Internal Audit
Internal Audit services helps you add business risk insights, advice and assurance that strengthen stakeholder credibility and trust.
In Al Fouad Accounting & Management, The unique service what you might not found in any other service provider we are adding the technical review and assurance in our program and provide integrated internal Audit report for your business which explore the deficiency and weakness as well as the risk assessment in each process (technical, operational , financial marketing and credit control process) and explanation to your executive management how these obstacles is effecting them strategic and operational Plans.
Our experts in Al Fouad always work to build Effective and Proactive Internal Audit Framework by maintain audit programs in line with best practices while also monitoring adherence to the policies and principles requiring compliance. And this start by Planning well for an internal audit program as another important aspect that helps build a successful audit framework. and communicate a clear plan for the audit program, including consideration of the intricacies of each step, to the senior management, while keeping in mind the strategic directive of the company, to ensure that the audit program contributes to overall business success.
The Internal Audit functions as an independent assurance function, Internal Audit (IA) naturally plays a key role in enabling organizations to build a brand of trust as they move along their transformational journeys.
Statutory (External) Audit
Al Fouad Accounting & Management in Cooperation with Dar Alnuzum Mahmoud Juma and Partners Public
Are providing provide reasonable Assurance with high-quality audit procedure that serve the stakeholders as well as the management and whom has interest by promoting trust and confidence in business executives and Capital Owners.
Our auditors use their knowledge, skills and experience to provide a proper and high-quality and efficiency course of audits with independence, integrity, objectivity and professional. powered by leading-edge technology.
An audit is the examination of the financial report of an organisation – as presented in the annual report – by someone independent of that organisation. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes.
IFRS are the mandatory Accounting Standards in Dubai UAE
So, all the companies listed in the NASDAQ Dubai (Formerly known as DIFX), Dubai Financial Market (DFM), or Abu Dhabi Securities Exchange (ADX) is required to manage their accounting records in accordance with International Financial Reporting Standards (IFRS).
We maintain execute our audit based on International Standards on Auditing (ISA). Financial reporting is based on International Financial Reporting Standards (IFRS) for Our clients come range from small companies to international firms from almost all sectors.
Due Diligence Service
The Due Diligence is very complex & high risk process refer to the exercise of reasonable care in the course of business.
A due diligence procedure is needed for all companies and organizations if they engage in company mergers or acquire stakes, property, real estate, investment, investors or insurance transactions in other companies, or If they work with business partners.
What are We Offering for this services?
Al Fouad Accounting & Management team are carefully following high- quality and for a due diligence check involves careful investigation of the economic, legal, fiscal and financial circumstances of a business or individual. This covers aspects such as sales figures, shareholder structure and possible links with forms of economic crime such as corruption and tax evasion. A check of this sort is necessary as soon as a company initiates relationships with business partners or plans to buy up another company or a property or make investments in real estate.
Enables companies to perform risk and compliance check to protect themselves by checking the assumptions and conditions of a mutual relationship or an offer and identifying relevant risks. Present form of due diligence is appropriate depends on the specific situation, business transactions and the level of risk.
Explore Important business technique to consider before making any key business decisions or acquiring a company.
Before you put your company finances into action, we provide you All the inputs you need to understand its due diligence and how to do it correctly.
