Xact Contact mailinfo@xactauditing.ae
Xact Contact Us056 733 9818
Xact Facebook Xact Twitter Xact Instagram Xact Linkedin

Financial Audit Services in Dubai

Financial Audit Services | Financial Audit Services in Dubai | Audit Services

Xact Auditing is offering the best financial audit services in Dubai to ensure the integrity and transparency of the company’s financials. A financial audit in UAE is the appraisal of a company’s financial statement. The result of the financial audit is an attested audit report by the auditor, which shows that the company has presented a fair, authentic, and unbiased financial statement. 

Financial Audit Services

The objective of a financial audit is to add credibility to the financial position and performance of a business. Through financial audit services, a company can be able to unlock valuable and worthy insights into the business.

A financial audit helps to identify the issues occurring in the internal management and critical deep insights that can help the company to address the present and future threats and challenges to take decisions accordingly. Xact Auditing is one of the best audit firms in Dubai. 

Financial Statement Audit 

A financial statement audit ensures that the financial statement is in line with the reporting standards and follows the rules and regulations of Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), and International Financial Reporting Standard (IFRS). Our financial auditors will study the financials with optimum care and high attention and prepare an accurate and authentic financial statement audit report.

Types of Financial Statements

Xact Auditing offers financial audit services in UAE by gathering evidence and by proving a high level of assurance that the financial audit procedures are being followed by all the standards. Xact is offering four types of financial statement audit services which are:

 Balance Sheet

A balance sheet is a type of financial statement which explains the financial position of a company; a balance sheet contains three major elements:

  • Assets
  • Liabilities
  • Equities
 Income Statement

An income statement is also known as a profit or loss statement which explains the company’s financial performance in terms of the net profit or net loss. The two main components of the income statement are:

  • Income
  • Expense
 Cash Flow Statement

The movement in cash and bank balances over a period is called a cash flow statement. A cash flow statement involves three major activities which are:

  • Operating activities
  • Investing activities
  • Financing activities
 Change in Equity Statement

The statement of changes in equity presents the details of movement in the owner’s equity. It can be measured by the following components:

  • Income statement
  • Dividend payment
  • Gains or losses

Importance of Financial Audit Services in Dubai

High quality and accurate financial statement audit are necessary to maintain the confidence of an investor or shareholder. Xact Auditing professional approved auditors in Dubai are committed and seek challenges to dig deep and find out valuable opportunities based on a thorough understanding of the nature of business and its processes. To get quality and timely financial audit services in Dubai, Contact Us!

Audit Services in Dubai

Xact Auditing is offering the best audit services in Dubai that includes: