. Their consistent presence has made them an indispensable part of our growth.
VAT Registration Simplified: How VAT Consultants in Dubai Makes It Easy.
If you having trouble understanding Dubai’s VAT registration? It’s not...
Read More
Benefits of Outsourcing Accounting and Bookkeeping Services in UAE
There are many people who own various types of businesses...
Read More
Frequently
Asked Questions
Answer: An accounting firm’s Dubai audit allows you to determine what is and is not working for your firm. It demonstrates that your money is being correctly managed, helps to prevent fraud and mistakes, ensures compliance with UAE financial regulations, and provides valuable insights to improve operational efficiency and decision-making.
