Service Overview
EQUITY provides comprehensive auditing services to help businesses build trust with stakeholders, meet regulatory requirements, and identify areas for improvement. Our professional audit team conducts thorough examinations of financial statements and internal controls to provide assurance on the reliability of your financial information.
From statutory audits required by law to specialized audits tailored to your specific needs, we deliver high-quality audit services that add value to your business.
- Conducted by certified auditors with UAE expertise
- Compliance with International Standards on Auditing (ISA)
- Comprehensive approach that goes beyond compliance
- Valuable insights to improve financial processes
Our Auditing Services
Comprehensive audit solutions to meet your business needs
Statutory Audits
Mandatory audits required by UAE law for companies to ensure compliance with regulatory requirements.
Internal Audits
Evaluation of internal controls, risk management, and governance processes to improve operational efficiency.
Compliance Audits
Assessment of adherence to laws, regulations, policies, and procedures applicable to your business.
Due Diligence Reviews
Comprehensive financial reviews for mergers, acquisitions, or investment decisions.
Fraud Investigation
Specialized audits to detect and prevent fraudulent activities within your organization.
Special Purpose Audits
Tailored audits for specific requirements such as grant compliance, royalty audits, or agreed-upon procedures.
Why Choose EQUITY
What sets our auditing services apart
Expertise
Our audit team consists of certified professionals with extensive experience in various industries.
Independence
We maintain strict independence and objectivity in all our audit engagements.
Value-Added Approach
Our audits go beyond compliance to provide insights for business improvement.
Technology
We utilize advanced audit tools and methodologies for efficient and effective audits.
Our Audit Process
How we conduct our audits
Planning
We develop a comprehensive audit plan based on understanding your business and assessing risks.
Fieldwork
Our team conducts detailed testing and analysis of financial records and internal controls.
Evaluation
We evaluate the results of our testing and identify any issues or areas for improvement.
Reporting
We provide a detailed audit report with our findings, opinions, and recommendations.
Frequently Asked Questions
Common questions about our auditing services
Which companies in the UAE are required to have a statutory audit?
Most mainland companies, free zone companies, and certain other entities in the UAE are required to have annual statutory audits. The specific requirements vary based on the company's legal structure and the regulations of the relevant authority.
How often should my company conduct an internal audit?
The frequency of internal audits depends on your company's size, complexity, and risk profile. Many companies conduct internal audits annually, while others with higher risk or more complex operations may benefit from quarterly or semi-annual audits.
What documents do I need to provide for an audit?
Typically, you'll need to provide financial statements, general ledger, bank statements, accounts receivable and payable details, inventory records, fixed asset registers, contracts, and other supporting documentation. We'll provide a detailed list during the planning phase.
How long does an audit take to complete?
The duration of an audit depends on the size and complexity of your business. A small business audit might take 1-2 weeks, while larger or more complex organizations could take several weeks. We'll provide a timeline during the planning phase.
What is the difference between an audit and a review?
An audit provides a high level of assurance and involves detailed testing of financial information. A review provides limited assurance and primarily involves analytical procedures and inquiries. Audits are more comprehensive and provide stronger assurance than reviews.
How can an audit benefit my business beyond compliance?
Beyond meeting regulatory requirements, an audit can identify inefficiencies in financial processes, detect fraud or errors, improve internal controls, enhance credibility with stakeholders, and provide valuable insights for business improvement.