Internal Audit

Did you know that as per the Federal Law (No. 2/2015) and the UAE Commercial Companies Law, each and every company is obligated to assign a licensed auditor for the tracking of their financial affairs?

So why not invest in our expert internal UAE Auditors? We will help identify and correct the anomalies in your processes to avoid needless scrutiny from outside auditors or regulatory agencies.

Our Auditing Company in Dubai is competent enough to objectively evaluate your business’s financial and operational activities, including corporate governance. This includes:

  • Reaffirmation of your company’s accounting records according to the standards of UAE and in full compliance with GAAP,IAS and IFRS;
  • Organizational, operational, and financial audit under statutory and international regulation
  • Making sure that there is disclosure of all material matters related to the proper presentation of the financial information

Tax Audit

Tax audits can become a dreadful nightmare for your business and its reputation, taking up to 6 months to a year to resolve along with serious consequences in case of any errors/omissions. Numerous factors can elicit an audit, like an incomplete tax return, incorrect information on your tax documents, larger deductions, or failure to provide information when required by the Federal Tax Authority. Hire an auditor from our UAE auditors here at Think Biz Management Consultancies and avoid such actions from the Federal Tax Authority of UAE or Ministry of Finance.

Our experts analyse the tax returns from the FTA Audit perspective and provide you with detailed corrective and preventive actions required to be taken by the management. This could help organizations mitigate the risk of any violations or fines.

External Audit

External auditing is the process of ensuring that the financial records and operations of a business firm are accurate by employing the services of an external auditor. External auditors are accountants who work independently of an auditing firm. External auditors are necessary for all businesses to remain compliant with the laws of the government of the UAE. It can help to sort current or impending issues, if any, and confirm the financial claims of the organization to be true.

It is commonly known that the auditing of a company needs to be done only because it is mandatory by law. In fact, the Regular Audit serves greater purposes than the compliance with Law. One of the main advantage to have regular audit to understand the annual results of a business and make necessary decisions and controls for future.

Think Biz Management Consultancies’s expert professionals are determined to get the maximum benefit for clients from the audit process.

Due diligence Audit

Due diligence audit is an audit that is done before making an investment or getting into contract to check whether or not is the investment worth your time and money. People hire professional auditors for this task as it could require special knowledge of the appraised industry and other expert knowledge.

The other party shall provide necessary information required for performing the Audit. It can include Audit for previous years, Hierarchy of Staff, Internal Controls etc.

Due diligence is not limited to financial health but extends to areas like:

  • Production Capacity
  • Marketing Efficiency and Plans
  • Management Controls
  • Industry & IT
  • Legal & Compliance & many more

Special Audit

Apart from the various commonly known types of Audit, Think Biz Management Consultancies is providing various special audits as well to serve the customized requirements of its customer.

Think Biz Management Consultancies is aimed to provide below audit services to its clients as well:

  1. Fraud & Risk Audit
  2. Inventory Audit
  3. Sales Audit
  4. Procurement Audit
  5. Internal Controls Audit & many more