An internal audit is an independent and objective examination of a company’s financial data and internal systems. It is an essential process that ensures the accuracy of financial records, identifies risks, and assesses compliance with applicable laws and regulations. Internal audits provide a comprehensive evaluation of the organization’s processes, control systems, and operational effectiveness.
Having these documents readily available ensures a smooth internal audit process, helping auditors assess operations, identify improvements, detect fraud, and verify compliance with legal and regulatory standards.
The expert will help to tackle business issues by following proper Accounting and Auditing guidelines will also assist you to scale up your business. JAXA also provides various other services such as Tax Services, Payroll Services, Cash flow forecasting and many more.
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We verify and validate financial and operational records, strengthening the credibility of your business and improving stakeholder relationships.
By identifying inefficiencies within business operations, our audits provide actionable insights for improvement, enhancing overall productivity.
Internal audits help refine management practices, promoting better decision-making and stronger internal controls.
Our audits identify potential risks, reducing the likelihood of fraud and helping to ensure the business operates within legal and regulatory frameworks.
At FTA, our expert auditors tackle business challenges using industry-leading auditing and accounting standards. We focus on enhancing your company’s financial health while supporting long-term growth. In addition to internal audit services, we offer comprehensive solutions such as Tax Consulting, Payroll Management, and Cash Flow Forecasting, among others, to help your business thrive.
FTA is a Dubai-based financial consultancy offering services like auditing, accounting, VAT, tax consulting, software consultancy, and management. We provide top-notch statutory audit services in the UAE, using advanced tools to ensure compliance and deliver tailored solutions for your business needs.
Audit activities are selected based on risk assessment, followed by a meeting with management to identify obstacles and ensure alignment on objectives.
Clear objectives and the audit scope are defined with management’s input, and details are documented for reference.
Auditors carry out the planned procedures, such as interviews and reviewing applicable laws and policies.
Upon completing the fieldwork, auditors present findings, and management responds with corrective action plans, including implementation timelines.
Ensures corrective actions are implemented, with reports on any ongoing issues presented to executives annually.
Internal Audit is a discretionary function that is performed by people working within the organization as employees. External Audit is a mandatory function performed by 3rd party team appointed from outside the organization.
The role of an internal audit is to review the processes and systems of a company and provide assurance that its internal control processes and risk management governance are objectively operating.
Internal Audit has five stages: Selection, Planning, Conducting, Fieldwork, Reporting the results and following up on corrective action plans.
Internal auditors in Dubai, to become successful, should possess vision and instinct, be able to see the big picture, be good team players, and have decision-making abilities.
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