Audit & Assurance/Links

Audit & Assurance

As external auditors we examine the financial records and issue our opinion regarding the financial statements of the company. Our Objective is to determine whether the statements presented are fair in all material respects and to ascertain that they are in accordance with the applicable financial reporting framework. Having high quality auditors like us, working for you can help stave off potential financial catastrophe. Fraud abuse or non-compliance with government regulations can all be hidden beneath the surface of your day to day accounting practices and can become more pronounced once your company grows.

Our auditors perform statutory audit for private and listed companies. The outcome of statutory audit include - fair opinion assurance, complete assessment of accounts, compliance with statutory and regulatory requirements as well as adherence to accounting standards like IFRS & IGAPP. Most entities registered in the United Arab Emirates are required by law to have their annual financial statements audited. It can be of help in keeping banks happy when you need finance and also keep credit insurers and suppliers happy. Above all, providing you the comfort of knowing that you have strong control and accuracy.

We help to meet with statutory requirements and compliances to report irregularities and rectify flaws in internal control systems. This segment will provide you the following services:

Financial statement audit
Risk management
Management and Operational Audit
Company Liquidation

Due diligence

Financial Statement Audit

A financial statement audit is an independent appraisal of the financial statements prepared by the organization. The cardinal objective of a financial statement audit is to provide an independent assurance that the management has, in its financial statements, presented a “true and fair” view of a company’s financial performance.

Available Choices

Create and maintain an Audit Programme
Prepare and maintain Audit Working Papers
Extract the financial information required for Statutory Audit

View relevant data in the required form for analysis
Dummy text of the printing and typesetting industry
Analyse data by comparing it with previous year's data

Risk Management

Risks can originate from various sources like uncertainty in financial markets, threats from project failures, legal liabilities, credit risk, natural disasters, accidents, as well as from uncertain or unpredictable events. In Risk management, we do the identification and prioritization of risks followed by coordinated and economical application of resources to reduce, check and control the likelihood and impact of adverse events or to maximize the awareness of opportunities.

Management And Operational Audit

Management Audit is the systematic and dispassionate examination, analysis and appraisal of management’s overall performance. It is a form of appraisal of the total performance of the management by means of an objective and comprehensive examination of the organization structure, its components such as department, its plans and policies, methods of process or operation and controls, and its use of physical facilities and human resources.

An operational audit process is the series of steps an auditor takes to evaluate the operational activities of a given company or other organization. The process is very similar to the processes for other forms of audits, such as the financial audit, but the operational audit process is a much more in-depth review of the business. It usually does not focus on a single department or project, because each department plays a role in the overall operational process and is interconnected.

Due Diligence

Due diligence is an investigation or audit of a potential investment or product to confirm all facts, such as reviewing all financial records, plus anything else deemed material, prior to signing a contract, or an act with a certain standard of care.

It is always advisable and prudent to conduct due diligence of a company if you plan to buy or sell it fully or partly, change the ownership structure or in the event of mergers and acquisitions.
We have significant experience in conducting legal, commercial and of course, financial due diligence on both the buy and sell side of transactions across all industries.

Our Due Diligence services include:

Assess the quality of earnings

Analyse cash flows
Review on and off balance sheet assets and liabilities
Identify key business drivers, trends in profitability and significant concentration of risk

Evaluate management forecast
Conduct comprehensive discussions with management and their advisors

Audit & Assurance

Audit & Assurance

Financial Statement Audit

Available Choices

Risk Management

Management And Operational Audit

Company Liquidation

Due Diligence