Compliance Auditing Services in Dubai

Helps the company to be prepared with the proper documentation and follow-up processes to correct any deficiencies are essential to passing any audit.

If a competitor experiences a security incident, analyze your internal systems and ensure all access into your network is protected. Trouble at another company within your industry may prompt compliance auditors to investigate your organization for similar security inefficiencies.

It’s estimated that up to 30% of the UAE’s businesses are subject to fraud, error and corruption. Workplace fraud can occur for years without being detected and can be so substantial that some businesses never recover financially or repair their reputations. An audit can be an effective tool for identifying fraud and opportunities to commit fraud. Experienced auditors are skilled at pinpointing weaknesses in an organisation’s systems and controls and suggesting ways to strengthen these to prevent fraud occurring.

An audit confirms the accuracy of an organisation’s financial statements by analysing its financial transactions. It’s a detailed process and can result in certain types of income, expenditure, assets and liabilities being scrutinised. This critical examination, coupled with the auditor’s financial expertise, can then be used by business owners for better financial planning, budgeting and financial decision-making for the future.

A thorough, in-depth audit takes an impartial look at your organisation’s internal systems and controls. This means it’s an ideal opportunity for the auditing experts to suggest improvements that can make your business more efficient. Ways to improve internal controls, business systems, accounting practises, efficiencies, governance and culture can all be identified through the audit process.

Historically, companies might have had days or weeks to furnish documentation requested by a regulator. Now, compliance auditors expect companies to product documents quickly, even on-demand in some cases.