We would hope that all audits carried out by all registered auditors are as reliable as each other. Generally, experience confirms this. The question might therefore be rephrased as: “Do some audits offer better value for money than others?” To this we can definitely say “yes”! There are two reasons why:
An efficient auditor deals with those areas which are important to the audit – the ones which might make a difference to how he reports. An inefficient auditor wastes time worrying about things that will make no difference to the accounts. An efficient auditor prepares by getting to know you, understanding your needs, so that during his audit he can focus his attention on matters that matter to the company, rather than matters that are of little interest to you.
No outsider will get to know your company as well as your auditor. There are rules that prevent an auditor getting involved in running your company, but there is nothing to stop an auditor advising you on the matters that come to his attention for the benefit of the company. And who better to help you solve the problems your company faces than the people who have just gone through the transactions for the last year and know exactly what is happening with your company?
ALYA Chartered Accountants – Certified Chartered Accountants Firm in Dubai,
To find out more, call us on +971 52 9750690 and speak to one of our audit experts.