Standard Auditing Process

audit firms in dubai

Auditing Process 

Auditors have a very important job. They help firms assess internal guidelines and policies, evaluate operating performance, and determine whether the policies are in line with the regulatory procedures and requirements. Aside from that, they also evaluate financial reporting process and accounting tools and systems as a way to determine whether the financial statements are accurate or not. 

With that, certain auditing processes should be taken into consideration. These are:

* Review the operating environment

* Internal controls testing

* Account testing and detailed balance

* Analytical procedures

* Risk assessment

Review the Operating Environment

An auditor’s job is to evaluate the business entity’s operating environment. This would allow him to determine the crucial factors that affect the operations. This could range from internal to external, and short to long-term factors. Likewise, an audit specialist should also review the organization’s activities and ensure that most of these are legal and comply with the regulatory rules set by the government. For external factors, this could be comprised of the governmental mandates, business practices, industry trends, as well as economic sector outlooks. On the other hand, internal elements that could have an impact on the company’s activities could be senior management’s leadership ethics, style, human resource procedures, and safety policies or occupational health.

Internal Controls Testing

Auditors should also review the firm’s policies, procedures, and internal control. Aside from that, they should also evaluate the operating performance, detect risk trends, and determine the human resource guideline. They must use the operational knowledge in order to evaluate the efficiency and the control designs. Controls are specifically and adequately designed if goals, decision-making processes, and step-by-step procedures are clearly presented. This is considered to be very important, because effective controls could prevent the occurrence of mistakes and flaws for which they are designed. With that, auditors are tasked to focus on controls in “high-risk” areas and cooperate with segment managers as a way to correct the deficiencies detected. For example, an auditor could review the plant’s safety handbook, assess detailed step-by-step procedures and give an advice to the management, asking him to modify the procedures, because they don’t follow the regulatory guidelines one must comply with.

Account Testing and Detailed Balance

An auditor’s job is to give extra attention to detail on balances and accounts. They should monitor if the operating procedures and controls are either weak or high. Whatever the findings may be, they should report these financial statements, especially if it seems to be inaccurate. Aside from that, they could also focus on the income statement key accounts or balance sheet instead. This could be expenses, sales, accounts receivable, accounts payable, and cash. The balance sheet is a type of financial statement that presents the firm’s debts, assets, and owner’s equity at the end of each quarter. Furthermore, the income statement should also present the firm’s revenues and loses periodically. For instance, an auditor should review the details of a firm’s revenue account in order to verify if the sales and customer discounts are accurately recorded, without any discrepancies.

Analytical Procedures

Analytical procedures help the auditors in determining and confirming the relationship between balances or financial statement accounts, compare current and historical data, assess key operating trends, and assess accuracy in financial reporting. Additionally, auditors should also ensure that the financial information is thoroughly prepared and reported professionally in accordance with accounting principles, as well as regulatory guidelines generally accepted in industries in which the organization is currently operating. For instance, an auditor should know that receivables, sales, and non-collectable accounts in the balance sheet are linked to each other. Then, he should verify whether these sales revenues, excluding the discounts, are really consistent with the non-collectable amounts as well as the customer receivables.

Risk Assessment

Auditors evaluate if the business is at risk, through reviewing the internal controls, guidelines, internal policies, and deter risk trends in a firm’s segment. They’re tasked to work in accounting, risk management, and even in the corporate finance departments in order to evaluate the risks and exposures across activities and business lines like operational and financial risks. Keep in mind, the financial risks are always market-and credit-related. This risk is associated to losses incurred because of price fluctuations in securities markets, and business partners because of bankruptcies. On the other hand, operational risk is comprised of information systems, reputation, regulatory and legal risks. The auditor should evaluate the firm’s risk profiles and delegate “low,” “medium,” and “high” ratings of areas evaluated and designate testing resources.

Looking For The Top Auditors in Dubai ?

Alya Auditors provides all kinds of Auditing including Forensic Auditing & Accounting,Due Diligence Auditing ,Statutory Auditing & Concurrent Auditing. Alya Auditors provide all services for clients in DMCC and all other free zones. Alya also combines the use of advanced software with the guidance of accounting professionals. We provide professional services in the field of Auditing, Accounting, Company Formation & VAT Consultation etc.Our customers benefit from a team of trusted, in-house experts ready to meet your accounting needs.

