Assurance Services in Dubai: Strengthening Trust Through Effective Audits
The audit is key to sustaining confidence in both your company and the financial system at large. It must keep pace with a fast-evolving corporate reporting environment – one characterized by investor skepticism and the 24/7 scrutiny of corporate information, including non-financial information
Comprehensive Financial Statement Audit Services in Dubai
Our experienced professionals provide financial audit services covering the following:
Business Operational and Financial Risk Assessment
A business review will be carried out in order to obtain a detailed understanding of the business operations, to identify key areas and to assess the reasonableness of the reported figures.
Examination of Financials
Based on the risks and controls identified, we shall consider what management has done to ensure the financial statement is presented fairly, by examining the supporting evidence.
Audit Report
We shall make a judgement as to whether the financial report taken as a whole presents a fair view of the financial results and position of the organization and its cash flows and it is in compliance with financial reporting standards.
IFRS Advisory Services in Dubai for Seamless Standard Adoption
Our team of accomplished advisors remains diligently informed about the evolving landscape of various entities, equipping them with the knowledge and proficiency necessary to assist you in implementing and navigating the transitioning implications of the latest developments in international accounting standards. With our expertise, you can also benefit from our Tax and VAT services, ensuring that your financial compliance is fully covered. With our support, your transition will be expertly managed, allowing you to focus on your core business operations with complete peace of mind.
IFRS Advisory: Adoption, Implementation & Policy Support
Our Services of IFRS Advisory includes:
IFRS adoption and implementation
Implementation assistance with complex standards such as IFRS 9, IFRS 15, IFRS 16 & IFRS 17
Revenue Recognition Processes and Controls
Training and knowledge transfer process
Preparation and development of reporting manuals
Assistance in redrafting of IFRS accounting policies in line with changes in accounting standards or adoptions.
IFRS standards play a pivotal role in global financial reporting as countries across the globe are embracing them. It provides a global language for business affairs so that company accounts are more understandable.
The rules are being revised frequently to present useful and relevant information transparently to users thereby bringing fundamental changes to accounting processes for financial statement preparers.
As per Corporate Tax law (Federal Decree Law no. 47of 2022), financials are to be prepared as per Accounting Standards of IFRS, including the entities claiming Small Business Relief.
IFRS standards play a pivotal role in global financial reporting as countries across the globe are embracing them. It provides a global language for business affairs so that company accounts are more understandable.
The rules are being revised frequently to present useful and relevant information transparently to users thereby bringing fundamental changes to accounting processes for financial statement preparers.
As per Corporate Tax law (Federal Decree Law no. 47of 2022), financials are to be prepared as per Accounting Standards of IFRS, including the entities claiming Small Business Relief.
Shradha Dingliwal | Senior Manager
Call for Consultation
IFRS Advisory Services Dubai, UAE.
Scope of IFRS Advisory Services in the UAE
ETAA Ease Tax & Accounting Advisory
Frequently Asked Questions About Assurance Services
What is the difference between an audit and an assurance service?
An audit is a thorough examination of your financial statements to ensure they are accurate and comply with relevant standards. Accounting Firm assurance services, on the other hand, are broader and may include reviews, agreed-upon procedures, or other services that provide confidence in the accuracy or reliability of your financial data, operations, or processes.
How do I know if my business needs an audit or review?
If you’re unsure whether an audit or review is right for your business, we offer a consultation where we can assess your needs. Typically, larger organizations, regulated industries, or those with complex financial structures require an audit, while smaller businesses may benefit from a review or Bookkeeping or Payroll.
How much do your audit services cost?
The cost of an audit varies depending on the size and complexity of your business. We provide a tailored quote after evaluating your specific requirements. We aim to offer transparent pricing with no hidden fees.
