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Audit Assurance services

Audit services you can always count on
for your benefit

External Audit

NAS Chartered Accountants has the reputation of being the best and top external audit, internal audit and compliance audit firm in Abu Dhabi, UAE. The Audit and Assurance Practices of NAS Chartered Accountants adhere to the International Standards on Quality Control, Auditing, Review, Other Assurance and Related Services issued by International Federation of Accountants (IFAC).

Our approach includes analysis of business performance against management objectives, evaluation of business processes, assessment of business risks and comparison with industry standards. External audit is recommended to every organization due to dynamic global market, change in business pattern and also increase in complexity of reporting standard due to mandatory compliance to company law requirement. External audit is compulsory for all the companies registered in the UAE and NAS is considered is the most reliable external audit agency in UAE.

NAS audit assurance services

NAS Chartered Accountants 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. Our audit, with its controls and the audit committee's oversight, assists in mitigating reporting errors. The scope of our audit covers regular views on your financial statements, Insights on improving controls, Updates on regulatory developments and accounting change, Open and ongoing dialogue with the audit committee.

How NAS Chartered Accountants supports
your business in external audit services?

Independent review of financial statement.
Keeping client updated about changes in accounting rules and regulation


Compliance with local and international law.
Dealing with complexity of business and applicability of international law.

We also perform an analysis of the organization and its internal controls in order to design our audit procedures. We communicate effectively and efficiently with our clients so as to keep them informed throughout the year. Our recommendations are practical as well as enhance the business development of our client. In external audit we verify the accounting records and examine all the other supporting evidences for each financial transaction. The objective of external audit is to provide assurance to the management that the financial statement presents a true and fair view of the companys financial performance.

Internal system & Control system reviews

In today world, the business atmosphere is intense, and your competition both vast and severe. To gain the upper edge and review your financial status in the contemporary scenario, you need experts who can help you manage your companys financial plans as closely and as accurately as possible. NAS Chartered Accountants has a reputation of bringing to you the services of the best chartered accountants and internal auditors in UAE. With a long list of clientele to acknowledge our work, we are indeed the best in the financial management business. Our reputation has been earned through years of dedicated performance in internal audits in Abu Dhabi and Ras Al Khaimah, UAE. From the top players of the corporate world, to small and medium business, we are one of the few Internal Audit firms in UAE to cater to such a vast range of clients. At NAS, we specialize in conducting Internal Audit for our clients throughout UAE. Our audit, with its controls and the audit committee's oversight, assists in mitigating reporting errors. We also regularly share our perspectives on our clients' business, observations and best practices.

Nas Internal Audit Services Abudhabi

The scope of our internal audit covers regular views on your financial statements, Insights on improving controls, Updates on regulatory developments and accounting change, Open and ongoing dialogue with the audit committee. We use our experience with other similar businesses to provide insights and advice to help you make better judgments and anticipate opportunities and challenges. The role of our Internal Auditors include supervising, evaluating, investigating and analyzing organizational risk and controls; and reviewing and confirming information and compliance with policies, procedures, and laws. We work together with management, providing assurance that risk are reduced as far as possible and that the corporate structure and governance of the company is forceful and capable. In addition to the above, our internal auditors make recommendations for improvement of processes, policies, and procedures. Our experienced internal auditors are equipped to answer your regular queries and questions with the accounting system.

OUR INTERNAL AUDITING ACTIVITIES ENSURES THE FOLLOWING:

Advising client on developing practical internal control   measures that enhance the control environment.
Internal control system study and evaluation.
Evaluate risk exposures relating to the organizations   governance, operations and information systems.
Assisting with linking operational strategies and risk   performance measures to business goals Effectiveness   and efficiency of operations.
Reliability and integrity of financial and operational   information.
Advising on managing core operational risk, especially   those related to the reliability of business operations.
Safeguarding of assets Compliance with laws, regulations and contracts
Compliance with laws, regulations and contracts
Advising on how to implement an effective and secured   internal control environment.
Accomplishment of objectives and goals of an   organization through ethical and effective governance.
Training and assisting of staff.

We also perform an analysis of the organization and its internal controls in order to design our audit procedures. We communicate effectively and efficiently with our clients so as to keep them informed throughout the year. Our recommendations are practical as well as enhance the business development of our client. In external audit we verify the accounting records and examine all the other supporting evidences for each financial transaction. The objective of external audit is to provide assurance to the management that the financial statement presents a true and fair view of the companys financial performance.

