External Audits In Dubai
The purpose of a periodic external audit is for the auditor to draw a conclusion on the report prepared by the company’s management and submitted for auditing. External Audit Services In Dubai are usually carried out for statutory purposes in accordance with relevant legislation and may only be carried out by registered auditors and audit firms.
Our technical team with in-depth knowledge of IFRS also provides IFRS training services for our non-insurance clients.
Furthermore, as a member of BESTAXCA International Limited, we offer both a local perspective and a global reach through our member companies on six continents.
How often should business organizations conduct audits?
External audit / statutory audit is often done annually. However, this can be done quarterly or semi-annually based on specific needs
Are there regulatory requirements for auditing financial statements in the UAE?
UAE regulations generally require an entity’s financial statements to be audited. Some authorities also require audited financial statements to be submitted within a certain time frame.
What criteria are determined by audit committees?
Audit fees generally depend on the time required to complete the audit, which in turn depends on the complexity and scope of the operations being audited.
How does BESTAXCA guarantee audit quality?
BESTAXCA is dedicated to a culture where quality comes first. We provide high-quality professional services that include valuation, combining technical expertise and industry experience, while maintaining integrity and independence. The combination of our size, depth of experience, state-of-the-art technology, infrastructure, and service philosophy helps us deliver quality services to our clients. Regular communication with clients ensures a quick response to cases.
We encourage all our employees to participate in technical conferences organized by various professional organizations. Partners and managers regularly attend international seminars/webinars to stay abreast of the latest developments in the audit field.
In addition, we regularly conduct internal training courses to inform our employees about International Standards on Auditing (ISA), International Financial Reporting Standards (IFRS), and local regulations.
Why should multinational clients contact BESTAXCA?
Companies associated with BESTAXCA have 400 offices. 220 member companies operate under the BESTAXCA brand in 150 countries on 6 continents and employ over 20,000 professionals. The BESTAXCA international network represents the global quality standard for our clients. “Local knowledge, wherever you are” – this is the promise. Affiliated companies of BESTAXCA International Limited share the same commitment: high-quality services, managed by partners, tailored to each client’s needs, and based on local experience. At the same time, membership in the network enables the exchange of knowledge, experience, and skills that are vital for our customers who operate in multiple locations.
The purpose of the auditor’s report is to highlight whether the report prepared by the organization gives a reliable and true picture and whether it has been prepared in accordance with the relevant reporting framework.
Through extensive planning, we take the time to fully understand each client and their business. In this way, we can identify the main areas and risks that companies face and focus our audit work. When planning tasks, we base our assessment on the internal control system and resources of client organizations, which helps us offer cost-effective external audit services. Our recommendations enable our clients to make practical business decisions that lead to operational improvements and thereby reduce inefficiencies.
Regular communication with our clients ensures that all types of cases are resolved quickly, ensuring that issues do not become problems, leading to the desired outcome. Our trusted external auditors in Dubai work hand-in-hand with your business to reduce risk, improve operations and ensure compliance.
What standards does BESTAXCA use to check customer accounts?
The audit of BESTAXCA’s annual report is in accordance with International Standards on Auditing (ISA). ISAs are international standards issued by the International Auditing and Assurance Standards Board. The Standards are high-quality standards issued to strengthen public confidence in the accountancy profession.
We fulfill our ethical obligations in accordance with the requirements of the International Board of Ethical Standards of Accountants (IESBA Code) and the ethical requirements for auditing financial statements in the United Arab Emirates.
What other insurance services does BESTAXCA offer?
BESTAXCA UAE has a proven track record in providing a range of other assurance services, including limited review of financial information, risk analysis and information systems reliability.
We are recognized by UAE free zones including Dubai International Financial Center (DIFC) and Abu Dhabi Global Market (ADGM), as well as the UAE Central Bank and Real Estate Regulatory Authority (RERA).
We have been named as one of the certification bodies required by participating organizations in the United Arab Emirates to implement the Common In-Country Value (ICV) program. We are also recognized by leading local and international banks and financial institutions
Why BESTAXCA?
BESTAXCA UAE is an auditor approved by the Ministry of Economy.
BESTAXCA has proven experience in providing insurance services from small family businesses to large international groups in various industries and sectors. BESTAXCA has accumulated extensive experience and knowledge and has a team to prove these credentials.
At BESTAXCA, we believe in our people and in giving our customers direct access to our decision-makers. We have special experience working with clients in a variety of industries and believe this knowledge is invaluable in providing quality service to our clients.
Our year-round focus team of individual tasks ensures prompt, thoughtful, and honest communication with our customers, helping us provide our customers with the technical support and timely service they need.
Our team members’ significant experience in various industries helps solve complex, industry-specific problems that may arise. Our team can make technical decisions specific to the sector in which the client operates.
Our technical team with in-depth knowledge of IFRS also provides IFRS training services for our non-insurance clients.
Furthermore, as a member of BESTAXCA International Limited, we offer both a local perspective and a global reach through our member companies on six continents.
How often should business organizations conduct audits?
External audit / statutory audit is often done annually. However, this can be done quarterly or semi-annually based on specific needs.
Are there regulatory requirements for auditing financial statements in the UAE?
UAE regulations generally require an entity’s financial statements to be audited. Some authorities also require audited financial statements to be submitted within a certain time frame.
What criteria are determined by audit committees?
Audit fees generally depend on the time required to complete the audit, which in turn depends on the complexity and scope of the operations being audited.
How does BESTAXCA guarantee audit quality?
BESTAXCA is dedicated to a culture where quality comes first. We provide high-quality professional services that include valuation, combining technical expertise and industry experience, while maintaining integrity and independence. The combination of our size, depth of experience, state-of-the-art technology, infrastructure and service philosophy helps us deliver quality services to our clients. Regular communication with clients ensures a quick response to cases.
We encourage all our employees to participate in technical conferences organized by various professional organizations. Partners and managers regularly attend international seminars/webinars to stay abreast of the latest developments in the audit field.
In addition, we regularly conduct internal training courses to inform our employees about International Standards on Auditing (ISA), International Financial Reporting Standards (IFRS) and local regulations.
Why should multinational clients contact BESTAXCA?
Companies associated with BESTAXCA have 400 offices. 220 member companies operate under the BESTAXCA brand in 150 countries on 6 continents and employ over 20,000 professionals. The BESTAXCA international network represents the global quality standard for our clients. “Local knowledge, wherever you are” – this is the promise.
Affiliated companies of BESTAXCA International Limited share the same commitment: high-quality services, managed by partners, tailored to each client’s needs, and based on local experience. At the same time, membership in the network enables the exchange of knowledge, experience, and skills that are vital for our customers who operate in multiple locations.