Our powerful software integrates with a variety of accounting software partners, such as  Xero,Tally and Quickbooks, to automate monthly reports and free you to focus on the success and expansion that you strive for with your small business.

When you are ready to hand off the chore of accounting and focus on the business you love, Alya is your financial headquarters. We have powerful software that can save you time and money to get started today.

Steps For a Successful Audit

Steps For a Successful Audit in Companies

Steps For a Successful Audit in Companies

An audit is the examination of the financial report of an organisation – as presented in the annual report – by someone independent of that organisation. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes.

If preparing for your upcoming audit seems daunting, you’re not alone. Many of us feel a sense of dread at fiscal year-end. We’ve compiled our best tips to help you have a smooth audit: 

1. Plan ahead.

Devote additional time both prior to and in connection with year-end close to adequately prepare for the audit, to be available during audit fieldwork, and to communicate with those involved in the audit process. Proper planning and clear expectations will help minimize anxiety and frustration. To be ahead of the curve, treat audit preparation as a year-long process. By keeping schedules and reconciliations up-to-date throughout the year, you can reduce the time it takes to prepare for the audit at the end of the year. Also, maintain an open line of communication between the organization and the external auditors during the year rather than waiting until the audit to discuss new or unusual transactions. This will minimize surprises and allow the organization to make appropriate plans or necessary changes. 

2. Stay up-to-date on accounting standards.

New accounting pronouncements may affect your organization’s audit. You will want to stay up-to-date because you may need to manage or track data in a different way (for example, by updating documentation or reorganizing the chart of accounts) in order to implement new standards. Also, be sure to assess whether accounting personnel require any additional training or information in order to implement the new requirements. To go straight to the source, refer to the Financial Accounting Standards Board’s website, fasb.org, to determine which new accounting pronouncements are effective for the year under audit.

3. Assess changes in activities.

Did the organization start a new program or receive a new grant?  Are there any new reporting requirements? Were any activities discontinued, or were there any impairments?  Were there significant changes in internal control systems? Such changes in activities may trigger accounting and reporting considerations that should be communicated to the auditor during the planning process. 

4. Learn from the past.

Take stock of any prior year audit adjustments, internal control recommendations, or struggles encountered during prior audits. These can be a starting point for self-review and a memory-jogger to insure these issues are not repeated. During the planning meeting with the auditors, discuss what went well during last year’s audit and where there may be opportunities for improvement or more effective communication between the organization and the auditors. 

5. Develop timeline and assign responsibility.

Review the list of workpapers and schedules requested by the auditors, making sure to obtain clarification of requested information when necessary. Assign each item from the list to a responsible person and include a due date. Make sure to allow adequate time for review and correction of schedules if necessary.  Tackle the most difficult, complex, or time-consuming areas first when possible. The drafts of the financial statements, schedules, workpapers or other items requested by the auditor should be available on or before the first day of audit fieldwork. 

6. Organize data.

Create a repository of audit schedules that can be accessed in future years by the appropriate personnel.  Consider creating subfolders for significant transaction cycles or categories, such as cash, revenue and receivables, expenses and payables, investments, fixed assets, debt, etc. to make it easier to manage and retrieve schedules. Schedules and workpapers containing sensitive information, such as payroll, may need to be password-protected or maintained in an appropriately restricted network location. 

7. Ask questions.

If an item requested by the auditor is unclear, ask for clarification prior to the start of fieldwork to avoid potential delays. Auditors are generally happy to answer accounting questions regarding unusual or infrequent transactions the organization may need assistance in accounting for. Also, ask questions of those within the organization to obtain information necessary to prepare required footnote disclosures.  Such discussions could include significant accounting estimates, pending or threatened litigation, related party transactions, commitments and contingencies, and other topics necessary to prepare required footnote disclosures. 

8. Perform a self-review.

Once all year-end closing entries are made, review schedules and workpapers to ensure amounts agree or reconcile to the trial balance. Take a step back and assess the overall financial statements for reasonableness. Also read and update the notes to your financial statements, and refer to a disclosure checklist to make sure you have included all the required information. Be prepared to explain financial statement line item variances from year to year or from budget to actual. 

9. Be available during fieldwork.

Avoid key personnel scheduling time off during the audit, and consider rescheduling or postponing non-critical meetings for finance and accounting staff heavily involved with the audit. Although most of the schedules and workpapers will have been requested by the auditors prior to the start of audit fieldwork, understand that the auditors will be asking for additional information, including supporting documents and explanations, throughout fieldwork. Consider having brief status meetings or obtaining an open items list from the auditors at logical intervals during the engagement to track progress. 

