Audit Firms In Dubai

Both audit and accounting have their own roles to play in the world of finance. Audit can be best defined as a subset of accounting, which is basically keeping a record of all financial transactions and computing taxes as applicable. Audit verifies the accounting process(es), making sure that all entries are correct and have been made as per the financial reporting regulations in that particular country. 

Because some companies have international operations, they follow IFRS or International Financial Reporting Standards to bring about an element of uniformity. A&A Associate LLC is one of the leading accounting companies in Dubai. We are also approved auditors for free zones in Dubai and the rest of the United Arab Emirates. Although an annual audit is not mandatory in free zones, some free zones require companies established there to undergo an audit every three years. 

Irrespective of whether yours is a multinational organization or a small business, it is important to keep track of all your financial transactions. This is precisely what accounting seeks to accomplish. It can also provide you with an insight into your company’s performance. For instance, if you pay your suppliers on time, this can encourage them to be prompt with their services. This in turn leads to increased efficiencies across your company. You can Google “accounting firms near me” to find a good accounting firm that will assist you with your accounting and audit requirements. 

In fact, better financial operations and transparency might also encourage your suppliers to be increase the line of credit currently being extended. This can help you do more business and make more profits. So accounting helps with the long-term planning at any company. At A&A Associate LLC, we understand that accounting and audit is not everyone’s cup of tea. So if you outsource your accounting and audit requirements to us, we will take care of it so that you don’t have to. 

This way, you can focus on doing what you do best – running your business. 

Auditing checks if accounting has been done right. If a junior accountant has computed taxes incorrectly, a good auditor would be able to catch this mistake and preventing you from paying more by way of taxes to the Government. The reverse is also true – if the computed tax amount is less than what it should be, you might not only have to pay the difference later, but also a penalty for the late payment. And interest on the late payment as well. Auditing can also uncover attempted fraud by your employees. 

A&A Associate has been officially recognized as one of the top auditing firms in UAE. We follow best practices and Generally Accepted Accounting Principles or GAAP. With us, you will be able to track expenditure and income down to the last penny. We rely on our expertise to generate financial statements that accurately show the financial position of your company, so that investors and shareholders will have greater confidence in your organization. We help improve decision-making at your company. 

As one of the best audit firms in Dubai, we also offer payroll services. We take care of leave calculation and salary disbursal, so that your employees are paid on time. With timely and accurate debit of monthly pay, we make sure that no one is ever paid less than he/she should be paid. We also calculate overtime correctly, so that is no room for error. We also calculate end-of-service benefits so you are legally in the clear when an employee leaves your employment. 

As one of the leading audit companies in UAE, we help ensure statutory compliance with all Government agencies. We help you narrow down on potential areas of risk, so that your exposure to risk can be reduced. We further help you identify areas opportunity, so that you can take the next step forward in your business journey. We can install cloud-based accounting software on your computers so that your hardware resources are not taxed. Besides, the cloud is more secure when it comes to our financial data. 

We are one of the leading auditing companies in Dubai and our strength lies in our team of expert auditors and accountants in Dubai. They are all qualified and experienced professionals. We can be counted on to take care of all your bookkeeping, accounting and audit needs. We are also approved freezone auditors for many free zones in Dubai and the rest of the United Arab Emirates. For more details, please send us an email at [email protected] or give us a call at +971 56 408 6728. We look forward to partnering you in the next stage of your company’s growth.