1.
The external audit process begins with planning, which includes understanding the client’s business and risks, creating audit goals, and developing an audit plan.
2.
The external audit process begins with planning, which includes understanding the client’s business and risks, creating audit goals, and developing an audit plan.
3.
The final step in the external audit process is to prepare a report that contains the auditor’s opinion on the financial statements and internal controls of the client.
4.
It includes picking out areas that are prone to fraud or error and creating solutions for reducing risks.
5.
In this step, the auditor checks whether the financial statements and internal controls fall within laws or not.`
Many elements need to be checked to know the position of the financial statements of a business. The external auditor or registered auditors in UAE help businesses check their financial statements properly and pick out any misrepresentations or misstatements. External Audit firms can provide that clear picture and help companies comply with local and international laws including IFRS.
KA Auditing comprises a team of qualified Chartered certified accountants who can conduct an external audit to ensure statements are made adequately and as per the accounting standards. Following a successful external audit service in Dubai, companies can identify the gapping areas, work on them and make informed decisions for company growth.
Khalid Alhassawi Auditing (KA Auditing) is one of the leading auditing firms in Dubai, UAE, that follows a comprehensive set of external audit procedures to ensure accurate and reliable external auditing. The external audit procedure followed by KA Auditing is:
