Audit and assurance service is one of the core services that every business need to track their financial transactions. More than just the records inspection and approval process, TFAB Audit and Assurance Services in UAE is focused on providing a transparent and systematic financial statement audits and other assurance services to give valuable insights into your business. Our professional auditors in UAE creates a precise, comprehensive, and balanced audit, ensuring compliance with the regulatory requirements. Availing proper audit services in UAE helps you ensure that your business is compliant with the UAE laws, regulations and accounting standards.
Significance of Audit in the UAE
Auditing in UAE has become mandatory in both the free zones and in the mainland. The authorities insist filing of audit reports as a compulsory requirement for renewing the license of the company in the Free-zones. An annual audit is required to be done in the mainland as per UAE commercial company law. The banks insist filing of an audit report for continuing the finance facilities wherever they have financed materially. Occasionally, suppliers or customers or other stakeholders ask financial audit report. After the execution of the UAE VAT, the management of a company will have an additional responsibility to corroborate the revenue through the audit report.
Getting expert audit services in UAE helps in measuring the financial stability of your company in the Emirates. It helps a business owner to form an opinion about the current processes of a business and also helps in making decisions about the future of the business. The audit report provided by audit firms outlines a precise and complete picture of the financial health of a company.