​AUDITING SERVICES
What is an Audit?
In simple terms, an audit is a comprehensive examination of a company's financial affairs. It involves a thorough and impartial assessment of a company's financial statements to ensure their accuracy and reliability. The purpose of auditing is to verify that the financial records maintained by the business accurately represent the actual monetary transactions. This examination is carried out by accounting and finance professionals known as auditors.
The audit process can be conducted either internally by the company's own staff (Internal Auditing) or externally by an independent certified agency (External Auditing). Let's delve into both auditing processes in greater detail.
Frank & Frank stands out as a leading business setup service provider in the UAE, offering exceptional auditing services in Dubai and throughout the Emirates.
INTERNAL AUDIT SERVICES
Internal auditing is carried out by a team of auditors selected by the company with the aim of improving and elevating business operations. These auditors possess a comprehensive understanding of the company's operations and various financial processes.
Enhances overall efficiency
Trade License
Compliance with rules
EXTERNAL AUDIT SERVICES
An external audit is conducted by independent external auditors chosen by the company's shareholders. This process provides an impartial and precise evaluation of the company's financial standing. It's important to note that external audits are obligatory for all businesses registered in the UAE.
Mitigates miscalculations
Unbiased, precise financial report
Relevance of External Audit
Valid financial report document
​Credibility factor