10. Evaluate results.

Maintain communication with the auditors during the time between fieldwork and the issuance of the audit report. If there are any open items at the end of fieldwork, establish agreed upon dates for the information to be provided to the auditors whenever possible. If the auditor is to attend meetings  with the audit or finance committee and/or board of directors, confirm that the auditor has the date, time, meeting location and other pertinent details of the meeting. Consider holding a post-audit closing meeting with employees involved in the audit to communicate results and solicit feedback. 

Looking For The Top Auditors in Dubai ?

Alya Auditors provides all kinds of Auditing including Forensic Auditing & Accounting,Due Diligence Auditing ,Statutory Auditing & Concurrent Auditing. Alya Auditors provide all services for clients in DMCC and all other free zones. Alya also combines the use of advanced software with the guidance of accounting professionals. We provide professional services in the field of Auditing, Accounting, Company Formation & VAT Consultation etc.Our customers benefit from a team of trusted, in-house experts ready to meet your accounting needs.

Our powerful software integrates with a variety of accounting software partners, such as  Xero,Tally and Quickbooks, to automate monthly reports and free you to focus on the success and expansion that you strive for with your small business.

When you are ready to hand off the chore of accounting and focus on the business you love, Alya is your financial headquarters. We have powerful software that can save you time and money to get started today.

Benefits of Statutory Auditing For Companies in UAE

Statutory Auditors in Dubai,UAE

Statutory Audit Benefits For Companies in UAE

Statutory audit, also known as financial audit, is one of the main types of audit which is to be done as per the statutes applicable to the entity and its primary purpose is to gather all relevant information so that the auditor can give his opinion on the true and fair view of the company’s financial position as on the balance sheet date.

  • The purpose of the statutory audit is to Auditor has to give his view independently without being influenced in any manner. He will check the financial records and will give his opinion thereon in the audit report.
  • The statutory audit will help the stakeholders to rely on financial statements. Stakeholders other than shareholders also get benefited from the statutory audit as they can take their call based on the accounts as they are audited and authentic.

Advantages of Statutory Audit

  1. It increases the authenticity and credibility of financial statements as the financial statements of the company are being verified by an independent party i.e., the auditor.
  2. It confirms that management has taken due care while delivering their responsibilities.
  3. It also states regarding the compliance with the non-statutory requirements like corporate governance etc.
  4. The auditor also comments upon the strength of internal control within the organization along with internal checks among the departments or segments. He also suggests the area where internal control is weak and prone to risk. It helps the company to mitigate the risk and results in improvement of the performance of the company.
  5. The financial statement of the small company for whom audit might not be applicable get more values if it is audited one because with the help of the audited financial statements it becomes easier for the companies to get banking loan and other types of facilities on producing of financial statements which are audited by an independent auditor as the audited statements are more reliable and authentic.

Looking For Approved Auditors in Dubai ?

Alya Auditors provide all services for clients in DMCC and all other free zones. We provide all kinds of Auditing including Forensic Auditing & Accounting,Due Diligence Auditing ,Statutory Auditing & Concurrent Auditing. Alya also combines the use of advanced software with the guidance of accounting professionals. We provide professional services in the field of Auditing, Accounting, Company Formation & VAT Consultation etc.Our customers benefit from a team of trusted, in-house experts ready to meet your accounting needs.

Our powerful software integrates with a variety of accounting software partners, such as  Xero,Tally and Quickbooks, to automate monthly reports and free you to focus on the success and expansion that you strive for with your small business.

When you are ready to hand off the chore of accounting and focus on the business you love, Alya is your financial headquarters. We have powerful software that can save you time and money to get started today.

Things To Be Done Before An Audit

Things To Do Before An Audit in UAE,DMCC

Documents Needed For An Audit

statutory audit is an examination of an entity’s financial records in accordance with the requirements of a government agency. A number of organizations must undergo statutory audits, including the following: Banks. Brokerage firms.

Before planning for statutory audit, we need to keep ready important document for audit. Here is list of important documents.What documents required by auditor at the time of audit?

SR NODOCUMENTATION
1AUDIT ENGAGEMENT LETTER
2OPENING TRAIL BALANCE 
3LAST YEAR SIGNED FINANCIAL STATEMENT
4COPY OF CAMPUTATION OF INCOME OF LAST YEAR
5SHAREHOLDING PATTERN
6LIST OF DIRECTORS
7LIST OF KMPs
8REGISTER 301 EXTRACTS
9MINUTES OF MEETING
10FORM 26AS
11FIXED ASSETS REGISTER
12INVOICE OF ADDITION TO FIXED ASSETS
13INVOICE OF SALE OF FIXED ASSETS
14TDS PAYMENTS CHALLANS
15PF/PT/ESIC/MLWF(WHICHEVER APPLICABLE) PAYMENT CHALLANS
16ADVANCE TAX PAYMENTS CHALLANS
17RETURNS COPY 
18LOAN PAYMENT SCH. & LOAN CONFIRMATION LETTER
19CASH BALANCE CONFIRMATION LETTER ALONG WITH DENOMINATION
20BANK BALANCE CONFIRMATION
21OUTSTANDING ENTRY PASSED:PROVIDE SUPPORTING XEROX COPY
22LIST OF RELATED PARTY AS PER AS18
23LEDGER OF RELATED PARTY FROM TALLY HAVING TRANSACTION
24CALCULATION OF FOREIGN EXCHANGE PROFIT/LOSS
25CASH LEDGER WITH TRANSACTION MORE THAN Rs. 20000/- 
26SECTION 274(1)(g) OF CO. ACT: REPRESENTATION FROM DIRECTOR FOR QUALIFICATION
27STATUS OF PENDING INCOME TAX ASSESSEMENT
28DRAFT FINANCIAL STATEMENT
29MANAGEMENT REPRESENTATION LETTER
30ANY CHANGE IN MOA/AOA
31CERTIFICATE UNDER SEC. 40(A)(3) & 269SS & 269T OF INCOME TAX 
32COPY OF ANNUAL RETURN FILLED WITH MCA
33CALCULATION OF DIRECTOR REMUNERATION AS PER COMPANIES ACT
34SECTION 383A: SECRETARIAL COMPLIANCE CERTIFICATE
35SHARE APPLICATION PENDING REFUND

Looking For DMCC Approved Auditors in Dubai ?

Alya Auditors provide all services for clients in DMCC and all other free zones. We provide all kinds of Auditing including Forensic Auditing & Accounting,Due Diligence Auditing ,Statutory Auditing & Concurrent Auditing. Alya also combines the use of advanced software with the guidance of accounting professionals. We provide professional services in the field of Auditing, Accounting, Company Formation & VAT Consultation etc.Our customers benefit from a team of trusted, in-house experts ready to meet your accounting needs.

Our powerful software integrates with a variety of accounting software partners, such as  Xero,Tally and Quickbooks, to automate monthly reports and free you to focus on the success and expansion that you strive for with your small business.

When you are ready to hand off the chore of accounting and focus on the business you love, Alya is your financial headquarters. We have powerful software that can save you time and money to get started today.

How to Increase the Efficiency of an Internal Auditor

Internal Auditors in Dubai

Ways to Increase the Efficiency of an Internal Auditor

Who is an Internal Auditor ?

An internal auditor (IA) is a trained professional employed by companies to provide independent and objective evaluations of financial and operational business activities, including corporate governance. They are tasked with ensuring that companies comply with laws and regulations, follow proper procedures and function as efficiently as possible.

Communication skills are critical to an internal auditor’s success. According to the Institute of Internal Auditors’ (IIA) 2011 CBOK study Core Competencies of Today’s Internal Auditor, of 11 competencies surveyed, communication skills ranked first and second for internal audit staff and managers. In addition, the IIA’s 2015 CBOK Study Ten Imperatives for Internal Audit showed over 50% of CAEs stated that communication skills are a top attribute they seek in new team members.

1. Stop Relying on Email

Email should be used to delegate routine tasks and keep people informed of ongoing activity. When email is used to teach or obtain a commitment for action, confusion and indifference normally follow.

For example, internal audit seniors can be more effective when teaching staff new audit procedures, instead of emailing instructions to them. Sending instructions by email can take twice as much time than having an in person meeting. And even when instructions are explicitly clear, they may not be clear to someone with less experience. The staff may struggle to understand what exactly needs to be done, or worse, waste their time doing something that doesn’t need to be done.

For me, the “material weakness” of all communication breakdowns commonly occurs during fieldwork when additional documentation requests are emailed. The email is then followed by three to four days of radio silence. When asked about the hold up, the internal auditor’s response includes: “But I sent an email asking for the documentation. I’m waiting for her to get back to me.”

A face to face meeting, or at least a phone conversation, requires the other party to commit to an action. In this case, the internal auditor can verify that the audit customer will send the requested documentation at a specific time, inform them that they are not the right person to pull the document, or in the best case scenario, remind them that they’ve already sent the documents.

2. Anticipate Your Stakeholder’s Needs

Internal audit seniors and managers have many stakeholders, including staff, their managers, their CAE, and the audit customer. If the audit manager takes a moment to analyze what most of their stakeholders want, a common theme should arise. It’s more information.

An internal audit kick-off meeting is a perfect example of a stakeholder in a position to want additional information. A kick-off meeting is usually held at the beginning of an audit fieldwork where the audit team introduces themselves to the department involved in the audit, and provides information about the audit’s scope and objectives, the audit team, and a summary of the remaining parts of the audit (e.g. status updates, the exit meeting, and when the draft audit report are due).

An audit manager anticipating the needs of the department being audited may include additional details about audit. These details may include why the department is being audited, what is the role of the internal audit process, what happens when potential issues are identified, who the audience of the audit report is, and what happens if the customer disagrees with the audit team’s opinion.

The internal auditor that considers what information a stakeholder may want before meeting with them will be more effective with their time, help their stakeholders be more efficient with their time, and separate themselves from their peers.

3. Keep Meetings Short and on Topic

The purpose of a meeting is not to brainstorm, and inform attendees everything you’ve learned or accomplished on your most recent project. Meetings should provide a status update on a project, or obtain commitment or consensus on a key task. If you want your customer to be involved, do not waste their time by sharing irrelevant and un-actionable information during audit meetings.

At the end of audit fieldwork, most audit teams will hold an exit meeting with their customers to obtain a final consensus on any control issues identified, and a commitment to the agreed upon action plan. Of all of the meetings held during the course of an internal audit, the exit meeting is most likely one that is well attended and attended by senior management.

So, what normally happens at these meetings? The meetings start with the lead auditor rehashing the entire scope of the meeting, all of the meetings held, and thanking the customers for their work. If difficult items are needed to be discussed, they are prefaced with everything that went well during the audit. While none of these talking points are necessarily wrong, what is troublesome is that 20 minutes of the meeting has been used to get to the points of the meeting.

How can this be fixed? To start, create a meeting agenda and stick to it. Put the most important tasks, in this case, agreement on identified issues and management’s action plans, at the top of the agenda. To increase the likelihood senior management agrees to the proposed action plans, successful internal audit departments train their audit managers to verify individual issues individually with the process owner(s) before the meeting.

For items that still need to be vetted, it is okay to share these with senior management, but state that additional information needs to be obtained and analyzed before the full issue is presented to them. While some of these steps may take more time to complete the overall audit, the senior managers should appreciate your willingness to help them make decisions, opposed to creating solutions.

4. Don’t Rely on Technical Jargon

“Risk appetite,” “significant deficiency,” “key control,” “high-risk,” and “DRL” are all terms most internal auditors are well-versed in, however, these terms may mean something completely different, or nothing at all, to our customers and stakeholders. Internal Auditors and CAEs who rely on technical jargon and acronyms to get their point across run the risk of confusing their audience, and decreasing the odds of getting buy-in into whatever it is they are trying to accomplish.

A common feature of most internal audit risk assessments is interviews with senior managers. And a common feature of these interviews is for the CAE to ask the senior managers what they consider high-risk. While this practice may identify pertinent organizational risks, it may also identify areas that are only important to the interviewee, and not the entire organization.

The CAE’s risk conversations may also be incorrectly interpreted based on the interviewee’s understanding of risk. For example, a high-risk item to a Chief Compliance Officer may be perceived to be of little or no risk to an Engineering Vice President.

The CAE who takes the time to explain what “high-risk” means will spend less of their audiences’ time to get the answers they are looking for. A lot of CAEs do this by classifying high, medium, and low risks based on negative financial impacts, impacts to business continuity, or hits to the company’s brand.

Furthermore, with an increased understanding, the interviewee may be able to provide more information than what the CAE was looking for, thereby, saving them time spent on future projects. Seasoned CAEs will agree that their best allies are usually the senior managers who better understand what it is Internal Audit is attempting to accomplish.

And in this instance, the CAE who proposes an audit plan based on senior management’s common understand of risk will be more likely to be seen as understanding the organization, and its key risks.

To Enable Positive Change

The intelligent auditor knows that to increase their effectiveness, their communication skills must mature. And if the internal auditor continues to focus on being less ambiguous, more concise, and anticipating their customer’s needs, it will increase the chances of management asking internal audit for more help. In turn, these new projects provide internal audit identify more opportunities to enable positive change in their organization.

Looking For Internal Audit Services in Dubai,UAE ?

1. Auditing Services
We provide year-end annual audit for many DMCC companies at reasonable fee. Our fees are reasonable and affordable by all types of companies.

2. Part Time Accounting Services
We provide Part-time Accounting Services for companies in DMCC Free Zone. You can hire a qualified and experienced part-time accountant from us and minimize your expenses by eliminating your personnel cost.

For More Details : Please visit us on : www.alyaauditors.com or write us to : audit@alyaauditors.com

For Financial Statement Audit,
Alya Auditors
3204, Park Lane Tower, Business Bay, Dubai
Phone : +971 4 876 9377, Mob : +971 52 4754007,+971 52 975 0690

The benefits of internal audit to a company’s performance

Audit Firms in Dubai

Internal Audit & Its Impact on Company’s Performance

Internal audit can play a vital role in improving the performance of a company. Internal auditors assist companies in identifying key risk factors. This enables the company to anticipate potential future concerns as well as identifying current weaknesses. It also enables a company to identify processes and controls that are not working effectively and allows an opportunity to improve on these.

What is internal audit? The role of internal audit is to provide assurance that a company’s risk management, governance and internal control processes are operating effectively. Internal auditors must be independent from the operations they evaluate and report to the highest level in a company – senior managers and Board of Directors or the audit committee. Internal auditors work with management to review systems and operations. These audits identify how well risks are being managed by the company and whether the right processes are in place, and whether procedures are followed. Internal Auditors evaluate the controls a company has in place. They also identify areas where improvements might be made and where procedures might be done more efficiently.

WHAT ARE THE BENEFITS OF INTERNAL AUDIT FOR A COMPANY? 

It assists management to improve internal controls by identifying weaknesses in systems and provides an opportunity to correct those weaknesses. Internal auditors deal with issues that are important to the continued existence and prosperity of any company. This is done through a combination of assurance and consulting. The assurance part includes informing managers and directors how the systems and processes put in place by management are working. Consultation then takes place on how to improve these systems and processes where necessary. This provides directors and senior management with assurance that assists them in fulfilling their responsibilities to the company and its stakeholders. It also provides the directors and management with a way of showing shareholders and other stakeholders that they are managing the company effectively on behalf of the shareholders by evaluating important risks and highlighting where improvements are necessary.

WHAT IS THE DIFFERENCE BETWEEN INTERNAL AUDITORS AND EXTERNAL AUDITORS? 

External auditors report to shareholders or other stakeholders who are outside the company’s governing body, whereas internal auditors report to the Board of Directors and senior management of the company. Internal auditors will evaluate and recommend ways to improve the effectiveness of a company’s control processes. Internal auditors are usually company employees and are responsible to the company’s management. However, a company which does not have an internal audit function, could hire professional internal auditors to perform internal audit services. Internal auditors will examine issues related to company business practices and risks, while external auditors examine the financial records and issue an opinion regarding the financial statements of the company. External auditors work for an independent audit firm and are normally appointed by a shareholder vote and as such are responsible to the shareholders. 

Internal auditors provide assurance on whether a company’s risk management, governance and internal control processes are operating effectively by evaluating and recommending ways to improve the effectiveness of a company’s control processes. They report to the Board of Directors and senior management and are responsible to the company’s management. This assists management to improve those controls and show shareholders and other stakeholders that they are managing the company effectively.

Audit Firms in Dubai

Alya Almarzooqi Auditing is a dynamic & innovative medium sized firm (leading chartered accountants firm) lead by a team of professionals and  with a staff compliment of more than 15 , listed in DMCC  and approved by all the major free zones including DWC,JAFZA,Maydan etc.with the head office at Business Bay and a branch at SAIF . A network of national offices provides clients with value-added services focused on business improvement and growth within specialist sectors.

Alya Almarzooqi’s diversity of professional skills, resources and experience can be leveraged across a wide range of client engagement situations.