6 Factors to consider while choosing an audit firm for your company There are numerous factors to consider while choosing an audit firm for your company audit but here are a few which must-have considered factors;
How to choose Audit firms?
6 Factors to consider while choosing an audit firm for your company There are numerous factors to consider while choosing an audit firm for your company audit but here are a few which must-have considered factors;
1. Expert Team: Its highly crucial to have a deep look at the profiles, strength and qualifications of the chosen audit firm auditors and support staff.
2. Industry Experience: Discuss in detail the relevant industry experience. It represents their years of experience, and extent of their services.
3. Use of Technology: Chose an audit firm who uses technology and data analytics during the audit as it helps them to reach to conclusion accurately and quickly. Also, they focus on more risky and key areas so you’ll get better professional advice which helps you to improve your business operations.
4. Quality assurance processes: Understand the methodology used by audit firm to make sure they’ll provide you the highest form of assurance and quality services.
5. Transparent Communication: Transparent communication is an integral part of audit process which ensures timely and seamless work flows.
6. A Solid Reputation: Testimonials, awards, or references are a good indication of an audit firm’s reputation in the industry. It reflects their quality of service and trust other people already have.
The right auditor will not only provide transparent and honest audit opinion on your company’s financial health but also provide you valuable reports which ensure future compliance and help you to make better financial decisions in the short and long run for all the stakeholders.
Corporate Group is an authorized audit firm in the UAE.
“We love to Solve your Audit Issues”
We’re a team of certified chartered and public accountants (CAs, CPAs, CIAs, FTA Approved Tax Agents) which have international and local vast exposure in auditing, examination, review and reporting.
Corporate Group follows International Standards on Auditing (ISAs) set by International Auditing and Assurance Standards Board (IAASB), comply with industry best standards for risk mitigation and controls efficiency, international rules and standards for fraud detection and operational methodologies and have strong updated practical knowledge skills in application and reviewing of financials under the light of International Financial Reporting Standards (IFRS), local laws and regulations. Corporate Group simplify your audit and related complexities and ensure compliance, improvements and transparent and independent opinion which enhance your confidence on your business and credibility I the eyes of shareholders and other stakeholders.
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In today’s fast-changing corporate reporting complex environment, an audit is vital to the credibility of your company and to the financial system as a whole. We not only provide independent and transparent audits but also our expert assurance team offers the highest level of confidence and risk management best practices system help management to make quick and well-informed decisions. (read more)
We’re a team of FTA-approved tax agents, chartered certified accountants, and Public accountants having years of local and international tax, tax accounting, and tax audit exposure, working with SMEs, large and multinational organizations as well as family offices, and entrepreneurs. We ensure more assurance and empower change by delivering the modern and most needed tax services in the evolving business landscape. (Read More)
Accounting is the language of business once said by warren buffet and it’s absolutely right. Every business requires accurate and complete accounting records for all expenses, purchases, sales, and other relevant activities to understand its financial performance and position in a better way. Our accounting experts not only give assurance on your financials but also suggest to you the best way to do business, compliance, and future growth. (Read More)
Corporate Group international tax service teams help you fully comply with these requirements and analyze and remediate the impact that these reporting obligations have on our global tax footprint. Our global treasury group consists of a network of tax professionals in key markets globally who focus on treasury and investment issues from financing and capital restructuring to risk management, whether that be with respect to interest rates, commodities or foreign currency. (Read More)
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