Auditing

Auditing & Assurance

Al Kashif, we provide a value-added auditing service that emphasizes delivering significant benefits to our clients, rather than simply complying with regulations. Our experienced team focuses on enhancing your business through comprehensive financial audits and strategic risk assessment. Contact us today for our impactful auditing services in Dubai

Audit Service Details

Our deliverables typically consist of reports to the audit committee on crucial risks, the design and implementation of internal controls over financial reporting, IT controls and IT audit reports on transactions and processes, analytical procedures designed to explain significant differences between actual and expected performance, reporting in accordance with International Standards on Auditing, review engagements, assurance engagements, and related services.

Innovative & Reliable Approach

At Al Kashif Tax Consultancy, we provide a reliable and creative approach to audit. Our audit strategy places a strong emphasis on risk management, IT assurance, data analytics, and financial reporting because we understand the essential significance of internal control over financial reporting.

Benefits of Auditing

The main goal of an audit is to offer an unbiased assessment of your annual financial statements. Although many people see it as a necessary evil, conducting an audit can have a significant impact if approached in the right way.

Enhancing Your Systems & Control

Working in a firm all the time can result in concentrating on specific problems while failing to grasp the wider picture. We are able to provide ideas for improvement that could not have otherwise been thought of because we are examining the company from an entirely independent viewpoint.

Risk Awareness

Regardless of size or industry, risk and governance are becoming increasingly critical in many firms. Owners need to manage all sorts of risk, from strategic to regulatory, operational to financial, even more actively. The best method for ensuring that the appropriate mechanisms are in place to manage any potential risks is an audit.

Satisfying Third Party Requirements

Our business audit provides assurance to third parties and owners that the company is in excellent shape. It empowers stakeholders, including shareholders, banks, suppliers, customers, and staff, to make well-informed decisions regarding the organization’s current performance and future interactions. Gain peace of mind when investing, providing financing, or conducting business with our organization.

What is an Auditing?

A physical check to ensure that all departments are adhering to a documented system of recording transactions is followed by an audit, which is an examination of any organization’s books of accounts by an auditor. It is carried out to make sure that the organization’s financial accounts are accurate. Before disclosing their results for any quarter, all publicly traded companies are required to have an independent auditor audit their financial statements.

Assurance in Auditing Process

The process of assessing and evaluating accounting entries and financial data is known as assurance. The process of assurance involves confirming that the records present in the company’s accounting record are in accordance with accounting standards and principles. It also establishes whether the accounting record is correct or not. Assurance’s primary goal is to verify the veracity of financial data. Additionally, it provides reassurance to all parties involved that there has been no fraud, misuse of funds, misrepresentation of financial data, or other illegal activity committed within or on behalf of the company. Assurance that financial reporting adheres to accounting principles and standards.

The top audit and assurance services in the UAE are available to our clients through Al Kashif. To address the auditing needs of our clients, we have a team of qualified and experienced specialists. Our highly qualified employees have multi-industry experience in a number of different countries. In every financial profession, it is our goal to give every customer the value they need and deserve.
We are dedicated to providing our clients with the best audit and assurance services.

Tax Auditing Service

Tax Audit in Dubai is conducted by the authority to check whether the tax liability is paid within the due date and whether such liabilities are properly arrived as per the provisions. It is the responsibility of a taxable person to comply with the requirements of the provisions of the tax laws. As TAX experts guide and support the taxable persons in the UAE to comply the tax requirements so that the business will be ready to face tax audit at any time by the authority.

We review your accounting software or records in the company like:

  1. Tax Invoices
  2. Tax Credit Notes
  3. Accounting on Reverse Charge (RCM while Importing goods / Services into the UAE)
  4. Calculations of Output Tax
  5. Recordings of Input Tax

Outsourcing Benefits

  1. Reliable and Trustful Reporting
    Independency
    Effective and Accurate
    Cost and Time Saving

Government authorities accept audited statements as true and fair for the purpose of taxation.
An Audit adds credibility to published information for customers, suppliers, investors, and tax authorities.
An Audit provides assurance to shareholders that the figures in the accounts show a true and fair view.
An Audit builds up the reputation of the company.

Stock Audit

It is the physical verification of the inventory. A stock audit report is used to document the details or information about the existing stocks of the business that has been gathered during a stock audit. Annual stock audit reports provide important details that are used by businesses in their financial statements.
Al Kashif offers stock auditing services. We have a team of professionals and executives with abundant exposure in various industries.

 

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