In the United Arab Emirates, a statutory audit is legally required to ensure whether an organization presents an accurate representation of its financial condition. This is accomplished by assessing Financial transactions, bookkeeping records, and bank balances.
According to Federal Law No. 2 of 2015 or the UAE Commercial Companies Law, all companies are expected to designate a licensed auditor listed under the Ministry of Economy to audit their financial affairs.
ZBS being a top auditing firm in Dubai ensures that your business keeps accurate information about your financial records.
Internal Auditing enables an organization to analyze its internal objectives and improve its approach. This is also to notice flaws before an external audit.
External Auditing is a method to validate the financial records and operations of an organization. It provides transparency and can highlight any issues.