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PROFESSIONAL AUDITING SERVICE IN ABU DHABI

Partnering with an auditing service in Abu Dhabi is becoming quite important day by day. It is mandatory that businesses maintain accurate financial records and follow strict regulatory requirements. Because of today’s complex business environment, auditing services are not just mere number-checking, but rather a comprehensive evaluation of your business’s financial integrity. This is where you need experts like us. At Golden Falcon Consultants, we make sure that every financial record reflects the true pulse of your operations.

OUR AUDITING FIRM IN ABU DHABI HELPS IN:

  • Regulatory Compliance
  • Financial Transparency
  • Risk Identification
  • Improved Internal Controls
  • Efficient Decision-Making
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Auditing Service in Abu Dhabi

OUR AUDIT SERVICES

We provide an all encompassing suite of audit services that help with financial verification and risk management. Here they are:

01

EXTERNAL AUDIT

Analysing the financial statements in an unbiased manner before they are presented to shareholders and regulatory bodies.

02

INTERNAL AUDIT

Conducting a review of your company’s internal financial systems and operational procedures. These audits are done mainly to improve overall business performance.

03

STATUTORY AUDIT

Statutory audits are conducted to check whether companies follow their specific legal structure and free zone regulations. These audits are demanded by the UAE Commercial Companies Law.

04

VAT AUDIT

During the VAT audit your tax records are reviewed to ensure full compliance with Federal Tax Authority (FTA) standards. Performance of these audits by experts would protect you from heavy penalties.

05

COMPLIANCE AUDIT

This audit is conducted to ensure whether you adhere to specific industry regulations, and that your organisation follows anti-money laundering (AML) laws, and internal policies, along regulatory standards.

IMPORTANCE OF AUDITS FOR BUSINESSES IN UAE

Audits are not just a formality when you operate a company in the UAE, but rather a strategic necessity, and are very important for survival and growth. Maintaining audited financial statements is a major requirement for legal compliance, especially with VAT regulations and federal corporate tax. The audited reports conducted by financial audit services in Abu Dhabi should be sent to banks, investors, and government authorities when you apply for loans, licenses, or try to secure high-value contracts.

THE IMPORTANCE OF AN AUDITING FIRM

Audits are important to maintain transparency and ensure businesses follow UAE financial regulations. The regulations set by the Abu Dhabi Global Market (ADGM), Khalifa Economic Zones (KEZAD), and similar agencies must be followed. Our job is to identify discrepancies or fraudulent activities before they turn serious and grow into significant losses. Partnering with a licensed auditing firm in Abu Dhabi ensures compliance and strengthens internal controls with streamlined financial management and gaps identified in internal controls. The auditors in Abu Dhabi conduct the audits during mergers, and acquisitions as well.

Why Choose Our Auditing Company in Abu Dhabi?


At Golden Falcon Consultants, a trusted audit firm in Abu Dhabi, we act as your partners in financial integrity and compliance. Our practical understanding of the local market and technical knowledge enables us to provide accurate and professional auditing services in Abu Dhabi to our customers. We make sure that all your financial needs are met through our integrated accounting services in Abu Dhabi, so that you can focus on the core business goals.

The auditors at our firm will identify potential issues before they become problems so you can go ahead with your business goals. Through unbiased advice, our auditing firm aims to provide recommendations that always prioritize your best interests. Our work is fully grounded in the highest ethical standards, confidentiality, and professionalism. Through our audit services, we aim to build a stronger, and more transparent business for the future.

Core Deliverable After An Audit

These are the core deliverables that our auditing service in Abu Dhabi will deliver after an audit.

  • Independent Auditor's Report - We will present a statutory formal and signed report based on international standards of Auditing (ISA) and in strict accordance with IFRS.
  • Audited Financial Statements - This consists of a full Balance sheet, Profit & loss statement, cash flow statement and equity disclosures.
  • Management letter - This is a "letter of internal control weakness". It includes an operational report that identifies internal accounting risks, procedural bottlenecks, and practical solutions.
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THE AUDIT PROCESS PROVIDED BY OUR AUDITING SERVICE IN ABU DHABI

During the first phase we will study your business’s key risk areas in your particular industry. This would help us design an audit plan to meet specific audit objectives.

Our auditors at the auditing company in Abu Dhabi will collect all the details of transactions, account balances, and internal controls by communicating with your staff so all the details will be accurately covered.

All the details collected would be analysed and reviewed to see whether they meet IFRS demands and applicable local regulations. During evaluation, our team performing the auditing service in Abu Dhabi will identify any adjustments needed, and present them to the management.

After the analysis and review, we will present our audit opinion in a clear, comprehensive audit report listing actionable insights for future improvements covering everything from internal controls to operational efficiencies.

After the findings are made available, we will assist with implementation of recommendations to ensure all regulatory filing requirements are met.

FREQUENTLY ASKED QUESTIONS

As a licensed auditing firm in Abu Dhabi, the GFC team is fully aware of the evolving laws like the UAE Commercial Companies Law mandates involved with the FTA mandates. Our job is to make sure that your financial reporting aligns with IFRS. IFRS is short for International Financial Reporting Standards. Through a proactive approach we will review your financial records and identify gaps that could cause compliance issues. And based on data, we will be able to give you actionable recommendations.

Our auditing service in Abu Dhabi is provided for all businesses, irrespective of their size and growth. We will customize our services to take care of comprehensive audit engagements based on applicable regulatory and stakeholder requirements. This service is primarily for the corporate sector. For SME the focus is on statutory audits that satisfy licensing and banking requirements.

With over 16 years of experience in the UAE market the team at Golden Falcon Consultants has deep expertise in the Abu Dhabi market. The statutory audits are in alignment with IFRS and local regulations. We work in a structured manner, and our audit services are intended to give your company not just compliance, but we will also evaluate the operational processes and risk management frameworks.

Yes, our auditing firm in Abu Dhabi has both VAT audit specialists and tax advisory specialists. They will work concurrently to ensure your financial records accurately reflect VAT obligations and corporate tax positions. Our services are fully geared to help you stay prepared in case of an FTA audit.

The duration of an audit process depends on the volume of transactions and the accuracy of your records. On an average it takes between 2 to 4 weeks for the complete process. Once we assess your business transactions, we will be able provide a clear timeline and suggest what documents you need to bring. The documents have to be accurate so you can enjoy a smooth process that meets deadlines. We help ensure timely compliance with filing deadlines.

The financial auditors in Abu Dhabi will need the following documents for the audit:

  • ● Financial records concerning your business details
  • ● Documentary materials like Invoices, receipts, etc.
  • ● Legal documents
  • ● Inventory and asset information
  • ● Payroll and HR documents
  • ● Tax documents
  • ● Past audit reports

Yes. As a full service auditing firm, we will continue to provide advisory services if you so desire. Our team will inform you of any weaknesses in your internal controls and offer specific recommendations for improvement. We make sure that you stay prepared for regulatory updates that happen in the future.

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