Audit And Assurance
As a trusted audit firm, we leverage extensive experience and technical expertise to ensure the accuracy, transparency, and regulatory compliance of your financial statements. Our team of seasoned auditors provides high-quality assurance services tailored to the unique requirements of your business, helping stakeholders gain confidence in your financial reporting.
In the UAE, external auditing involves the independent examination of an organization’s financial statements by a qualified auditor. The primary goal is to deliver an objective and unbiased assessment of the financial information, ensuring it is accurate, reliable, and fully compliant with UAE accounting standards and regulatory requirements. Through our services, organizations can strengthen credibility, enhance governance, and support informed business decisions.
Key Aspects
External auditing in the UAE include:
External auditors are required to be independent of the organization they are auditing. This independence ensures that the audit opinion is free from any bias or influence, enhancing the credibility of the financial statements.
Auditors assess the risks associated with the organization's financial reporting processes. This includes identifying potential areas of fraud, error, or internal control weaknesses that may impact the accuracy of the financial statements.
Auditors in the UAE, as in other countries, assess whether the financial statements comply with applicable accounting standards, regulatory requirements, and legal frameworks. This helps in providing assurance to stakeholders that the financial information is reliable and trustworthy.
The external auditor issues an audit report expressing their opinion on whether the financial statements are presented fairly, in all material respects, and in accordance with the applicable financial reporting framework. This report is crucial for stakeholders, including investors, creditors, and regulatory bodies.
Auditors evaluate various assertions related to financial statements, including the completeness, accuracy, valuation, and presentation of financial information. This comprehensive examination helps in identifying any material misstatements.
In the UAE, external auditors need to adhere to the regulatory requirements set by the Emirates Securities and Commodities Authority (ESCA) and other relevant regulatory bodies. They may also need to consider industry-specific regulations.
Our External Audit Services Include:
Financial Statement Audits
Thorough examination of your financial statements to ensure accuracy, completeness, and compliance with accounting standards
Compliance Audits
Verification of adherence to relevant laws and regulations, helping you mitigate risks and avoid legal complications
Operational Audits
Assessment of your business processes and internal controls to identify areas for improvement and efficiency enhancement
IT Audits
Evaluation of your information technology systems to ensure data integrity, security, and compliance with industry standards
Specialized Audits
Tailored audit services to address specific needs, such as forensic audits, due diligence, and more
Benefits
Why Choose us
Industry Expertise
Benefit from our deep industry knowledge and understanding of the unique challenges faced by businesses operating in the UAE, ensuring a tailored approach to your audit requirements.
Professional Integrity
We uphold the highest standards of professional integrity, delivering objective and unbiased audit services that instil confident in your financial reporting.
Timely Reporting
Our commitment to efficiency ensures timely completion of audits, providing you with the information you need to make informed business decisions.
Client-Centric Approach
At Calculate Capitals, we prioritize a client-centric approach. Our team is dedicated to fostering open communication and collaboration throughout the audit process.
