Accounting audit, objectives and advice

DIERA, UAE - Sept. 16, 2021 - PRLog -- Audits are very important to ensure that all accounting procedures are performed correctly and adjusted in accordance with all the business activities that have been carried out in the company.

The auditor's job consists of collecting information and comparing it with the existing records in the accounting books. Similarly, the auditor confirms that everything is adequate according to the laws and regulations in force that regulate the activity and accounting procedures.

The audit accountant in Dubai is an activity that requires trained professionals with enough experience to review the documents and check against existing records.

Hiring auditing services will provide solidity to your company and will also avoid capital losses as well as fines for incurring financial illicit.

Objectives of the accounting Auditors in UAE (https://www.aaa-cas.com/)

When an accounting audit is carried out in Dubai, the main objective is to verify that there is a concordance between the accounting records and the activities carried out by the company. At the end of the audit, the auditor should prepare a report that broadly includes the information collected and its comparison with the records. In addition, it must detail the degree of transparency, veracity and order present in the company. The audit in general terms must meet the following objectives:

• Verify that the annual accounts have been prepared in accordance with current legislation and regulations.
• Evaluate the performance and management of accounting activities.
• Verify the transparency of each of the accounts and accounting records.
• Verify good practices during the development of the various accounting processes, highlighting the independence and ethics of the people who carry out accounting work.

Tips to prepare your company for an audit

There are multiple reasons why hiring a Dubai accounting auditing service, however, the most important reason is the transparency and credibility it provides to your company. For this reason, if you expect an audit in the coming days or months, it is advisable to follow the following tips:

• Make an inventory of your product stocks and compare them with the quantities registered in your administrative system.
• Check through a balance of sums and balances if there are items with discordant balances.
• Check if there are open items or pending application.
• Supervise
• Verify that the accounting information is adjusted in accordance with the tax regulations.
• Do a detailed review of each of the journal records
• Carry out a bank reconciliation of each of the accounts belonging to the company.