Trusted Audit Services in Dubai – FTA Approved Auditors
Providing the best Audit Services in Dubai, UAE. Your Trusted Partner for Accurate Financial Audits and FTA Compliance
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Trusted Accounting Experts in Dubai Since
2017
Best Audit Services in Dubai
Audit services in Dubai, in essence, increase the trustworthiness of financial information with assurance services to help prepared by clients for use by investors, creditors, and other stakeholders. Singiri Auditing auditing services in Dubai strive hard to give our clients meaningful information to help them improve their operations where possible.
Based on our strong local expertise and a genuinely worldwide attitude and network, we serve big, medium-sized, growth-oriented, and complicated organizations in the United Arab Emirates. Our auditing services in Dubai are founded on our core principles of professionalism, ethics, quality, and diligence
Why Your Business Needs an Audit in the UAE
- Compliance: , Our Audit services in Dubai ensure that organizations comply with relevant laws, regulations, and industry standards, reducing legal and regulatory risks.
- Financial Accuracy: , Audits from top Auditing Services in Dubai verify the accuracy and reliability of financial statements, providing stakeholders with confidence in the organization's financial reporting.
- Fraud Detection:, Audits help uncover fraudulent activities, including misappropriation of funds, embezzlement, or other financial irregularities.
- Internal Control Evaluation:, Audits assess the effectiveness of internal controls, identifying weaknesses and recommending improvements to safeguard assets and prevent fraud.
- Risk Assessment:, Our auditors in Dubai analyze potential risks faced by the organization, such as operational, financial, or strategic risks, allowing management to mitigate and manage them effectively.
- Performance Evaluation:, Audits assess the performance of various departments and processes, identifying areas for improvement and enhancing operational efficiency.
- Decision-making Support:, Audits provide reliable information and insights to management, aiding informed decision-making and strategic planning.
- Stakeholder Confidence:, Conducting audits demonstrates transparency and accountability, enhancing stakeholders' trust, including investors, lenders, and customers.
- Compliance with Contracts: , Our audit services in Dubai ensure that organizations adhere to contractual agreements with vendors, suppliers, or partners, preventing contract breaches and disputes.
- Continuous Improvement: , Audits promote a culture of continuous improvement by identifying areas of non-compliance, inefficiencies, or weaknesses, encouraging organizations to enhance their processes and operations.
- Due Diligence: , Our audit services in UAE are essential during mergers, acquisitions, or partnerships to evaluate the financial health, risks, and potential liabilities of the target company.
- Regulatory Requirements: , Certain industries and organizations are legally required to conduct audits, ensuring adherence to specific industry standards and regulations.
- Corporate Governance: , Our audit services in Dubai support good corporate governance practices, fostering transparency, accountability, and ethical behavior within organizations.
- External Requirements: , Audits from top Auditing Services in Dubai may be necessary to meet the requirements of external stakeholders, such as banks, insurers, or government agencies, for funding, insurance coverage, or compliance purposes.
- Risk Mitigation: , By identifying risks and weaknesses, our auditors in Dubai help organizations implement measures to mitigate those risks and strengthen their control environment.
Benefits of Audit Services in UAE
In the United Arab Emirates (UAE), conducting an audit is a highly comprehensive and intricate task due to the annual audit requirement imposed on companies. Our audit services in UAE involves an impartial assessment of an organization’s financial report by an external party. Its purpose is to provide an accurate and unbiased view of the financial information presented by the management. Top Auditors in Dubai engage in discussions with the requesting party to define the audit’s scope, allowing for the planning of additional procedures that ensure their independence from the management and promote objective functioning.
They are responsible for examining and reviewing financial statements and must be registered with the relevant free zone authority. The following conditions apply to registered auditors in Dubai:
- Compliance with all national rules and regulations is mandatory.
- Our auditors in Dubai ensure the accuracy and transparency of all financial records.
- Preparation of financial statements in accordance with International Financial Reporting Standards.
- Considering the standards and regulations specific to the free zones during reporting.
The audit procedures from all Auditing Services in Dubai requires the following documents to start:
- Bank statements
- Confirmation of credit/debit transactions recorded in the Books of Accounts
- Invoices for purchases and sales
- Trade License, Memorandum of Association (MOA), Articles of Association (AOA)
- VAT Certificate
- Expense details
- KYC Documents
Top Auditors in Dubai collect evidence and make notes based on their observations during the examination. These form the basis for their opinions and recommendations, which are provided to business owners. Additionally, auditors in Dubai verify the information by consulting third-party sources, such as banks, to obtain evidence and opinions.
The audit covers the following areas:
- Accuracy and compliance of financial statements and records with applicable standards.
- Detection of financial fraud, money laundering, creative accounting practices, and similar issues.
- Ensuring compliance with VAT regulations, Corporate tax in UAE , and proper maintenance of records.
How to Conduct an Audit in Dubai: Step-by-Step Guide
In order to ensure a successful audit process within a company, several steps need to be taken.
Before the scheduled external audit takes place, the third-party Auditing Firms in Dubai
providing the auditor will request various necessary documents from the company. These may include a copy of the previous audit report, financial statements, ledgers, bank statements, receipts, and other relevant papers. Additional documents such as copies of board committee meeting minutes and company regulations may also be required by the auditor.
On the day of the audit, the entire company typically experiences a tense atmosphere as everyone strives to be at their best. Employees who are required to be interviewed for audit purposes should provide clear answers and possess comprehensive knowledge in their respective fields.
The duration of an audit usually spans one to four days typically, depending on the auditor’s plan and scope of the audit. The auditor may also request additional information during this stage to ensure a comprehensive understanding of the organization’s financial practices and controls, thus allowing for a thorough and accurate audit. Once completed, the auditor prepares a detailed report outlining their findings and recommends the best solutions for addressing any identified errors or discrepancies.
The audit process involves checking the company’s adherence to internal controls, as well as compliance with company policies, jurisdiction regulations, and country policies. This evaluation extends to financial statements and even the software applications utilized by the accounting department.
At the conclusion of the audit, a meeting takes place between the auditor and the company’s management. During this meeting, the auditor and management discuss the audit’s findings and the proposed solutions put forward by the auditor.
We have experienced business consultants who specialize in providing comprehensive end-to-end solutions for companies operating in the UAE
Comprehensive Audit Services We Offer in Dubai
This type of audit takes place internally within a company or by any internal audit services in Dubai. The audit is initiated by the business owner and carried out by someone else. Companies that have shareholders or board members use this audit to stay informed about the financial status of the business. The purpose of an internal audit is primarily to assess financial goals.
Here are the main reasons for conducting an internal audit by internal audit firms in Dubai:
- Making recommendations for enhancements.
- Monitoring and improving effectiveness.
- Ensuring compliance with laws and regulations.
- Reviewing and validating financial information.
- Establishing risk management policies and strategies.
- Verifying operational processes.
The third party, such as an accountant or tax agency, conducts this audit. An external auditor is independent of your business and its employees but is required to adhere to the generally accepted auditing standards (GAAS).
Similar to internal audits, the main objective of an external audit is to assess the precision of the accounting records. Investors often demand external audits to gain assurance regarding the accuracy of their business’s data and information.
After conducting the audit of your business, the external auditors provide an audit report. These reports contain a comprehensive account of the entire auditing process and any identified issues.
Risk management is an important aspect of any internal audit service. At Singiri Auditing, we use a variety of risk management tools and techniques to assess and identify potential risks that may affect a company’s operations and profitability. Our team of qualified chartered accountants in Dubai will analyze the company’s internal control systems, financial statements, and operations to identify any potential risks that may need to be addressed. We will then develop a plan to mitigate the risks, as well as recommend any necessary changes that need to be made.
