Audit services In Dubai

CDA Audit Firm in Dubai

The generous trade policies, business-friendly tax regime, stable government system, etc. have made Dubai a leading business hub. Companies from all over the world view Dubai as the perfect place to start and expand their businesses. This gives the businesses a very strong inflow of cash in return for their services or products. To encourage free and fair business practices, the authorities established a slew of laws that must be followed by firms in Dubai. It is in this context that auditing becomes necessary. Getting proper auditing services in Dubai assists firms in ensuring compliance with Dubai's laws and regulations, such as its VAT laws and accounting standards such as IFRS and IAS, among others. CDA, one of the top audit firms in Dubai, has been playing its part by assisting the firms in staying compliant with the laws and detecting any discrepancies.

Finding an auditor in Dubai who can work with strong work ethics can sometimes be a difficult task. Luckily, CDA has an amazing team of professional auditors in Dubai, who have years of experience in this field and can help you transform the image of your business. 

Need for auditing services in Dubai

Dubai has been inviting many investors from around the world and providing them with abundant resources to conduct business here, but along with that, the authorities have also formulated various stringent laws to keep an eye on the working of these firms. With the introduction of VAT, the importance of audit services in Dubai skyrocketed. Along with that, the government also implemented anti-money laundering and CFT, laws to avoid terrorist financing and other illegal activities, which contributed to the increase in the requirement of conducting audits for the firms. The firms are instructed by the authorities like the FTA and MoF to conduct the audits on regular intervals to ensure they stay compliant with the laws and also to avoid any fraudulent activities like payroll fraud, money laundering, corruption, tax evasion, etc. So, it is clearly evident that the firms must, without any delay, conduct audits in Dubai. For the past decade, CDA has provided audit services in Dubai, excelling in providing them in the most perfect manner possible. Being one of the leading audit firms in Dubai, CDA always makes sure that our team provides the best services to our clients. 

How CDA helps your business with auditing services?

As one of the top audit firms in Dubai, CDA helps businesses across varied industries with our professional auditing services. Focused on providing transparent and systematic financial statement audits, CDA offers seamless auditing services in Dubai, giving valuable insights into your business.

-- Check for resource allocation: The CDA audit team will assist you in determining the best resource allocation for your business while ensuring that no resources are wasted.This includes the flow of funds and cash in the operations of your business.

-- Check for legal compliance: At CDA, we will make sure that all the workings of your business are in accordance with the laws and regulations operational in Dubai, which may include VAT laws, AML-CFT laws, etc. This includes setting up paperwork needed by government authorities, timely filing of taxes, etc.

-- Help in maintaining your business’ goodwill: The image of your company in the eyes of people makes a huge impact on its success. This includes both internal (shareholders, employees, etc.) and external (customers, government, etc.) parties to your business. We make sure the workings of your business reflect honesty and law-abiding behavior from your side.

-- Strategize future decisions: CDA will help you come up with strategies that will be helpful for your business in the long run. We will provide you with insights on what is and isn’t healthy for your business. This will also help you make big financial decisions for your business, such as expanding or acquiring a new asset.

-- Edge over competitors: While other businesses will be trying to figure out the problems in their finances, CDA will not only find them for you, but also provide you with excellent solutions to overcome those and help you set new standards of operation in your specific business industry.

-- Unbiased scrutiny of your business insights: The insights provided by CDA are free from bias and highly accurate. This will give a wider look at how things are operating in your business. The audit process performed by CDA would highlight any finance related mistakes made by the business in the past. This finding of errors would be followed by a solution-oriented session to fix the former errors.

-- Give you time for decision making: While CDA finds discrepancies and implements solutions, you can focus on important decision-making matters while leaving the rest to us. Finance related matters can eat up a lot of your time, distracting you from other important aspects of your business.

-- Relaxation from the stress of rules and regulations: While you can focus on brainstorming new ideas for your business, CDA's knowledge of Dubai laws will help you keep your business in check and avoid making any mistakes that could land you in hot water with the authorities.

CDA’s diversified Auditing services 

CDA has always looked up to the clients in meeting their expectations and requirements, and keeping that as a prime objective, it has devised various sets of audit services to help the clients choose what they want. These include the following services:

-- Internal audit

-- External audit

-- Forensic audit

-- Tax audit

-- Compliance audit

-- Financial audit

-- Risk management audit and many more…...

CDA’s Audit procedure

CDA offers strategically designed auditing services in Dubai for businesses, and it involves various steps. Given below are the steps we follow in our audit services in Dubai.

-- Collection of Documents and Information: After deciding the date of conducting the audit, our CDA experts will come to you and collect all the records and details needed to conduct the audits.

-- Formulating the Audit strategy: After collecting the information and documents, our team experts prepare the strategies to be implemented as per the client’s requirements.

-- Assessing the previous audit reports if any: Our professionals may review the firm's previous audit reports to gain insight into past flaws and strategies.

-- Testing different control systems: We may implement different control systems to check if these are apt for the firm, and after their implementation, we will also ensure that the firm follows the laws and pays taxes on time. 

-- Evaluation of the documents received: After performing the above function, our team examines each and every detail of the records. If the records have any errors, they're communicated to the management and included in the report.

-- Assisting in taking Corrective measures: At last, our professionals may assist the client in taking corrective measures to solve the issues detected while conducting the audit.

Why Choose CDA’s Audit Services in Dubai 

After working across some major industries, CDA has been able to become one of the best providers of audit services in Dubai. We are well versed in the workings of Dubai businesses and have helped many of them achieve their desired results. We can do that for you as well.

Commercial companies, like those in Dubai, are required by federal law to have their financial accounts audited by an external or internal auditor. This necessitates that you keep your financial records for at least 5 years.CDA is always ready to assist firms in keeping their records as accurate and up to date as possible. Even though auditing may seem like a hectic task, CDA will make it simpler and more cost efficient. CDA can assist you in easing the process and handling all of the technicalities. We are always there to cater our accounting and auditing services to the firms established in Dubai, irrespective of the genre of business they perform.

Set up a consultation today to avail professional audit services in Dubai