External audit
Ensure Financial Integrity and Compliance with AVSC External Auditing Services
In today’s business landscape, maintaining financial transparency and compliance is crucial for building trust and achieving sustainable growth. At AVSC, we offer professional external auditing services in the UAE to help your business demonstrate its financial integrity and adherence to regulatory standards. Our expert auditors are dedicated to delivering thorough and objective audits that provide stakeholders with accurate and reliable financial information.
What is External Auditing?
External auditing involves an independent examination of a company’s financial statements and records by a third-party auditor. The purpose of external auditing is to verify the accuracy of financial statements, ensure compliance with accounting standards and regulations, and identify areas for improvement in financial practices. This process helps enhance credibility and trust among investors, regulators, and other stakeholders.
External Audit and Assurance Services
At AVSC, our External Audit and Assurance Services provide comprehensive audits of financial statements to ensure they comply with Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IASs), and International Financial Reporting Standards (IFRSs). Our rigorous audit process involves gathering and verifying accounting records, inspecting supporting documents, and performing other essential auditing procedures to provide high assurance levels.
Why Demand for Financial Statement Audits is Increasing:
Regulatory Compliance: Most UAE authorities, including free zones, require audited financial statements for license renewal.
Banking Requirements: UAE banks often require audited financial statements to assess the feasibility of approving bank facilities.
Supplier Credit Facilities: Major suppliers in the UAE request audited financial statements to evaluate the approval of credit facilities.
Legal Compliance: The proposed commercial companies federal law draft mandates fines for companies that fail to maintain proper accounting records for five years or intentionally hide their true financial position.
Legal Evidence: Audited financial statements serve as crucial evidence in supporting lawsuits and legal disputes involving the company.
Financial Reliability: They help management, owners, and external parties assess the company’s financial reliability and position.
Adherence to Standards: Audited financial statements ensure compliance with IASs and IFRSs, providing a high level of assurance.
Professional Advisory: Auditors act as professional advisors to the accounts department and management, offering best practices for accounting and internal control.
Our External Auditing Services
Financial Statement Audit
Ensure the accuracy and reliability of your financial statements with our comprehensive financial statement audit services.
Compliance Audit
Stay compliant with UAE regulations and industry standards with our compliance audit services.
Internal Controls Review
Strengthen your financial governance with our internal controls review services.
Fraud Detection and Prevention
Protect your business from financial fraud with our fraud detection and prevention services.
Special Purpose Audit
Get customized audit solutions with our special purpose audit services.
Why Choose AVSC for External Auditing?
Expertise in UAE Regulations
With extensive experience in Dubai and UAE’s business landscape, we ensure full compliance with local laws and regulations
Comprehensive Support
From initial consultation to final closure, we provide end-to-end support throughout the liquidation process
Customized Solutions
We tailor our services to meet the unique needs of your business, ensuring a smooth and efficient liquidation process
Transparent Processes
We maintain clear communication and provide regular updates, ensuring you are informed at every step
