Audit and Assurance Services in Dubai
Improve your company’s performance by identifying inefficiencies in the regular processes and mitigating the potential risks that could affect the brand’s reputation. Accountax’s top audit and assurance services streamline your business’s financial requirements.
Why is Auditing Important?
Companies require independent sources of financial information that could be accessed to measure the performance of management as well as to comply with local and international regulatory obligations. Auditing in UAE Free Zones enhances the credibility of your business and enables stakeholders to make assessments and investment/divestment decisions with confidence.
Get adequate control over your business processes by implementing proactive risk management programs. Mitigate the risk of financial crime and fraudulent activities while uncovering the regulatory gaps with our comprehensive audit services.
We are constantly evolving and innovating to ensure that clients receive the best possible quality and value in our services.
Statutory Audit
Accountax offers top-notch audit services in the UAE to meet your business requirements. Our risk-based and custom services comply with the Internationala Financial Reporting Standards (IFRS).
Our ultimate goal is to maximize transparency across business operations and build stakeholder trust by delivering audits that align with regulatory requirements. With a team of professional auditors we offer high standards of auditing focusing on the key risk areas.
- Internal Audits
- Tax Audits
- Risk Assessment and Mitigation Audits
- Forensic Audits
- Compliance Audits
- Financial Due Diligence
- IT and Cybersecurity Audits
Audit in Free Zones in UAE
Setup your business in UAE Free Zones to benefit from the streamlined operations and tax incentives. Comply with the required regulations by regularly submitting annual audit reports to the Free Zone authority. Accountax helps your business ensure adherence to all finance related standards.
We are approved by several free zones including DMCC, DAFZA, JAFZA, RAKEZ, HAMRIYAH, DWC, KIZAD and DIFC and help businesses avoid monetary penalties by meeting all financial obligations.
- Approved Auditors in DMCC, DAFZA, and other major free zones
- Annual financial statement audits for license renewal
- Sales audit services
- Corporate tax services
Accounting Closure Assistance
Our professional audit experts ensures high accuracy when it comes to financial reporting of your organization. We streamline the Accounting Closure processes to empower your brand to achieve high quality reporting. Our strategies have helped hundreds of businesses achieve faster closure rates while mitigating the gaps related to regulatory requirements.
Our comprehensive methods assist your business throughout – from project scope to execution. We also offer consultation for change management and risk assessment to earn high revenue and ensure efficient processes.
- Accounting software closing
- Standard journal entries and adjustments
- Reconciliations
- Variance analysis
- Financial statement preparation & review
Management Reporting
Our management reporting services are important for your business to perform crucial decisions and strategic planning. Our team provides useful insights that can help your business set benchmarks and keep an eye on the performance over time.
At Accountax, we offer custom management reporting services that serve beyond the basic finance statements. From monthly reports to compliance, our key findings act as a health check for your business operations.
- Independent financial reports for top management
- Insights into profitability, control environment, and compliance
- Periodic commercial assessments and reporting
- Health checks on company operations
- Outsourced MIS reporting services
FATCA and CRS Compliance in the Middle East
We help you comply with the Foreign Account Tax Compliance Act (FATCA) to combat tax evasion by U.S. persons holding assets abroad as well as with the Common Reporting Standard (CRS), developed by the Organization for Economic Cooperation and Development (OECD).
Accountax helps your business develop policies and procedures that align with FATCA and CRS regulations, perform compliance reviews, and assist you submit reports to the relevant authorities.
- Entity Classification
- Impact Assessment
- Due Diligence Support
- Policy and Procedure Development
- Compliance Reviews
- Reporting Support
Stock Audit Services
Stock audit services by Accountax ensure a risk-free business inventory that verifies the registration, ownership, and realizable stock value. We help you maintain a strong bookkeeping system and reliable Management Information System (MIS) reporting.
We conduct regular physical verification that requires meticulous planning and expertise. Accountax offers detailed stock audit services which includes inventory verification, insights into excess, damaged, or shortage of materials, internal process controls, risk-mitigation, and reconciliation of stock records.
- Stock Audit Services
- Physical Status Reporting
- Stock Reconciliation
- Inventory Valuation
- Assistance with Inventory Coding and Categorization
- Inventory Accounting
Expertly Navigating Accountancy with Government Agencies
Internal Audit Services in Dubai
Financial statements play an important role when it comes to providing finance related information to capital markets and investors. With the passage of time, audit and assurance practices are changing as a result of reforms in the regulatory requirements. Compliance with local and global obligations has become a challenge when coupled with the demand for transparency. This is where internal audits come into play.
