What are a professional audit services in the UAE?
Auditing is the process of examining a company's financial records to ensure compliance with UAE laws and regulations. It is required by law and also important for doing business. It helps prevent penalties, builds investor confidence, and maintains operational efficiency.
In this meeting, we will gather your requirements, understand your needs, and figure out the scope of the audit. During this call, we'll discuss:
Audit scope and your expectations
Key financial reporting issues and focus areas
Timelines and deadlines for meeting reporting requirements
To get started, we'll ask you to provide essential documents:
Trade license
Trial balance for the reporting period
Expected and approximate turnover figures.
Profit and loss report
Execution of audit procedures
Our team has reviewed and analyzed the documents you've provided and we've come up with an estimate for conducting an audit in your specific case. Then we'll create a customized audit plan that fits your business and makes sure you're complying with the relevant standards.
Once we receive your approval, we will proceed with the audit procedures.
Prepare audit opinion and report
We will summarise the audit procedures, findings, and the auditor's opinion in a detailed report.
As a result, we provide management with feedback and recommendations to improve financial reporting and internal processes.
Why to make your audit with movingo?
1
Full compliance:
Accurate and clean audit in full compliance with Federal Tax Authority (FTA), Mainland and Free Zones authorities.
2
Transparency and trust:
Transparency is in our DNA. You always get what you pay for, with no hidden fees, catches, or fine print. We give you clear, up-to-the-minute financial information so you'll never be in the dark about your finances.
3
Save your time:
We have an extensive financial regulatory database for all jurisdictions in the UAE. You don't need to spend time learning all the ins & outs.
4
Speed and Agility:
With Movingo, you're getting access to a team of experienced accountants who know the UAE market inside out.
Andres Evans
CEO of an industrial VR education company
I have to travel a lot, and I am in the UAE occasionally. So working with movingo remotely is a game-changer for me. It is very handy, as they are always available on the messenger, responding quickly and monitoring the situation. We can do all of our work on the go with them, and all of my financial reporting is timely and I don't have to worry about it.
The movingo team has been a great asset to me! I've signed up for the full support plan, because I get so many financial questions every day and never know when another one's going to pop up. Besides the regular financial stuff, the team really helped me get my business up and running in another emirate quickly and easily, without any troubles. I think the full package is the best deal for money out there.
Auditing helps keep financial records accurate, which makes tax calculations and compliance a lot easier.
Internal audits are conducted by an organization's own staff to evaluate internal controls and improve processes, while external audits are conducted by independent auditors to evaluate financial statements and compliance with laws and regulations.
An audit typically takes 2-6 weeks, depending on the size and type of business.
We sign an NDA with each client and store data according to all international standards.
There are statutory audits, internal audits, and tax audits.
You won’t be able to renew your license in a Free Zone
Your trade license may be stopped or blocked.
This can result in the company's bank accounts being frozen or closed.
Most of Free Zones companies, and mainland companies with over AED 50 billion turnover.
Yes, small companies often need audits. It depends on their legal structure and revenue.
A company may be exempt from having its accounts audited for one financial year if it's a subsidiary of another company.
It costs AED 1500 — AED 10,000. The total price will depend on the size and type of business you have.
You get quality service from certified auditors and accountants with high experience. Learn more about accounting with us on this page.