AUDIT & ASSURANCE

LEAF Associates is leading accounting firm with specialized people experienced in audit and assurance, which closely monitoring the financial information of companies and assessing and analysing all data and activity. LEAF Associates aims to present fair and accurate financial information performed under IFRS Standards.

LEAF Associates always confirms that all the accounting records are verified with supporting documents, accurate, and complied with UAE Commercial law, International Financial Reporting Standards (IFRS), International Accounting Standards (IASs) and Generally Accepted Accounting Principles (GAAP). LEAF Associates helps the management in taking strategic decision based on financial audit.

LEAF Associates can help you to find out proper and approved Auditors in Dubai for all type of business firms registered in various authority like Jabel Ali Free Zone (JAFZA), DMCC, Dubai Silicon Oasis (DSO), Dubai Knowledge Village, Dubai Media City, Dubai Intl Financial Centre, Dubai Academic City, Dubai Airport Free Zone.

External and internal audit services are essential for businesses in the UAE to ensure compliance with regulatory requirements, identify areas of risk, and improve operational efficiency. Here's a brief overview of what these services entail:

External Audit Services:

External audit services are performed by independent third-party auditors who review a company's financial statements and internal controls to provide an opinion on the accuracy and completeness of the financial information presented. This type of audit is typically required by regulatory bodies, such as the Dubai Financial Services Authority, and is essential for publicly-traded companies or those seeking external financing. External auditors can also provide recommendations for improving financial reporting and internal controls to minimize the risk of fraud or errors.

Internal Audit Services:

Internal audit services are performed by a company's internal audit team or an external consultant to assess the effectiveness of internal controls and identify areas of risk. This type of audit is designed to help companies improve operational efficiency and minimize the risk of fraud or errors. Internal auditors typically review the company's policies, procedures, and systems to identify areas where controls can be strengthened and provide recommendations for improvement.

 

Benefits of Audit Services:

There are several benefits to engaging external and internal audit services, including:

  1. Improved Compliance: External audit services ensure compliance with regulatory requirements, while internal audit services ensure compliance with company policies and procedures
  2. Risk Management: Both types of audit services help identify areas of risk and provide recommendations for mitigating those risks.
  3. Operational Efficiency: Internal audit services help improve operational efficiency by identifying areas where processes can be streamlined and controls can be strengthened.
  4. Stakeholder Confidence: External audit services provide assurance to stakeholders that the financial statements are accurate and reliable, while internal audit services provide assurance that the company's internal controls are effective.

We provide a wide range of services, including accounting and bookkeeping, audit services, VAT services, corporate tax services, accounting system implementation, feasibility studies, ESR, finance management consulting, and other taxation services. We work closely with our clients to understand their business goals and provide them with the tools and information they need to make informed financial decisions.