Tax consultants in Dubai, UAE need to ready themselves for scrutiny by Tax Authorities in the form of a tax audit. This process involves assessing the accuracy of tax obligations by reviewing the financial records, including accounting and bookkeeping documents, as well as examining the taxpayer’s VAT return filings. The tax audit evaluates the company’s objectives, planning strategies, procedures, and the outcomes of its operations to ensure compliance with various taxes such as VAT, Excise tax, and Corporate tax.
Operational audits are conducted to assess the effectiveness of a company’s operations and internal control systems. At Singiri Auditing, our experienced auditors in Dubai will review the company’s processes, procedures, and policies to identify any areas that may need improvement in order to ensure compliance with applicable laws and regulations. We will also analyze the company’s financial statements and operations to identify any potential discrepancies and suggest corrective measures, if necessary.
Compliance audits are conducted to ensure that a company is in compliance with all applicable laws and regulations. At Singiri Auditing, our experienced auditors well versed in Auditing Services in UAE will review the company’s internal control systems, processes, and policies to ensure that they are in compliance with all applicable laws and regulations. We will also analyze the company’s financial statements to identify any potential discrepancies and make any necessary recommendations.
During a financial audit control, the auditor reviews how the bookkeeping services in Dubai is done, how transactions are entered into the system, how financial transactions are reported and how adequate and secure the internal controls are. The audits are conducted to ensure that a company’s financial statements are accurate and in accordance with applicable laws and regulations. At Singiri Auditing, our experienced auditors wit will review the company’s financial statements and internal control systems to identify any potential discrepancies. We will then make any necessary recommendations to ensure that the company’s financial statements are in compliance with applicable laws and regulations
Independent review is an important process that helps to ensure the accuracy and integrity of a company’s financial statements. At Singiri Auditing, our team of experienced auditors will review the company’s financial statements and internal control systems to identify any potential discrepancies. We will then make any necessary recommendations to ensure that the company’s financial statements are accurate and in compliance with applicable laws and regulations.
We are registered auditors in UAE:
New regulations are constantly being introduced, resulting in an ever-increasing level of complexity. As a result, existing regulations are often replaced with more complex ones, which can make understanding the law more difficult. Our auditors in Dubai are in control of these changes, keeping you up to date with proactive solutions.
- DAFZA (Dubai Airport Free Zone)
- DIFC (Dubai International Financial Centre)
- DMCC (Dubai Multi Commodities Centre)
- DSO (Dubai Silicon Oasis)
- JAFZA (Jebel Ali Free Zone)
- SAIF (Sharjah Airport International Free Zone Authority)
- HFZ (Hamriya Free Zone Authority)
- All other free trade zones and Mainland
Exclusive Packages
Specially designed packages to simplify your Account Management
BASIC PLAN
- Up To 10 Monthly Transactions
- Get Free VAT & ESR Assessment
- Updating Day To Day Transactions
- Sales
- Purchase
- General
- Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Bank Reconciliation
- Balance Sheet
- Income Statement
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ADVANCED PLAN
- Up To 150 Monthly Transactions
- Get Free VAT Consultation & ESR Notification Guidance With Annual Accounting Plan Updating Day To Day Transactions
- Sales
- Purchase
- General Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Reconciliation
- Balance Sheet
- Income Statement
- Cash Flow Statement
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PREMIUM PLAN
- Up To 400 Monthly Transactions
- Get Free VAT & ESR Assessment Updating Day To Day Transactions
- Sales
- Purchase
- General Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Reconciliation
- Balance Sheet
- Income Statement
- Fixed Asset Register
- Financial Analysis
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Additional Accounting & Compliance Services in Dubai
Let us help your business with our 15+ years of experience in the field of Accounting
Top Auditors in Dubai
Making Great Opportunities to Happen…
We are an audit & accounting firm in Dubai with a team of financial auditors and accountants have protracted accounting and auditing knowledge and good experience in interpreting and applying related activities. We also provide end-to-end solutions for business setup in Dubai.