At Accountax, we strongly take the responsibility to continue building trust among all sizes of businesses in Dubai to perform internal audits that are highly transparent and meet all compliance needs. We perform end-to-end auditing of your business operations to mitigate the risks of financial fraud. Our internal audit services in Dubai include:
- Financial statement audits, reviews and compilation
- Tax Audits
- Statutory Audits
- Attestation Services
- Risk Assessment Program
Our Guiding Principles for a Seamless Partnership with You!
Accountax offers integrity with its clients by delivering custom solutions and a trust relationship that goes beyond the project delivery. Let’s join hands together to strengthen the business practices!
Customer-Centric Approach
Transparency & Honesty
Accountability
Efficiency & Timeliness
Industries We Serve
Accountax offers integrity with its clients by delivering custom solutions and a trust relationship that goes beyond the project delivery. Let’s join hands together to strengthen the business practices!
Telecommunication
Companies offering products or business services can utilize our financial services by optimizing cash flow management and comply with VAT regulations.
eCommerce and Services
One of the most lucrative industries, eCommerce can streamline financial operations with our custom services to optimize sales and minimize the audit hassle.
Oil and Gas
Expand business in an effective manner by optimizing the budgeting with Accountax. We help businesses use the funds smartly and comply with regulatory obligations.
Clinic and Hospitals
Offer high quality health services with effective financial models. We help you utilize the best-known practices for your business to ensure due diligence, compliance with healthcare laws and maximizing profits.
Trading Business in Freezone and Mainland
Track and manage your inventory effectively with Accountax financial models. Comply with local and international regulations with our smart tax optimization strategies to grow your business in free zones and the mainland.
Real Estate and Constructions
We evaluate profitability, assess risks, and help you make informed decisions about where you must invest and how your business can ensure compliance with the regulator.
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Frequently Asked Questions (FAQs)
What is the purpose of an audit for my business?
Audits help ensure that your company’s financial statements provide a true and fair view of your financial position. It brings transparency, develops confidence with stakeholders, and ensures compliance with the law in the UAE. At Accountax, we perform comprehensive audits to ensure your mind is at peace.
What types of audits does Accountax offer?
As a company conducting business in UAE free zones and Mainland, Accountax offers statutory and internal audits. We offer external audit services to check the healthy financial position as well as internal audit services to strengthen internal controls and processes.
How often should my business undergo an audit?
The number of audits also varies depending on your industry and requirements- most businesses have to do it annually. At Accountax, we can review your requirements and advise you on the right audit frequency to suit your business.
What documents are needed for the audit process?
The documents that we normally need are financial statements, bank statements, invoices, tax filings, and other financial documents. At Accountax we will guide you through the preparation of the documents, as well as provide you with a comprehensive checklist.
How does Accountax ensure audit quality and accuracy?
We adhere to stringent audit standards and take advantage of the latest tools to provide accuracy and reliability. Our professionals are trained and skilled to apply analytical thinking to discover patterns, trends, and discrepancies in your financial data.
How long does the audit process take?
How long this takes will depend on the size of your business, its industry, and how complicated your finances are. Usually, audits last a couple of weeks. At Accountax, we aim to get audits done with no loss in quality and to keep you in the loop from start to finish.
How do I get started with Accountant's audit services?
Getting started is easy! Take a visit to our website or simply call us and book a consultation. We will talk about your business requirements, describe the audit process, and then present a custom solution that will drive compliance and financial authenticity.
Is the audit process disruptive to daily business operations?
At Accountax, we know that ensuring business continuity is paramount. Our auditors conduct efficient engagements that cause low disruption. You can schedule your audits at suitable points, and we provide simple communication.
How much do Accountax’s audit services cost?
The cost of the audit depends on the size of the business, the industry, and also complexities of the audit. Accountax calls to get to know your business requirements and provide you with transparent and competitive pricing based on your needs.
What is the difference between Audit and Assurance?
Audit is primarily concerned with the correctness of financial statements, while Assurance covers a wider range of activities, including risk assessments and process optimizations. Audit and Assurance both improve financial compliance and credibility.
Are Audit and Assurance services mandatory?
Certain companies must be audited by law due to industry requirements and the size of the visit company. Even when it is not compulsory, the Audit and Assurance services provide credibility and assist in improving financial administration.
If you are ready to keep your company ahead of all your competitors, we’ve got you covered. Align all your financial decisions by taking advantage of our auditing services in the UAE and achieve the maximum transparency. So what are you waiting for?
If you are ready to keep your company ahead of all your competitors, we’ve got you covered. Align all your financial decisions by taking advantage of our auditing services in the UAE and achieve the maximum transparency. So what are you waiting for?