Auditors and control system reviews in Dubai and UAE

Posted by All Around Moving on March 6th, 2017

Today the scope of accounting has been upgraded a step ahead. The terms like internal audit and control system reviews are nowadays spelled out very frequently. Moving away from the age old accounting, we are now heading into the world of Audits.

What is Auditing?

The term Audit refers to the systematic and independent examination of accounts of a company or an organization to ascertain the status of the financial statements as well as non-financial disclosures. Audits also ensure that the accounts are properly maintained as required by the law of the respective governments. The auditor who takes the responsibility of perceiving and recognizing the propositions before them for examination, obtains evidence, evaluates the same and formulates an opinion on the calculations and his judgment is communicated through their audit report.

What is Control System review?

A control system review stresses on the operational effectiveness and efficiency of an organization. The control system also ensures that a reliable financial report is generated which stays in sync with the compliance of the law, regulations and even the government policies. This review is a means by which an organization’s resources are directed, measured and monitored. This control system reviews plays a vital role in detecting the fraud and illegal acts of the resources or by the resources and helps the organization to build a strong fence that prevents the fraud actions.
For Example, A company A plays the role of vendor to a company B, the control system review of the company B ensures the effectiveness of the Company A and it can be the vice versa.

History of Auditing and Control System Review

The concept of auditing and reviews is an age old one, these concept were used even during the time of Alexander. The way of handling things were not merely the same. Today there is a lot difference in the customs in Auditing and Reviewing. The regulations then were restricted to the particular province and only the ministers and kings had the supremacy. With the spread of globalization the world and its components have been integrated to develop a common note of the regulations of the audits.

Auditors in Dubai and UAE

Dubai being the fastest developed cities of UAE, is enriched and embedded with an ocean of choices to prepare a perfect review or to audit your organization. There are multiple numbers of firms that operate and deal on the account audits and reviews of not only Dubai or UAE but also across the oceans.

Internal Audit and control system reviews in Dubai and UAE

The global transaction with gold and petroleum happens to be large in the region of UAE and Dubai. To make better and safer deals in and around Dubai, the Audit and Control System agencies have spread with lights speed all over the country. One can easily find an auditors or an internal control system reviewer across Dubai with a minimal help from the online and offline portals.