What is External Audit Service?
An external audit is an independent examination of a company's financial statements conducted by an external
auditor to express an opinion on whether the financial statements are fairly presented and free from
material misstatements.
External audits play a vital role in enhancing the credibility and reliability of a company's financial
information, promoting trust among stakeholders, and ensuring compliance with applicable accounting
standards and regulatory requirements.
At Shuraa Tax, our expert team of accountants and auditors in Dubai, UAE, conducts thorough external audits
to provide an unbiased assessment of your financial health.
Why You Need External Audit Service in Dubai
There are many reasons why businesses need external audit services in UAE or Dubai. These include:
1. Legal requirements
Many jurisdictions, including Dubai, require certain types of businesses to undergo external audits.
2. Enhanced credibility
External audits can help to enhance a company's credibility with its stakeholders, including investors,
lenders, and customers.
3. Improved financial reporting
External audits can help to identify and correct errors in a company's financial statements.
4. Fraud detection
External audits can help to detect fraud and other irregularities.
5. Improved risk management
External audits can help to identify and assess risks to a company's financial health.
Who Needs an External Audit?
External Audit Services in UAE are essential for a diverse range of businesses and organizations:
- Publicly Traded Companies
- Private Companies licensed by certain authorities
- Companies with specific legal requirements
- Companies that need to obtain financing
Our External Audit Procedure
Shuraa Tax follows a comprehensive external audit procedure, ensuring a thorough examination of your
financial statements:
1. Pre-Audit Planning
Understanding your business, risk assessment, and developing an audit plan tailored to your needs.
2. Data Collection
Gathering and analysing financial data, including statements, transactions, and supporting documentation.
3. Audit Fieldwork
Conducting on-site examinations, testing internal controls, and verifying financial transactions.
4. Audit Conclusion and Reporting
We conclude the audit by forming an opinion on the fairness of your financial statements and issuing a
detailed audit report outlining our findings and recommendations.
5. Follow-up Support
Offering post-audit assistance to help implement recommended changes and improve financial practices.
Why Choose Shuraa Tax?
Shuraa Tax stands out as your trusted partner for external audit services in Dubai due to:
1. Expertise
Our team comprises knowledgeable and qualified accountants and auditors with extensive experience in the UAE.
2. Local Understanding
We have a deep understanding of local regulations, ensuring your business remains compliant.
3. Tailored Solutions
We customize our services to meet the unique needs of your business, providing precise and effective
solutions.
4. Transparent Communication
We believe in transparent communication, keeping you informed at every step of the audit process.
5. Timely and Efficient
Our team works efficiently to minimize disruption to your operations while providing timely results.
