Auditing Firm in Umm Al Quwain

Yes. We offer audit services to all businesses, including startups. Startups in Umm Al Quwain may need an audit to maintain compliance, to open a bank account or to file reports to investors. Our audit team prepares the audit process to the particular documentation and financial information available for startups and newly established companies, ensuring the audit is efficient, effective and compliant with applicable regulatory requirements.

Key documents include bank statements for the relevant period, sales and purchase invoices, general ledger and trial balance reports, payroll records, VAT return submissions, fixed asset registers, and financial statements, if available. Other documents may include loan contracts, lease agreements and shareholders' documents, based on your business. We provide an audit document checklist at the beginning of every engagement to ensure our clients have everything they need ready for the audit.

Yes. We provide internal audits and statutory audits for companies in Umm Al Quwain and the UAE. Statutory audits are prepared in accordance with UAE regulations and are mandatory for renewals of free zone licences, for tax filing and compliance. Internal audits assess internal control effectiveness, operational risks, and recommend betterment to financial management wherever possible. Experienced professionals familiar with UAE audit standards and free zone regulations conduct both internal and statutory audits.

Golden Falcon Consultants is an audit firm in Umm Al Quwain with highly qualified auditors who employ a systematic audit approach that matches the requirements of International Standards on Auditing (ISA). Each audit includes detailed checking of financial statements, account reconciliations and reference to supporting documentation. Our auditors are experienced in UAE Corporate Tax laws, VAT laws and free zone regulations to ensure compliance with the latest industry standards. Our audit reports are internally reviewed to ensure they are accurate, complete and meet all requirements.

We agree our fees upfront and in advance. In the case of a standard audit, the fee is a fixed amount depending on the size and scope of the organisation. If the audit is more complex due to a much increased volume of transactions, multiple entities, multi-currency accounts or special reporting (such as audits required for litigation, due diligence or regulatory investigations), then extra charges may be incurred. These are discussed in advance, with a clear description of the scope of the work. There will be no surprises in terms of additional charges.

At Golden Falcon Consultants, we believe in regular communication. So we will present an audit timeline right at the beginning so businesses will be aware of the key milestones. Periodic updates are sent when these are met, along with completion of the fieldwork, preparation of the audit report etc. can also request an update from our audit team at any time during the audit.