Auditing

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Statutory Audit

A financial audit is an independent, objective evaluation of an organization's financial books and financial reporting processes. The primary purpose for financial audits is to give regulators, investors, directors, and managers reasonable assurance that financial statements are accurate and complete.

Team beaver is a network partner of reputed, bank empanelled Audit firms of all tiers in the UAE. Our expert team of Chartered Accountants helps you to.

  • Identify and engage a suitable auditor on behalf the client
  • Manage Audit field work on behalf of the auditor
  • Helps bridge between auditors and clients
  • Represent the client in an audit discussion
  • Helps with inventory count and valuation
  • Advice you on accounting treatment
  • IFRS Consulting
  • Audit Quality Assurance Annexures for Group Auditors

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Internal Audit

We examine the company's internal controls, including its corporate governance and accounting processes. These audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Our team is well trained to identify the inherent risk, detection risk and control risk. We have expertise in various types of internal audit like

  • Financial/Controls Audits
  • Compliance Audits
  • Operational Audits
  • Construction Audits
  • Integrated Audits
  • Information Systems (IS) Audits
  • Special Investigations.
  • Follow-up Audits and Validation Testing.

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Forensic Audit

Forensic audit investigations may expose, or confirm, various kinds of illegal activities. As opposed to normal financial audit forensic audit is used to gather evidence that could be used in the court of law. A forensic accountant utilises a range of skills, experience and understanding in the areas of business information, economic theory, financial reporting systems, accounting and auditing procedures. In addition he or she may have in depth understanding of data and electronic discovery, analysis techniques to uncover fraud, such as machine learning and data mining. Our team has practical experience working in multitude of industrial sectors ; this helps us in approaching a review assignment in a more focused and object oriented manner

Our Team of Chartered Accountants can play a crucial role in examining and investigating your current financial processes and standards, We will help you identify more effective and efficient solutions. The whole process is one of detecting problems and areas of improvement for the benefit of the business. Our Report would signify.

  • Identify what fraud, if any, is being carried out.
  • Determine the time period during which the fraud has occurred.
  • Discover how the fraud was concealed.
  • Identify the perpetrators of the fraud.
  • Quantify the loss suffered due to the fraud