{"id":1047,"date":"2018-11-28T11:24:14","date_gmt":"2018-11-28T11:24:14","guid":{"rendered":"http:\/\/demo.wheelhousecentral.co\/AB-CPA\/?page_id=1047"},"modified":"2019-09-06T09:03:24","modified_gmt":"2019-09-06T09:03:24","slug":"best-audit-firms-in-saudiarabia-unitedarabemirates","status":"publish","type":"page","link":"https:\/\/abcpa.sa\/en\/best-audit-firms-in-saudiarabia-unitedarabemirates\/","title":{"rendered":"AUDIT OF FINANCIAL STATEMENTS"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#e8eaf0;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: left;\">Stakeholders, Financial Institutions, and government agencies often need assurance that the financial statements accurately represent the true financial position of a company.<\/p>\n<\/div><div class=\"fusion-text fusion-text-2\"><div class=\"sub-content-box\">\n<div class=\"sub-content-box-column-1\" style=\"background-color: #5ad0e5; padding: 20px; min-height: 215px;\">\n<div class=\"iconImg\" style=\"display: flex; align-items: center; justify-content: center;\"><img loading=\"lazy\" style=\"margin-top: -67px;\" src=\"https:\/\/abcpa.sa\/en\/wp-content\/uploads\/2019\/03\/10.Why-do-you-need-a.png\" alt=\"Smiley face\" width=\"88\" height=\"88\" \/><\/div>\n<h2 style=\"text-align: center; color: #ffffff; font-size: 28px; margin-top: 0px;\">Why do you need an Audit of your business\u2019s Financial Statements ?<\/h2>\n<ul style=\"padding-left: 20px;\">\n<li style=\"text-align: left; color: #ffffff;\">Satisfy stakeholders, employees, customers, and suppliers as well as the investors, as to the credibility of financial information.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">Facilitate the payment of income tax and zakat accurately, thereby avoiding penalties and further investigation by DZIT.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">Comply with banking covenants.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">Help deter and detect fraud and material error.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">Facilitate the purchase and sale of businesses.<\/li>\n<\/ul>\n<\/div>\n<div class=\"sub-content-box-column-2\" style=\"background-color: #f5a26f; padding: 20px; min-height: 215px;\">\n<div class=\"iconImg\" style=\"display: flex; align-items: center; justify-content: center;\"><img loading=\"lazy\" style=\"margin-top: -67px;\" src=\"https:\/\/abcpa.sa\/en\/wp-content\/uploads\/2019\/03\/11.Audits-are-not-Just.png\" alt=\"Smiley face\" width=\"88\" height=\"88\" \/><\/div>\n<h2 style=\"text-align: center; color: #ffffff; font-size: 28px; margin-top: 0px;\">Audits are not Just for Public Entities<\/h2>\n<ul style=\"padding-left: 20px;\">\n<li style=\"text-align: left; color: #ffffff;\">All public companies are mandated to have their financial statements Audited annually, but some non-public entities must undergo an annual audit as well.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">These include limited liability companies, some government organizations, not-for-profit organizations, classified construction entities and organizations receiving government subsidies.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">Moreover, some financial institutions require audits of nonpublic companies based on the financing amount and\/or the bank\u2019s assessment of the company\u2019s risk.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">Also, companies with absentee ownership (such as those owned by investment firms or individuals who no longer run the business) may order audits as checks of the company\u2019s position.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div><div class=\"fusion-text fusion-text-3\"><div class=\"sub-content-box\">\n<div class=\"sub-content-box-column-1\" style=\"background-color: #ff89b5; padding: 20px; min-height: 215px; margin-right: 0px;\">\n<div class=\"iconImg\" style=\"display: flex; align-items: center; justify-content: center;\"><img loading=\"lazy\" style=\"margin-top: -67px;\" src=\"https:\/\/abcpa.sa\/en\/wp-content\/uploads\/2019\/03\/12.Our-Audit-Methodology.png\" alt=\"\" width=\"88\" height=\"88\" \/><\/div>\n<h2 style=\"text-align: center; color: #ffffff; font-size: 28px; margin-top: 0px;\">Our Audit Methodology<\/h2>\n<ul style=\"padding-left: 20px;\">\n<li style=\"text-align: left; color: #ffffff;\">We at ABCPA consider quality as the top priority when it comes to delivering the Audit.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">We deliver quality audits which are tailored to your particular operational structure and size.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">We have a team of qualified professionals who have sufficient experience in auditing various business sectors.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">By engaging with us, we assure you of the highest possible level of assurance as our Audit Methodology is tailored accordingly.<\/li>\n<li style=\"text-align: left; color: #ffffff;\">We also, assure you of a hassle-free audit process, through the use of our state of the art audit management tool \u201cDraftworx\u201d.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ABCPA - Audit Firms in UAE, Abu Dhabi, Saudi Arabia | Tax Advisor<\/title>\n<meta name=\"description\" content=\"Need a sound tax advisor hailing from one of the top audit firms in UAE? 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