Miqat is specialized in providing professional service offered by accounting firms in the UAE to help organizations ensure the accuracy, completeness, and reliability of their financial statements and other crucial information.
Our Audit & Assurance service involves a comprehensive review of an organization’s financial records, systems, and processes to provide an opinion on the fairness of their financial statements and compliance with regulatory and accounting standards.
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Our primary objective is to provide independent assurance to stakeholders in the UAE, including investors, lenders, and regulators ,where an organization’s financial statements and other informations are reliable and can be used to make informed decisions. This helps build trust and confidence in the organization, enabling it to attract more investment and grow its business.
Our process includes a range of steps, that is planning, risk assessment, testing, and reporting. The experienced in house auditors assess the risks associated with the organization’s financial reporting and develop a plan to address those risks. They then perform various tests, including sample testing of transactions, to ensure that the financial statements are accurate and complete.
We also evaluate the organization’s internal controls and identify any weaknesses or areas for improvement. This helps the organization to improve its financial reporting processes and reduce the risk of errors or fraud.
As per Article 27 of Federal Decree-Law no. (32) of 2021, the company needs to get the accounts audited by an independent auditor and produce the audited financial statements prepared in IFRS.