A non-prepared accounting set up will take a long time to complete the external audit process and its final result. Though we are not external auditors, Accurate Accountants prepare a hassle-free external audit preparation for the company thoroughly. We as a leading accounting firm in Abu Dhabi have a very close association with a lot of leading and prestigious Auditors in the local market, and we assist you for getting the best out of it at best of your comfort and value for money.

ACCURATE as best audit firms in Abu Dhabi provide best services in and around Abu Dhabi, Al Ain, and Dubai. For any statutory audit services, contact us we’d be happy to assist!

Statutory audits are the mandatory audits to ensure accurate and equitable statements submitted to the public and regulators in respect of the Financial Statements required by a Statute or regulation. A professional accountant with ample experience in managing such projects will always conduct the statutory audit. The Accounting company for Statutory Audit Abu Dhabi is someone who neutralizes and is independent of the corporation and carries out the auditing process.

In Dubai, the Companies Act prescribes the statutory audit and regulates various other rules, as well as the principles of accounting and auditing. The Accurate Accountant performs the Internal audit and control management in Abu Dhabi according to the criteria of different statute requirements.

Statutory Audit can provide-

Feedback on internal controls and processes effectiveness within the company

Outside perspectives and thoughts about the company.

The Internal financial audit firm Abu Dhabi audited financial statements will improve the confidence in the company. It helps in the pursuit of potential finances or investors.

A business should take a number of measures for the first time an auditor is appointed;

• Define needs
• Market research
• Auditor appointment
• Preparation for audit
• Final report

Define Needs

Consider that an auditor is appointed by the company. Is an audit compulsory under the law (many firms are excluded from auditing, so do not need an audit legally) or do shareholders have requested an audit?

Market Research

Many big companies are going to apply for their audit. This structured procedure may not be sufficient for smaller businesses, so that a variety of potential auditors may properly meet to discuss the requirements of your company. Meeting potential Internal financial audit firms in Abu Dhabi is a valuable way of testing the way they function and interact.

Auditor Appointment

The managers normally appoint the first auditor and then are named or reappointed at every General Assembly. A list of all persons and firms properly eligible to provide statutory audit service is maintained by the Registration Office of the companies.

Audit Preparation

You should agree on a schedule and prepare the necessary documents as soon as possible to ensure the Preparations for Statutory Audit Abu Dhabi is as effective and efficient as possible. The auditor may be able to help you in these final preparations, but there are limitations on what the auditor may do, because of the rules on independence.

General planning sessions are coordinated by the auditor. There will be a letter of agreement that sets out the auditor and the director’s respective duties. This needs to be carefully examined. Please ask the auditor to clarify any words you don’t know.

Final report

The company members will submit a final statutory audit report detailing the auditor’s opinion. The key observations and deficiencies identified in the internal controls and processes of the company will be highlighted so that you can have an understanding of the organization and a better awareness of the potential risks.

ACCURATE is one of the best Auditing companies in Abu Dhabi and provides the best services in and around Abu Dhabi, Al Ain, and Dubai. For any statutory audit services, contact us we’d be happy to assist!

Accurate Accountants provides technical accounting consulting, Vat consultants in Abu Dhabi, state and local tax services, audit and Accounts Payable Management Solutions Abu Dhabi and Tally ERP services in Abu Dhabi. For cash flow queries or any general accounting questions, don’t hesitate to contact us! We also provide FREE consultations…