BMS Auditing is the top audit firms in UAE proposing all types of audit services in Dubai such as financial audit, internal audit, tax audit, stock audit and ICV audit. Audit Services are the foundation of the client business and enable the auditors to serve the public interest with trust and confidence.
Audit services refer to the accounting function provided by public accounting firms or certified public accountants (CPA) in businesses. Audits are the external review of the financial or business information of a company for various purposes.
Auditing Firms in UAE
The versatile team at BMS Auditing delivers high-quality audits, launching to provide value and clarity, thus delivering incomparable client service. Our adept and skillful auditors in UAE offer the finest audit services to ensure the trustworthiness and reliability of financials.
Companies use auditing services to assure the company stakeholders about the accuracy of their financial information or about the proper functioning based on the guidelines. These are the types of audit:
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- Internal Audit
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- External Audit
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- Financial Audit
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- Tax Audit
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- DMCC Audit
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- IT Audit
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Internal Audit
This audit type occurs within an organization. The business owner initiates the audit and another person conducts it. Businesses with shareholders or board members use this audit to update themselves on the finances of the business. An internal audit is ideal to check on the financial goals.
Here are the key reasons to conduct the internal audit:
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- Suggesting improvements
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- Managing the effectiveness
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- Ensuring the business compliance with laws and regulations
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- Reviewing and verifying financial information
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- Determining the risk management policies and approaches
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- Verifying operation processes
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External Audit
This audit is conducted by a third party, such as the accountant, or the tax agency. An external auditor is not connected to your business or any employee in your organization, however, he/she must follow the generally accepted auditing standards (GAAS).
As in internal audits, the primary goal of the external audit is to evaluate the accuracy of the accounting records. Investors usually require external audits so they could be confident about the accuracy of the data and information of their business.
Once your business is audited, the external auditors resent the audit report. These reports comprise the details of the entire process and the issues found.
Financial Audit
This is one of the most common types of audit, and these audits are mostly external audits. When the financial audits occur, the auditor analyses the integrity and accuracy of the financial statements of the business. Auditors in this process review the transactions, procedures, and balances. Following the audit, the third party submits the audit opinion about the business to the investors, creditors and lenders.
Tax Audit
Businesses must prepare themselves for the tax audit by the Tax Authorities. Tax audit will verify the liability of taxes by examining the accounting and bookkeeping records and VAT return filings that are maintained by the taxpayer. Tax audit analyses the goals, planning approaches, procedures and operational results of the company in terms of tax compliance such as VAT, Excise tax and Corporate tax.
Our Tax Audit in UAE are classified into three different types namely,
- Corporate Tax Audit
- Excise Tax Audit
- VAT Audit
DMCC Audit
The DMCC audit verifies the business policies and procedures to check if they follow internal and external standards. All DMCC companies are required to submit their audited annual financial accounts to the DMCC authorities by a DMCC approved auditor. Our expert team of auditors will analyze your DMCC Free Zone Company’s accounts and verify financial statements with the aid of supporting documents.
IT Audit
IT Audits bring a major impact on software or IT companies. You could use these audits to find issues related to software development, data processing and computer systems. This audit ensures providing the accuracy of information to the users and protecting the access of data from unauthorized parties. We offer IT audits on financial statements, that comply with IT policies and methods.
Audit Companies in Dubai UAE
The audit firms in Dubai would have a team of professional auditors who clearly understand your business and provide the auditing services on time. Here are some benefits of auditing services in UAE:
- Helps to maintain compliance and understand the business
- Assists while taking major decisions for the future of the business
- Helps in filing taxes and during the company liquidation
- Helps to detect fraudulent activities or wastage of resources
- Helps in enhancing the goodwill of the company
Our Auditors are approved by top Banks in the UAE and are also one of the best DMCC Approved Auditors. Our Freezone auditors are registered and approved with all the major free zones in the UAE and provide the annual report in the same manner as is required by the free zone. Being one of the top auditing firms in Dubai, BMS Auditing help your business through the audit process smoothly and efficiently. BMS UAE provides the best auditing services in Dubai, by focusing on delivering high-quality audit, that is responsive to business requirements, Contact BMS Auditing Dubai.
