Why do we need an audit?
Other than the requirement for license renewal where audit report is a mandate, is there any real benefits on hiring an auditor?
Auditing is the independent examination of the financial records and books of accounts and expressing an opinion on the same. The importance of an audit cannot be understated. You are getting yourself a team of professionals who have gained extensive knowledge about all kinds of business entities and how they function and hence can easily identify the shortcomings if any, in your business or how you operate. Being updated on accounting standards around the world, we are in position to advice and incorporate said requirements and changes into your system so as to ensure transparency while comparing to international standards. An independent audit also reduces the scope of fraud risk elements in your business.
At AGX, we are experienced to take up the following audits:
- Annual financial audits
- Internal or management audits
- Compliance audits
- Revenue certification audits
Our team of auditors at AGX provide more than just assurances and audit services. Working alongside our clients, we act as a trusted advisor and business partner to provide independent quality audit services who create value proposition to your business by:
- Understanding current International Accounting Standards,
- Identifying and mitigating risk,
- Ensuring compliance to regulatory framework, and
- Applying relevant technical experience.
We are also accredited auditors across the U.A.E and in all major free zones including:
- All the Free Zones in Dubai including DMCC, JAFZA, Dubai Silicon Oasis and DAFZA
- Sharjah Airport International Free(SAIF) Zone
- Hamriyah Free Zone in Sharjah
- Rak Free Trade Zone
- Ajman Free Zone
- Fujeirah Free Zone
We see our audit client relationship as much more than a once a year event. We engage proactively with our clients on business issues to forewarn and forearm everyone involved in the process, so that the right steps can be taken at appropriate junctures.