There has been a substantial hike in the number of companies that have developed in recent times, but with the arrival of new firms, there has also been an increase in fraudulent activities. This has increased the needs of financial services such as Auditing, Accounting, payroll etc in Dubai. This is why auditing is a very much important service.
Financial Audit of a company is now almost considered an important factor. It is always recommended to perform the financial audit on specific intervals which will increase the company productivity with utmost accuracy on financial aspects.
One of the biggest impact is from the disturbance that is taking place because of technology updates. If you think about what is happening—with the cloud, with mobile, with cybersecurity, and with data—these things are all new emerging risks that need to be audited. They have never been audited before. They were not really risks before.
One of the biggest challenges is: How do you take these new and emerging risks and train individuals to be capable of auditing them? Some of that you can do with training, but some is uncharted territory. Take data. How do you audit data and data frameworks? How do you audit the way data is transferred?
The other thing is making sure that company has a supportive audit committee, audit committee chair, and management. Make sure that the team is highly capable of attending any complex situtaions. One of the most significant powers we have as internal auditors is that we are independent. That means we work for the company, but our reporting line is directly to the chairman of the audit committee. That is a very powerful thing.
Why choose AGX auditors?
AGX auditors are the team of professional accounting and auditing service providers in DUBAI,UAE. We are registered Auditors under the Ministry of Economy UAE , Dubai delivering dedicated Audit, Accounting, Tax services, Financial Advisory and Business Advisory Services complying regulatory requirements.
Our services are available to all the Emirates in UAE. AGX is one of the accredited auditors for DIFC,DMCC,DAFZA ,JAFZA and all other Free Zones in Dubai and UAE.
We at AGX will assist you in taking care of all the procedures involved in the VAT process. Call us today for any kind of assistance at +971 50 2981990 or email us at agx@agxauditors.com to get all your queries addressed.