Best Auditing & Accounting Company Dubai
STATUTORY AUDIT
Synergy Auditing provides authentic and genuine statutory audit services. For Government organizations, a statutory audit is a must to monitor and evaluate performance. It is a legal requirement to determine a company’s financial situation.
Usually, a statutory audit is meant to be conducted for the public. Experts doing the statutory audit provides review and track a company’s account and accounting processes to provide an unbiased and fair picture of a company’s financial situation.
Why Do You Need Statutory Audit Services?
The main purpose of statutory audit services is to implement control and track if the dedicated resources were utilized appropriately and accurately. The statutory audit is conducted not to imply suspicion of any mishandling of the resources but to convey to the organization healthily that any mishandling will be investigated thoroughly. This also helps to discourage and combat the mishandling the resources.
Who Performs Statutory Audit?
As discussed above, a statutory audit is required by the law. Only expert and skilled individuals can perform a statutory audit process. Synergy Auditing has experts with skills and knowledge of governing bodies, principles, and ethics. The exact combination required by a statutory audit professional. Our statutory audit services ensure that your company’s financial statements are accurate and reflect a fair and justified financial picture of your company.
Requirements For a Statutory Audit
To conduct a statutory audit, a company requires certain documents. The following are the documents required to conduct a statutory audit:
Procedure For Statutory Audit:
The statutory audit process starts with studying an organization’s operating system thoroughly. Followed by this, the statutory auditor investigates the internal mechanism and details of the accounts.
How Can Synergy Help?
At Synergy Auditing, we have experts with years of professional experience conducting statutory audits. Our skilled team stays up-to-date with the latest developments in the field to stay ahead of others. We take pride in creating value for our clients regarding statutory audits. We ensure that we stick to the global standards for accounting and audit services while maintaining the quality of the services, ensuring what we deliver is fair and accurate. Last but not least, our experts provide exceptional and up-to-the-mark auditing reports.
Why Do You Need Statutory Audit Services?
The main purpose of statutory audit services is to implement control and track if the dedicated resources were utilized appropriately and accurately. The statutory audit is conducted not to imply suspicion of any mishandling of the resources but to convey to the organization healthily that any mishandling will be investigated thoroughly. This also helps to discourage and combat the mishandling the resources.
Who Performs Statutory Audit?
As discussed above, a statutory audit is required by the law. Only expert and skilled individuals can perform a statutory audit process. Synergy Auditing has experts with skills and knowledge of governing bodies, principles, and ethics. The exact combination required by a statutory audit professional. Our statutory audit services ensure that your company’s financial statements are accurate and reflect a fair and justified financial picture of your company.
Requirements For a Statutory Audit
To conduct a statutory audit, a company requires certain documents. The following are the documents required to conduct a statutory audit:
- Documents containing the details of assets, bank statements, transactions, cash receipts, and payments.
- Details for secured and unsecured loans, payables and receivables.
- Local and import purchases.
- Details about local and export sales
- Information about inventory, administration, and sales expenses
- Documents containing details for foreign exchange and expenditures
- Statutory dues and levies
Procedure For Statutory Audit:
The statutory audit process starts with studying an organization’s operating system thoroughly. Followed by this, the statutory auditor investigates the internal mechanism and details of the accounts.
How Can Synergy Help?
At Synergy Auditing, we have experts with years of professional experience conducting statutory audits. Our skilled team stays up-to-date with the latest developments in the field to stay ahead of others. We take pride in creating value for our clients regarding statutory audits. We ensure that we stick to the global standards for accounting and audit services while maintaining the quality of the services, ensuring what we deliver is fair and accurate. Last but not least, our experts provide exceptional and up-to-the-mark auditing reports.