In most companies the accounting staff or management are not experts in the preparation of the accurate financial statements or are not able to answer in details the questions that may be asked by the statutory auditor. This may lead unwanted pressure and tension on the accounts staff during the time of statutory audits. This happens in many firms wherein everyone involved in audit goes through tension leading to utter confusions. This in turn leads to inefficient audit which itself kills the motive behind the statutory audit.
NAS offers business firms the expertise and experience of its professional team of auditors in UAE which will help you face the statutory audit process in the most meaningful and effective manner. Our experienced industry specific staff can help you to calculate and prepare the revenue recognition under IFRS 15 in order to have a proper closing of accounts. Also we can assist on the fair valuation of financial assets and impairment on investments.
With years of experience in the field of auditing, we provide team for audit assistance in UAE in your firm with deep knowledge in IFRS Frame work and familiarity with International standards on auditing and quality assurance.
|Prepare financial statements||Establish account grouping or classifications in the financial statements|
|Evaluate and determine estimates included in financial statements||Preparation of calculation sheets and supporting schedules for financial statements|
|calculate and prepare the revenue recognition under IFRS 15||Preparation of schedules|
|Reconciliation of accounts||Evaluate accounting policies or procedures|
|Prepare footnote disclosures||Year-end closing process|
|Assistance in answering queries of external auditor|