IFRS 9 Audit: Implications and Best Practices
The implementation of IFRS 9 (International Financial Reporting Standard 9) affects how organizations account for fiscal instruments. This article explains the essential components of an…
Why Choose Us?
Audit Firms in Dubai
Audit Firms in Dubai is a brand of Farahat & Co, it is a leading accounting and advisory firm in the UAE. We dedicate ourselves to assisting companies of all sizes, high-net-worth individuals and non-profit companies to achieve their goals. Our auditors in Dubai are Certified Public Accountants who provide a complete spectrum of deep insights and tailored consultation to our valuable clients. Our expert team is well-versed in international audit standards, financial and management consulting, local legislation and international law, international and local accounting principles, corporate finance and taxation.
Our ethos is providing full-service auditing, accounting and advisory services to our clients by cultivating high-end solutions that enable businesses to thrive. To mention a few, we provide internal and external audit services, risk assessment, evaluations and assessments, quality assurance and special reviews. Essentially, our work approach assimilates International Financial Reporting Standards (IFRS) and we are committed to furnishing the highest level of professionalism.
Our Audit Services in Dubai
Forensic Audit
Since its inception in 1985 Audit Firms in Dubai have worked closely with companies to curb losses due to fraud and theft by helping them organise their internal controls. Certified forensic accountants with
expertise in forensic accounting and auditing analyse complicated financial statements and help determine the accuracy of the data through their technical skills and experienced judgement. Qualified CPAs help organisations resolve threats and gaps in their operational process by defying internal control measures and setting up a strategy to prevent malfeasance. Forensic audit services by audit firms in Dubai provide analytical reports of compliance violations and accounting irregularities that can be used for presentation in civil and criminal proceedings by the law enforcement of the various government authorities of the UAE
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Strata Audit
We have conducted strata audits in the UAE for several years. They focus on the critical risk areas saving your time and money. Strata auditing or owners association audit is growing exponentially in the UAE as it has become an international property investment hub for investors. Audit Firms in Dubai as a sub division of Farahat and Co is among the most preferred auditors for owner association or strata audits in Dubai. So if you
need a transparent, accurate and fair financial report of your strata scheme, Audit firms in Dubai have an impeccable record of providing the same even with strict annual general meeting (AGM) deadlines. Our strata management clients have saved tens of thousands of expenses every year, making us one of the preferred auditors by customers choice
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Real Estate Audit
Real Estate is a very well-known business in the UAE. We advise clients in connection with residential and commercial properties. We hold decades of experience in auditing real estate deals. Our consultation helps minimise the risk during a transaction, debt restructuring and various development projects; advisory Audit firms in Dubai also help consult international clients involved in purchasing property in UAE regarding foreign direct real estate investments.
A real estate audit is essential to verify and test the documentary evidence, disclosures of the amounts, and supporting financials.
Show moreStatutory Audit
Our best audit team is ranked among the best financial advisors and auditors in Dubai. A statutory audit is a mandatory audit carried out by companies in the UAE as per the government-provided timeline. Our experts have a high level of accounting and audit technical skills. We provide fair and transparent financial information while adhering to international standards and government regulations. Working in the capacity of statutory auditors, we emphasise compliance while evaluating the financial statements in accordance with the generally accepted auditing standards. Being one of the most preferred Top audit firms in Dubai, we support your organisation to complete statutory auditing within the given timelines and help you mitigate risks and manage resources and critical information
Custom Audit
Customised audit solutions provide a business process-oriented audit solution for your firm. Our skilled audit team defines issues in compliance under customised performance criteria. From third-party suppliers to customer loyalty enhancement audits, several areas of the business process that audit firms in Dubai provide 360 degree support. To ensure risk associated with specific business functions is recognised and managed cost-effectively. A custom audit is required to develop your company’s brand and maintain its reputation with proper internal controls.
Customised audit reporting allows companies to share accurate and in-depth information about the company’s financial health, thus helping in a better decision-making process. As a market leader, audit firms in Dubai are a preferred choice when it comes to building a custom audit process for an organization.
Company Audit for immigration to the UK, USA and Canada
Immigration audit is conducted for individuals as well as companies. If you wish to invest in your business overseas to Uk, USA and Canada or if you want to migrate, our auditors in Dubai will help you with the immigration audit. You will receive accurate and transparent communication regarding your immigration, investor relations and even employer before you decide to migrate and invest your capital in a different country. Audit Firms in Dubai have immigration experts working alongside CPAs who work parallelly adhering to the standard legal compliance of the domestic and migrating country. Company Auditing services reduce your risk of financial mitigation when you seek expert consulting from audit firms in Dubai and UAE.
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Auditing is a process of evaluating an organization’s financial and operational activities to ensure that they comply with laws and regulations. It is an important…
How to Make an Internal Audit Report in Dubai?