Audit Firms in Dubai : List of Audit Firms in Dubai with Contact Details
Audit Firms in Dubai UAE : List of Audit Firms in Dubai UAE. Top Audit Firms in Dubai UAE. Find Professional Audit Firms in UAE approved by Free Zones and Banks. An audit is an evaluation of a person, organization, system, process, project or product. An audit would be performed to determine the strength and reliability of information.
A company will perform a financial audit to prove that its financial statements truly represent its position in the market and to assess the fairness by which a companys financial statements are presented by its management. It is designed to reduce any possibility of missing or false information, whether simply by error or by fraud. Different countries have different audit options as do different firms and organisations.
A financial audit is usually performed once a year before a company releases its financial statement. Internal audits are performed by employees of the companies so that they can easily find out any problems. External audits are independent staff assigned by an auditing firm to evaluate financial statements. Most external auditors are employed by accounting firms once a year for their annual audit. There are 4 stages of an audit: Planning and risk assessment, Internal controls testing, Substantive procedures and Finalization.
The planning and risk assessment starts by understanding what the business does and how it operates and the work out any possible risks. Internal controls testing. The next stage is internal controls testing which includes checking computer security, account reconciliations and how many people are needed to complete tasks. The stronger the internal controls are the easier this is for the auditor.
The Substantive procedures stage collects evidence that the figures made in the financial statement are reliable. Auditors rely on this stage when the internal controls are strong. The last stage of the audit is used to compile a report to the managers of the company which detail any important matters/issues that have come to light during the audit.
There are now tools that have been developed to perform audits using a computer. When a human being is performing an audit it is very difficult to view and record every single document so they view only a sample. A Computer Aided Audit Tool (or CAAT) can analyse large volumes of data looking for anomalies. Unlike a human being it can review all transactions, test all the data and look for duplicate transactions. They can test 100% of the data rather than just a selection. The four largest accounting firms in the world are often referred to as ‘the Big Four’. They are: PricewaterhouseCoopers, Ernst & Young, KPMG and Deloitte.
Auditors need to be ‘people people’ as they will often be working with a large team of auditors. Risk management is a very important part of the job and as an internal auditor, you may well be the person in the best position to see new opportunities or note areas of danger to your firm. You’ll also have to be completely trustworthy as you’ll be looking at a lot of highly confidential information. You’ll also need to be willing to continually learn and develop as new regulations and standards are always being introduced. An auditor who keeps up with the emerging standards and then puts them into practice will be highly sought after. You need to be able to write your recommendations in an easy to follow and clear way because the people that read these audits are not specialist in risk management and accounting and they need to be able to understand it.
Audit Firms in Dubai
Audit Firms in Dubai UAE : List of Audit Firms in Dubai UAE. Top Audit Firms in Dubai UAE. Find Professional Audit Firms in UAE approved by Free Zones and Banks.
Asad Abbas & Co. (Chartered Accountants)
Asad Abbas & Co is an audit and accounting consultancy firm in United Arab Emirates (UAE). Services rendered by the firm include statutory, external and internal audit, accounting and financial management consultancy, accounting and finance outsourcing, project evaluation, feasibility studies, formation of offshore company in JAFZA & RAK, financial expert in UAE courts and allied services. The firm is led by a team of qualified and widely experienced professionals dedicated to practice their profession in accordance with International Financial Reporting Standards and committed to provide the best services both for Local and International clients.
The firm is fully equipped and provides services catering to a wide spectrum of clients, from individuals to corporate entities; from small organizations to very large companies; domestic and multinationals, in the fast growing economic environment of today. In our endeavour to provide the best professional services, we ensure compliance with the latest international standards and are continuously abreast with the latest developments in our fields of practice. Our aim is to provide cost effective but efficient professional services to the business community and to assist them in realising the maximum potential of their respective business operations. In this respect, we appreciate the importance of timely delivery of our services and are especially committed to the time schedules that we intimate at the start of our assignments.
Company Name: Asad Abbas & Co. (Chartered Accountants)
Company Location & Address: 405, Executive Tower D, Aspect Tower Building Zone B, Business Bay, Dubai, United Arab Emirates
Company Telephone Number: +971 4-4329083, 052-2639794
Company P.O.Box: 78142
Company Website: Click Here To View Website
Category: Auditors, Auditing Firms
RSM Dahman is a member of RSM, which is one of the world’s leading audit, tax and advisory service network, with independently owned and managed professional firms. With a global reach and local perspective, RSM member firms deliver innovative solutions, helping you see further, adapt faster and grow stronger. The late Dahman Awadh Dahman founded the firm in the UAE in 1996 and in Yemen in 1997. Then known as Dahman & Co. it was immediately included as a member of RSM International at that time. In 2012, the firms in UAE and Yemen were renamed to RSM Dahman, reiterating the Firm’s commitment to becoming a truly international audit firm with local experience and expertise. This places us in a unique position to serve our clients better.
Accredited by all international and national banks and authorized by all free zones in the UAE to audit corporate entities, RSM Dahman along with Crescent Management Consultancy offers a full range of audit, assurance, accounting and consulting services since 1996. With an eye for detail, RSM Dahman provides an excellent level of personal service, expert advice and worldwide support. The Firm offers the best global capabilities through the RSM network. RSM Dahman and its senior partners are duly licensed by the Ministry of Economy and are registered in the Register of Auditors to practice as Auditors in the UAE.
Company Name: RSM Dahman
Company Location & Address: 3110, The Burlington Tower, Near Oberoi Hotel, Al Abraj St, Business Bay, Dubai, United Arab Emirates
Company Telephone Number: +971 4-5547423
Company P.O. Box: 11855 Dubai, UAE
Company Website: Click Here To View Website
Category: Auditors, Auditing Firms
N R Doshi and Partners
N R Doshi & Partners is led by a team of multifaceted professionals who have domestic and international experience in the domains of audit, Accounts, IT Consulting, Human Resource Management, Banking and Financial Services. Their employee’ credentials include Chartered Accountants (CA), Certified Information Systems Auditors (CISA), Certified Public Accountants (CPA), ACCA (Association of Chartered Certified Accountants UK), MBAs and administrative specialists with extensive, experience in a wide variety of industries. We ensure the best accounting and consulting services by customizing our services to client specific needs. Our methods involve individual goal and objective realization, and application of specialized industry knowledge. This level of service is available through our unique structure and size. For service quality assurance, N. R. Doshi & Partners has proprietary procedures with respect to the quality of work. These procedures are designed to provide assurance that, the personnel will ensure competency, objectivity, proper professional care.
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