Al Forel Accounting and Taxation LLC, a leading firm in Dubai and the UAE. We assist companies in achieving their business objectives by gaining a deep understanding of their organizational structure and internal processes. As auditing companies in Dubai and the UAE, we ensure adherence to UAE laws in maintaining financial accounts.
t is mandatory for every company to engage an approved chartered accountant firm licensed and registered with the Ministry of Economy to audit their accounts in accordance with the UAE Commercial Companies Law/Federal Law No. 2 of 2015.
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Types of Due Diligence Audit:
- Financial Due Diligence
- Commercial Due Diligence
- Operational Due Diligence
- Legal Due Diligence
External Auditing Service
External audits serve as an impartial evaluation of a companys financial statements, providing stakeholders with reassurance that the statements are accurate and free from significant errors. External auditors, as unbiased professionals, analyze the financial position and processes of the company. Engaging external auditors enhances credibility and mitigates the risk of improper accounting entries, ensuring the reliability of the companys financial reporting.
Statutory Auditing Services
A statutory audit is legally required audit that needs to be done to evaluate the company financial position and financial records. Generally, a statutory audit is conducted for the public. Statutory audit firms give review & monitor company accounts & accounting process to present a neutral and fair picture of the financial health of a specific company.
It is mandatory for the government organizations to get the accounts audited by regulated statutory auditors in UAE. The shareholders of a company can choose any registered statutory auditors or audit firms in UAE in general meeting.
Due Diligence Auditing Services
A due diligence audit involves assessing an organization to evaluate its financial health and performance. It provides insights into the companys competencies, target market, potential customers, and profit-making capabilities. Typically, companies engage due diligence audit firms to prepare an audit report during mergers and acquisitions. This report aids in informed decision-making, considering risks and opportunities. While due diligence audits can be legally mandated, they are commonly conducted voluntarily for comprehensive investigations.