Audit Assistance Services: Strengthening Trust in Financial Reporting
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In today’s fast-paced business environment, transparency, accountability, and reliability in financial reporting are not just expectations but essential foundations for building trust among stakeholders. Our audit and assurance services go beyond traditional compliance checks. With a team of seasoned experts, we provide a thorough examination of your financial statements to ensure they meet regulatory requirements and adhere to globally recognized standards. By implementing rigorous methodologies and leveraging cutting-edge tools, we help identify risks, weaknesses, and opportunities in your financial reporting processes. This empowers your organization with actionable insights that improve efficiency, enhance governance, and mitigate exposure to potential financial issues
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How We Can Help?
At Infinity Solutions, we pride ourselves on delivering more than just audits; we provide clarity, confidence, and peace of mind. By partnering with us, you gain access to expertise that not only ensures compliance but also builds the foundation for sustainable growth. Our commitment is to support you in achieving your business goals while maintaining the highest level of integrity and trust.
Features
Our Auditing Assistance Include
Statutory Audit
Ensuring compliance with legal and regulatory requirements.
Internal Audit
Evaluating internal controls and corporate practices for compliance.
Forensic & Stock Audits
Investigating financial records for fraud, unethical behavior, or discrepancies.
Our FAQ
Got questions? We've got answers
Corporate Tax law mandate the audits for business having turnover more than 50 Million AED or more & for qualified freezone person. Further many freezone mandate the audit like DMCC, DAFZA, JAFZA, DWC, DIFC etc. However, mandate of audit is depends on the license issuing authority.
As per the Corporate Tax Law audit needs to be submitted along with the filing of Tax return, which is upto 9 months from year end. Further due date for submission of audit report depends on the license issuing authority as well, which it varies from 3 months to 6 months from year end. Many authority ask for audit report at the time of license renewal.
A company has option to choose the year end as per his own comfort. However generally companies follows Calendar year end in UAE.
Accounts are prepared and audited under principle of International Financial reporting standards (IFRS) in UAE.
Generally at the time of audit auditors can ask for various documents viz: Accounting system generated Trail balance, Balance sheet, Profit & loss account, General Ledgers, Sales invoices, purchase invoices, Expenses supporting, Bank statements and any other documents as they deems fit to satisfy himself to reach an opinion.