All About Auditing
What is Audit All About?
The examining of an organizational financial report is known as an Audit. This audit is represented as an annual report by someone who is impartial and independent of the organization. This particular financial report comprises of an income statement, a balance sheet, a cash flow statement, a statement of changes in equity, and notes having a summary of the major accounting policies in it and other various explanatory notes.
The Purpose of Audit:
The purpose of forming an audit is to observe on whether the information filled up within the financial report in a whole shows the true picture of the financial position of the business organization on the current date. Some of those are as follows:
- Have the profits and losses been accessed properly?
- Has the balance sheet been filled with the right details of what is owned and what the organization owes?
There are certain kinds of auditing standards which have been set by the government; those are to be followed while examining the financial report. When the auditors are done with their work, the audit report is written by them where they explain what all work they have done and provide their opinion sketched from their work. Other firms may ask or need an audit on the basis of their ownership and structure or for a specific purpose.
What is the Role of Jumeira Consultant in the Area of Auditing?
Jumeira Consultant Chartered Public Accountants Company offers a whole range of audit assurance as well as other accounting services in order to help you in meeting all your business requirements.
The various audit and assurance services offered here are:
- External Audit
- Internal Audit
- System Study
- Information Technology Audit
Why Choose Jumeira Consultant?
The audit approach of Jumeira Consultant Accountancy firm is adapted in a way that it focuses to specific needs of the customers and is executed keeping in mind the high standards and expectations of their clients. They study deep the conditions of the client’s business and focus on the important and the challenges in them.
Every client is welcome, no matter what is the size of their business. Any client can bank upon the private involvement of the major client, which is the service partner. The strong involvement of the partner is the core of their service and delivery. Here specialized teams are created who are specialized in client service.
The team here works to figure out the risk areas and build up productive ways to keep in control that risk. They constantly time and again offer their clients with information so that they can take the right business decisions. The highly skilled team of the chartered accountants is always potential in offering the best of financial consultations, audit assurance services and business accounting to their respective clients.
Jumeira Consultant is a registered Accountancy firm under the Ministry of Commerce, UAE. This body permits us to perform all the audits under the regulatory requirements and under the Commercial Company law.