Is Auditing Mandatory for Companies in UAE?

  • July 19, 2021 1:45 PM PDT
    What is an audit in the United Arab Emirates? This is an important question that many new investors and business people in the United Arab Emirates might have. Auditing in the United Arab Emirates (the UAE) requires a license. This is often needed for foreigners wishing to open a company or even individuals who wish to buy, sell, or transfer land within the country. In addition, there are many other regulations regarding the formation of international companies, such as those which pertain to the transfer of shares between [url=https://bsauditing.com/]accounting firms in UAE[/url] and individuals.

    This article will briefly discuss the roles played by an auditor in the United Arab Emirates. An auditor is a company's representative in matters related to the company's activities. This person does not have the same power and authority that directors and other executives have in some countries. However, the role of an auditor is crucial in assuring the legitimacy of a company and ensuring that all the required registrations and documents are in place.

    For instance, an auditor will visit a company's offices to test the way in which it handles internal controls. He will also make a series of random visits to the sites where its products are manufactured or sold. These visits will help him to determine whether these products and services meet the standards that were laid down when the company was created.
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  • October 15, 2021 4:53 AM PDT
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