How do you choose the Best Audit Firm in Dubai?
An audit is a special service that adds value to your business with its own rules of the game and the current market. Choosing audit firms in UAE is no doubt a challenging task with so many companies offering you services at competitive costs. However, there are some key qualities- if considered, can help you make the right decision. After all, you would certainly want a company that will set the stage for your organization’s success.
To choose the best audit firm in Dubai, here are a few points that will help you to select the most favourable one:
Qualification
Naturally, do ensure that the audit firm you are looking for has all the certifications and licenses required. The firm shouldn’t be just good on papers but also have auditors that possess complete knowledge in the field of audit, law, taxation and accounting. Moreover, the auditors should be competent enough to assess your financial statements in a way that fits your needs.
Reputation
An audit firm with a good reputation ensures that your auditing process is smooth and efficient. A well-recognized company with years of expertise follows high auditing standards and assessment practices. In fact, the reputation of an auditing company speaks about its professional history, commitment, customer relationship, comprehensive assessment of the audited entity and objectivity. On the other hand, when you choose to partner with a new audit firm in Dubai or the one that’s in a state of rapid growth, you are not assured of a systematic and successful audit process.
Industry Expertise
Make sure to look for an audit firm that has experience within your industry. This will ease the entire work process as the firm is already familiar with your industry goals and problems, making it less time-consuming and saving your money as well as effort. Knowing the business you are in, they can anticipate how your audit will look like and the actions to be taken during unexpected situations.
Range of Services Offered
Another important selection criterion is the ability of an audit firm to provide a wide range of services. An auditor can ideally offer more than just auditing services. As a rule, auditors are responsible for looking into the field of accounting and taxation, international tax relations, property valuation, legal services, management consulting, etc.
Having an auditing company in Dubai that offers you varied services will not only help reduce the company’s cost but also lower the risk of appointing an incompetent specialist. Furthermore, the circle of people associated with the client’s financial activities also gets very confined.
Cost
You will also have to consider the fees charged by the auditing firm. Do not hesitate to ask, if the firm charges by the hour or by the projects and if their fees are fixed. Make sure to choose the cost of the audit as a whole and not by an hourly basis. In addition to that, it is best to ask for an audit plan.
We believe that choosing the right audit firm is no more a daunting task. If you are looking for one of the best audit firms in Dubai, you can count on us. We are a leading auditing company in Dubai that offers you systematic audits at industry rates. To know more about our services, you can call us on +971 6 747 9800 or send us an email at sholy@halsca.com.
