If yes, then the best way to achieve the above objectives is to get your business audited from Qualified External Auditors. This is where AKM can help add value to your business by conducting Audit of Financial Statements.

The objective of a financial statements audit is to obtain a reasonable assurance that the financial statements are free from material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes an assessment of the accounting principles used, significant estimates made by management, as well as an evaluation of the system of internal controls.

Almost all the companies in the UAE, whether mainland or free zone, need to have an annual audit. As per the UAE commercial company Law the main land companies are required to have annual audit of their financial Statements. The free zone companies are required to submit the Audited Financial statements for renewing their business license. Furthermore, the bank may require a company for annual audit where the company is financed by the bank. In some cases, customers or vendors or other stake holders ask for financial audit report.

 We do not just focus on the numbers but we first get an understanding of the business overall system and control environment. This enables us to identify deficiencies in the Accounting systems & controls and making recommendations, hence adding efficiency to your business and minimizing the risk of frauds and errors.