External Audit Services in UAE

Ensure Financial Integrity and Compliance with ASK Experts External Auditing Services

In today’s business landscape, maintaining financial transparency and compliance is crucial for building trust and achieving sustainable growth. At ASK Experts, we offer professional external auditing services in the UAE to help your business demonstrate its financial integrity and adherence to regulatory standards. Our expert auditors are dedicated to delivering thorough and objective audits that provide stakeholders with accurate and reliable financial information.

What is External Auditing?

External auditing involves an independent examination of a company’s financial statements and records by a third-party auditor. The purpose of external auditing is to verify the accuracy of financial statements, ensure compliance with accounting standards and regulations, and identify areas for improvement in financial practices. This process helps enhance credibility and trust among investors, regulators, and other stakeholders.

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External Audit and Assurance Services

At ASK Experts Chartered Accountants, our External Audit and Assurance Services provide comprehensive audits of financial statements to ensure they comply with Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IASs), and International Financial Reporting Standards (IFRSs). Our rigorous audit process involves gathering and verifying accounting records, inspecting supporting documents, and performing other essential auditing procedures to provide high assurance levels.

Ever wondered..

Why Demand for Financial Statement Audits is Increasing?

1. Regulatory Compliance: Most UAE authorities, including free zones, require audited financial statements for license renewal.

2. Banking Requirements: UAE banks often require audited financial statements to assess the feasibility of approving bank facilities.

3. Supplier Credit Facilities: Major suppliers in the UAE request audited financial statements to evaluate the approval of credit facilities.

4. Legal Compliance: The proposed commercial companies federal law draft mandates fines for companies that fail to maintain proper accounting records for five years or intentionally hide their true financial position.

5. Legal Evidence: Audited financial statements serve as crucial evidence in supporting lawsuits and legal disputes involving the company.

6. Financial Reliability: They help management, owners, and external parties assess the company’s financial reliability and position.

7. Adherence to Standards: Audited financial statements ensure compliance with IASs and IFRSs, providing a high level of assurance.

8. Professional Advisory: Auditors act as professional advisors to the accounts department and management, offering best practices for accounting and internal control.

Our External Auditing Services

Financial Statement Audit

Detailed Examination: Thorough review of your financial records, including income statements, balance sheets, and cash flow statements.

Compliance Verification: Assurance that your financial statements comply with UAE regulations and international accounting standards.

Audit Reports: Clear and detailed audit reports with findings and recommendations for improvement.

Stakeholder Assurance: Enhanced credibility and trust among investors, regulators, and other stakeholders.

Compliance Audit

Regulatory Adherence: Examination of your financial practices and records to ensure compliance with relevant laws and regulations.

Risk Identification: Identification of compliance risks and areas for improvement.

Compliance Reports: Comprehensive reports highlighting compliance status and recommendations for corrective actions.

Internal Controls Review

Controls Assessment: Evaluation of your internal control systems to ensure they are effective and efficient.

Risk Mitigation: Identification of weaknesses and risks in your internal controls.

Recommendations: Practical recommendations for improving internal controls and mitigating risks.

Continuous Monitoring: Ongoing support to monitor and enhance your internal control systems.

Fraud Detection and Prevention

Fraud Risk Assessment: Identification of potential fraud risks and vulnerabilities within your financial systems.

Fraud Investigation: Investigation of suspected fraud cases, including examination of financial records and transactions.

Preventive Measures: Recommendations for fraud prevention measures and controls.

Training and Awareness: Training for your staff on fraud detection and prevention best practices.

Special Purpose Audit

Customized Audits: Audits tailored to meet specific requirements, such as due diligence, mergers and acquisitions, and grant audits.

Detailed Reports: Comprehensive reports with findings and recommendations specific to your needs.

Objective Analysis: Independent analysis and verification of financial data for special projects.

Expert Insights: Expert advice and support for making informed decisions based on audit findings.

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Why Choose ASK Experts for External Auditing?

Expertise in UAE Regulations
With extensive experience in Dubai and UAE’s business landscape, we ensure full compliance with local laws and regulations

Comprehensive Support
From initial consultation to final closure, we provide end-to-end support throughout the liquidation process

Customized Solutions
We tailor our services to meet the unique needs of your business, ensuring a smooth and efficient liquidation process

Transparent Processes
We maintain clear communication and provide regular updates, ensuring you are informed at every step

Get in Touch with Us Today!

Ready to take your business to the next level? Contact ASK Experts for a free consultation and discover how our services can benefit your business.