External Audit Services
Best External Audit Services in Dubai, UAE
Eslam Elgendy boasts a vast pool of highly qualified external auditors in Dubai, ensuring transparency in your company’s financial statements and promoting ethical business practices.
Our external audit services identify weaknesses in internal controls and processes, enabling senior management to make more informed operational and investment decisions. As a leading external audit firm in the UAE, we streamline tax audits and filings.
A business requires an external audit to:
Ensure the accuracy of the company’s financials.
Identify weaknesses in internal operations and divisions.
Improve the trust factor of the company among stakeholders and investors.
Why External Audits are Performed in Dubai?
Our external audits ensure compliance with UAE laws and regulations, verifying that the financial claims made by your organization are accurate. Here are some additional reasons why external audits are performed in Dubai:
Get Unbiased Expert Suggestions
External auditors are qualified accountants who assess a client’s business processes and recommend improvements to address issues stemming from inaccurate financial data. Since external auditors are independent from the company, they provide impartial expert advice, enabling stakeholders to make more informed financial decisions moving forward.
Validate Accounting Information
Eslam Elgendy’s team of external auditors consists of skilled and qualified professionals who evaluate and enhance clients’ business processes to minimize issues caused by improper financial data. Their independence allows them to offer completely unbiased recommendations, adding objectivity to the audit report.
Check for Errors
A minor error or discrepancy in your financial statements can lead to significant problems if overlooked. External auditors assist businesses in identifying errors in their financial statements before they are shared with investors or stakeholders. When auditors detect any misinformation, they provide guidance to rectify those errors promptly.
Ensure Transparency
Fraud and Malpractice Prevention
External audit services help uncover discrepancies in financial statements. By tracking these discrepancies, you may identify instances of fraud or financial malpractice within your company. External auditors play a crucial role in detecting fraudulent activities swiftly and maintaining transparency in your financial records.
Ensure Compliance
External audits are mandatory for the annual renewal of your trade license in the UAE. With the introduction of VAT and CIT by the UAE government, regular external audits help ensure compliance and mitigate any potential legal issues.
Flowchart of External Auditing in Dubai
Our external audit services in the UAE utilize a structured methodology. To facilitate the external audit process, certain documents are required. Please ensure the following documents are prepared ahead of the audit.
Company’s bank accounts used for transactions
All financial transactions made by the company
Payroll report
Schedules of asset registers, prepayments, accruals, etc
Loan documents
Company’s trial balance
Copies of legal documents, like the certificate of incorporation, share certificates, licenses, and tax registration certificate
Confirmations from customers, banks, suppliers
Why Choose Eslam Elgendy for External Audit Services in Dubai
Eslam Elgendy provides extensive external audit services in the UAE designed to enhance your business operations. We adhere to all external audit guidelines and deliver precise audit reports that mitigate risks associated with inaccurate data.
By choosing us, you are opting for:
Auditors with extensive industry experience
Assurance that your business operations are conducted fairly
Affordable costs as per the industry standards
Unbiased review and recommendations to improve your business operations
Don’t Know which Service to Use? Let Us Help You.
What is your business need?
Frequently Asked Questions
Some frequently asked questions about the service
Are external audits mandatory in the UAE?
Yes, the Commercial Companies Law mandates that all mainland businesses conduct periodic external audits. External audit reports are necessary for various legal activities, including the annual renewal of the trading license.
How much does an external audit cost?
The cost of an external audit varies based on several factors, including the size of the organization and the audit's scope. Other elements, such as internal compliance, can also impact the overall audit cost.
What is the difference between a qualified and unqualified audit report?
A qualified audit report is a modified report where the auditor provides a subjective assessment, indicating that the financial statements may contain some discrepancies. In contrast, an unqualified report means that the majority of the financial claims are fair and accurate, with only minor issues present.
Why do free zone companies need an external audit report in Dubai?
Free zone companies need an external audit report when applying for a loan or renewing their trade license.
Who can provide external audit services in Dubai?
Only licensed audit firms registered with the Dubai Financial Services Authority (DFSA) or the Dubai Municipality are legally permitted to offer external audit services in Dubai. These firms must meet specific requirements, including employing certified external auditors and adhering to professional standards and ethics.
Find an Insurance Agent or Start Tracking your Claims
Our dedicated customer service team is always ready to assist you with any questions or concerns you may have.
x
Contact With Us!
7869+JCF – Al Maktoum Rd – Deira – Riggat Al Buteen – Dubai
Call us: (+971) 556604347
Mail: info@eslamelgendy.com
Mon – Sat: 8.00am – 18.00pm / Holiday : Closed
x
The Best Services for the Development you have Chosen.
Best services Recommended for your growth.
01.
Golden Visa in UAE
Need help avoiding double taxation by claiming foreign tax credits? Our tax experts are here to guide you through the…
02.
Foreign Tax Credit (FTC) Advisory
Need help avoiding double taxation by claiming foreign tax credits? Our tax experts are here to guide you through the…
03.
Double Taxation Advisory
Struggling with double taxation from cross-border transactions? Eslam Elgendy’s tax specialists will assist you in leveraging double tax avoidance agreement…
