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Auditing & Assurance

The best audit to enhance your financial services

Auditing; the systematic examination and verification of an organization's financial statements, records, transactions, and operations by an auditor and assurance services that involve the provision of an independent professional opinion or conclusion about various aspects of an organization's operations, processes, or information, other than just financial statements are the crucial parts of its smooth operation. We promise the best auditing services in dubai that marks the successful running of a business.

Your crucial objectives like true financial reports, utmost security from frauds, misappropriation of assets, increased ROI, and minimizing the cost of capital will be met with our systematic approach. We build trust and confidence in the hearts of clients with high-quality audits services in UAE from multidisciplinary teams and maximize the value of your enterprise with a perfect audit system.

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OUR AUDIT SERVICES

01
Internal Audit

An internal audit service in Dubai specializes in assessing and evaluating an organization's internal controls, processes, operations, and compliance with policies and regulations. At Golden Falcon Consultants, our highly focused and organized auditing team can help the Board of Directors, Audit Committees, and management meet these business challenges.

We evaluate the processes of your company with a systematic approach, perform a broad risk evaluation and revenue analysis, and deliver perfect solutions that improve the efficiency of your risk management, control, and governance procedures. We meet the challenges, make it easier to succeed, and aim for excellence.

02
External Audit

An external audit is a systematic and independent examination of an organization's financial statements, records, processes, and controls by an external auditing firm in UAE. We examine the financial records and statements of your company to reassure investors, financial institutions, shareholders, and other stakeholders about the correctness of your financial statements. At Golden Falcon Consultants, we make sure that you meet the regulatory requirements.

Our team has already conducted excellent work for many entities worldwide and extended services without limits. Our client experience makes the difference when it comes to leading with integrity.

03
Forensic Audit

A forensic audit is a specialized and in-depth examination of an organization's financial records, transactions, and accounts with the primary goal of uncovering and documenting financial irregularities, fraud, or misconduct. As this process is very sensitive, Golden Falcon Consultants employs a team of highly skilled forensic auditors in dubai, to conduct fraud investigations. We are called upon to audit or investigate several sorts of fraud. The major steps we follow are forensic audit engagement, fraud investigation planning, gathering evidence, forensic audit report preparation, and court proceedings.

We work relentlessly and apply the latest techniques and methods to perform this service for your business. You can expect trust, transparency, and professional expertise from us. So, stay ahead in this rapidly changing world.

04
Inventory & Asset Audit

An inventory and asset audit is a process of systematically counting, inspecting and reconciling an organization's physical assets and inventory items to ensure accuracy in their recorded quantities and values. At Golden Falcon Consultants, our team applies our unique analytical procedures to make sure that your methods for recording inventory are perfect and match the available physical inventory count. We promise to maintain accuracy, find the spot causes of the shrinkage, and ensure the availability of the right amount of stock at the right time.

As our experts guarantee a detailed audit, you don't have to be worried about future concerns. We also promise to conduct both internal and external asset audits to maintain your firm’s transparency and accuracy. Audit experts promise the best internal control over your asset management. Our experts work to deliver sustainable success for your business and are always supportive at each stage of your lifecycle.

05
Due Diligence

Our due diligence services offer systematic and comprehensive investigation or examination of a business before entering into a business agreement, making an investment, or engaging in a significant financial or legal transaction. We focus on the most critical matters and perform to confirm facts or details of a matter under consideration. We promise a systematic way to mitigate or analyze the risk of your business entity. Everyone on our team is trained to discover, comprehend, and explain the key drivers, risks, and opportunities that are most relevant to our clients.

Our diverse experience enables us to address industry-specific challenges more effectively. So, don’t be restless after closing every deal! We will ensure to prevent any unpleasant context your business faces.

06
IFRS Advisory

Our IFRS (International Financial Reporting Standards) advisory services in Dubai is a specialized type of financial consulting and guidance to help organizations understand, implement, and comply with the IFRS. Golden Falcon Consultants has designed an exceptional team that is passionate about performing audits, no matter which sector we turn to. Issuing new IFRS or reissuing the existing standards will definitely cause a headache to your financial statements. The GFC advisory team makes your business accounts prepared based on IFRS, simplifies the accounting processes, and improves efficiency.

Our expertise enables us to cope with the requirements of new challenges in the economy, rectify potential errors, and make a better presentation of financial statements. We promise you easy adoption and implementation of IFRS standards with us.

STEPS OF AN AUDIT EXERCISE IN UAE
  1. Planning and preparation
  2. Risk assessment
  3. Internal controls evaluation
  4. Audit Program Development
  5. Audit evidence collection
  6. Substantive testing
  7. Sampling and testing
  8. Documentation:
  9. Review and evaluation
  10. Reporting
  11. Regulatory compliance
Relevant Entities Requiring Audit Reports in the UAE
  1. UAE ministries
  2. UAE Federal Tax Authority (FTA)
  3. Local Municipality
  4. Securities and Commodities Authority (SCA)
  5. Banks and financial institutions
  6. Dubai International Financial Centre (DIFC)
  7. Insurance Authority
  8. ICV certifying bodies
  9. Real Estate Regulatory Authority (RERA)
  10. Dubai Financial Services Authority (DFSA)
  11. Abu Dhabi Global Market (ADGM) Registration Authority
  12. Free Zone Authorities (e.g.,KIZAD, DMCC, DAFZA, JAFZA, SAIFZONE, etc.)

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