We work with our clients to build a good bond and provide a personalized service to suit client’s all financial needs.
We take our mission into our professional core:
Our unparalleled services and ceaseless commitment to progress will assist you in achieving success. With our steadfast loyalty, we will collaborate with you to guarantee that your business meets its objectives
Our everyday journey
is guided by our set principles
How can We add value in Your organization?
Trust. Governance. Ethics. Compliance.
We have performed over 5,000 audits and counting.
Singiri Auditing, together with its Audit Division (Vertex Auditing), is a registered entity that provides Accounting services in Dubai and is qualified to conduct statutory audits to fulfill the requirements of the management, government bodies, banks, and free zones. We have the ability and experience to propel your business forward. Our team of auditors in UAE has done over 5,000 audits and is renowned for their integrity, objectivity, and professionalism, which creates a strong bond with clients. As well as analyzing and verifying the financial data, we are dedicated to offering proactive solutions for improvement and highlighting any potential risks. We also assist you with an audit report which is necessary for license renewal and other important purposes.
Client Testimonials
What Our Valued Customers Say About Us
We work closely
with all Government Agencies
We're always on the same page with Government Agencies, working together to get the job done!
Why
Choose Us
As we have been providing Auditing Services in Dubai for many years, our aim is to be the leading provider of value-added services in the MENA region. We are dedicated to helping businesses innovate and build a business model that leads to maximum profitability and sustainability
We are devoted to our mission of helping businesses attain greater success through unwavering commitment, outstanding services, and a dedication to innovation. You can blindly choose us for your Auditing service in UAE needs since we thrive to maintain the below awesome perks.
Accounting Services – Frequently Asked Questions
FAQ’s
Here are some common questions about Accounting Service.
As an team of chartered accountants in Dubai, we take pride in keeping the financial transactions and records up–to–date and accurate, allowing key decision makers to rely on management reports that bring cost reduction, consolidated accounting processes, and improvement of efficiency and compliance; enabling stakeholders to focus on where it matters.
Our Expertise
- Accounting and Bookkeeping Services
- Online Accounting/Onsite Accounting
- Backlog Accounting
- Accounting Documentation and Compliance
- Accounting System Set–Up and Training
- Budgeting and Forecasting
- Financial Statement Preparation
- Customized MIS Reports
- Vat Compliance and Return Filling
- We think of our clients as our partners, we collaborate with them not as an external firm but as an extended team, adding value to their businesses.
- We currently provide accounting support to more than 250 clients in trading, construction, real estate, healthcare, logistics, and other services.
- Traditionally, it was common for business owners to hire bookkeeping professionals
- To survive in today’s era of competitive markets and industries, a successful business needs to evolve its processes regularly and save or minimize costs and expenses while maintaining product quality. Now, you can outsource such an appalling task: accounts payable processing and focus on running the business. Our competent team of accountants is highly capable to provide accounts payable processing services periodically depending on your needs. Also, trust that the crucial data of your creditors are perfectly safe.
- pers to work in-house but with modern technology, maintaining a local accountant is often unnecessary. For a business, outsourcing is a logical way to cut costs associated with maintaining personnel. This frees up time and money for business owners to focus on increasing their profit margins, rather than getting occupied with the details of managing people and paperwork. Furthermore, outsourcing removes many of the stresses associated with operating a small business – such as meeting tax, invoice, and billing deadlines. In a nutshell, outsourcing your accounting allows for a sense of freedom and flexibility that is not allotted by most traditionally managed businesses.
- Save staffing and payroll costs
- Access a pool of experts and resources
- More time to focus on your business
- Enjoy a stress-free tax season
- Take advantage of the latest technology
- Scale your books with your business
- Reduce the likelihood of errors
- Guaranteed privacy and confidentiality
- Our Expertise:
- Chart of account review and set–up.
- Data entry, including daily transaction recording.
- Frequency of visits will be determined based on the requirement. We can provide daily, weekly, monthly, and quarterly visits.
- Accounts payable and receivables processing.
- Bank Reconciliations
- VAT Compliant Procedures
- Generating MIS Reports
- ● You do not have to take this everyday challenge, so you can focus on where it matters. We will take the extra mile to understand your business, delivering tailor-made solutions if you are looking for bookkeeping firms in Dubai.
- One of the most important facets of an organization is how well the accounts and finance of the company are managed; your financial statements represent your financial performance throughout the year and predict future performance. Important decisions are made based on these financial statements including banks and financial institutions’ lent loans.
- How can we help?
- We design a financial system including drafting a system for accounting procedures and processes – recording of entries, documentation of all transactions, segregation of duties, and bookkeeping.
- We shall set up the accounting procedures and software to carry out all the financial activities appropriately.
- We shall take up the data entry task and update all your accounts regularly depending on the frequency of your transactions.
- Our team will supervise and check from time to time whether the process is being followed accurately. Inefficiencies will be rectified during this procedure.
- Finally we shall prepare your income statement, balance sheet, cash flow statement, and statement of equity. All your reports will be prepared quarterly and annually for regular analysis of your financial performance.
- One of the most important facets of an organization is how well the accounts and finance of the company are managed; your financial statements represent your financial performance throughout the year and predict future performance. Important decisions are made based on these financial statements including banks and financial institutions’ lent loans.
- How can we help?
- We design a financial system including drafting a system for accounting procedures and processes – recording of entries, documentation of all transactions, segregation of duties, and bookkeeping.
- We shall set up the accounting procedures and software to carry out all the financial activities appropriately.
- We shall take up the data entry task and update all your accounts regularly depending on the frequency of your transactions.
- Our team will supervise and check from time to time whether the process is being followed accurately. Inefficiencies will be rectified during this procedure.
- Finally we shall prepare your income statement, balance sheet, cash flow statement, and statement of equity. All your reports will be prepared quarterly and annually for regular analysis of your financial performance.
- The solution is easy; opt for our Accounting Supervision Service. There are several means of committing and hiding a strategically planned fraud in an organization. Taking precautions is the best you can do to avoid incurring huge losses, or even bankruptcy, in the future. One could never know if one of your most trusted members could be cooking your books for personal gain. To avoid losing your life’s hard work and all the efforts you and your team have put into the business, our team will conduct a regular check of your entity. Since we are a third-party firm, no self-interest or self-review threats could cloud our judgment. You can fully trust us to ensure that the entries of your daily transactions, bookkeeping, and financial reporting are being performed honestly and truthfully.
- Don’t despair; sign up for our Updating Backlog Accounts Service. Maintaining proper books of accounts is a real challenge for small & medium enterprises. If your business is registered under commercial company law in UAE, it is compulsory for you to maintain all your financial transaction records in the prescribed format. Our team will help you to prepare books of account from the date of incorporation of business till the current date; as you provide all the necessary supporting documents; consisting of all the original purchase and sales invoices, payment and receipt vouchers, bank statements from the start of business and record of all the checkbooks used during the period. Our team of experts will update all the records in your company’s accounting software. You will be provided with the following financial reports:
- Balance Sheet or Statement of Financial Position
- Statement of Cash Flow
- Details of the Company’s Accounts Receivable
- Details of the Company’s Accounts Payable
- Efficiency Reports
- Calculation of Variances and Output Analysis
- Calculation of Financial Ratios and Analysis
- Calculation of the Break-even Point for the Company
We certainly can. The strongest pillar of your business is your employees; the best way to inspire their productivity is to ensure a healthy working environment that includes salaries being paid on time. Payroll management can become complex if not properly handled as it involves several perquisites and benefits instead of only wage calculation e.g. leave, vacation expense, insurance, medical benefits, etc. Focus where it matters; instead of wasting time researching salaries and wages laws and regulations, sign up with us for Payroll Services.