IFRS Financial Statements

NAS Chartered Accountants helps clients in preparing general purpose financial statements in IFRS frame work in Abu Dhabi, UAE. We have a team of experienced professionals who complete the work timely, accurately and in understandable manner with due professional care. This will help the client in reducing costs, so the management can concentrate on making important business decisions and accounting staff can concentrate on their daily activities.

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OUR SERVICES INCLUDE

A Develop the financial statements template according to   the business and according to the revised or new IFRS and   related interpretations.
Assist or train the staff to respond the information    request lists and reconciliations.
Preparing information request list and circulating among   staff including different departments.
Prepare financial statements as per requirements and   formats of financial agencies or suppliers.
Working with the proven technologies.
Financial statements analysis, price index calculations.
Notes to Financial statements and management reporting.
Analysis of issues related to the organization and their   impacts on annual, 6 monthly reporting and consolidated   financial statements.


We also perform an analysis of the organization and its internal controls in order to design our audit procedures. We communicate effectively and efficiently with our clients so as to keep them informed throughout the year. Our recommendations are practical as well as enhance the business development of our client. In external audit we verify the accounting records and examine all the other supporting evidences for each financial transaction. The objective of external audit is to provide assurance to the management that the financial statement presents a true and fair view of the companys financial performance.

Audit Assistance

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.

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NAS Chartered Accountants 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.

OUR SERVICES INCLUDE

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.

HR Audit

The people in an organization are the prime factor of success of any organization. They have to be effectively allocated and engaged in various affairs of business for effective management. Many companies are implementing innovative practices to motivate and retain their talented pool. It has to be assured by a systematic audit procedure which is called HR audit that is deliberate and detailed analysis of HR standards and polices.

NAS auditing service in Abudhabi

Recruitment, training, compensation, conflict management and motivation all these are common functions of Human resource management. All these functions/activities have to be reviewed and evaluated in order to ensure the efficient HR policies and management system. HR Audit is done to evaluate HR policies and practices in the company and also to evaluate how effective and accurate the services are. HR strategies are analyzed in order to draw up the most appropriate plans to keep the employees happy and satisfied so as to retain them in the company for years. NAS Chartered Accountants has been the leading HR Auditors in Abu Dhabi and Ras Al Khaimah, UAE who provides business firms in UAE with a clear indication of where it stands in the current employee scenario highlighting specific opportunities for change to improve HR policies.

OUR SERVICES INCLUDE

Verification of Master Data with Personal File or any other excel sheet.
Verify Employee Manual and suggest alterations.
Verification of Joining date / Confirmation date.
Verification of salary data with accounts.
Sample checking of verifying proof of investments.
Verifying leave records with Leave Register / Access machine reports. Reporting structures / authorizing manager.
Check transfers with respect to historical HR data entered, dates etc.
Check resigned employees and the Full & Final procedure processes, computations.
Verify Organizational Structure and make changes accordingly.
Verify Job profiles and suggest alterations.
Proper audit of all documents to be maintained for legal compliance.
Performance Appraisal methods and suggestions.

HR audits conducts by NAS ensures better focus and direction for a higher satisfactory level of operation in the HR functions of your company. It will also facilitate higher compliance with HR policies and procedures leading to satisfied workforce in your firm.

Information Systems & Risk Management

An IT audit is the examination and evaluation of an organization's information technology infrastructure, policies and operations. NAS provides reliable and accurate audit of your IT systems. The audit is designed as to take into consideration the goals, objectives and finances of the clients firm.

NAS risk management

Our IT auditors perform rigorous audits on an organizations information technology, including all applicable systems and processes. They will discover security risks and identify inefficiencies in existing information systems. They will determine whether your organizations IT procedures and controls meet regulatory standards and maintain regional legal compliance. We will also report on IT governance, the ongoing process of aligning information technology goals with strategic business objectives.

OUR AUDIT PATTERN INCLUDES THE FOLLOWING

Determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organizations goals or objectives
Identification of the inherent risks of technology deployed in client's business processes.
Ascertaining the cost-effectiveness of the firm IT systems.
Spotting excesses and wastefulness in IT systems and operations.
Detecting weak management of IT systems and inconsistent service.
Determining the level of adherence to relevant IT laws and standards.

IT Audit is an integral part of any company as it ensures that the systems are adequately protected. IT audit also support to reduce risks of data tampering, data loss or leakage, service disruption and poor management of systems. The NAS team of IT auditors are certified and well experienced who are capable of conducting effective IT Audits in your firm ensuring safety, integrity and compliance of systems and practices.

Mergers & Acquisitions

NAS Chartered Accountants specializes in providing the right and accurate guidance and information to our clients for deals, mergers and acquisitions in UAE. We have the safety and financial feasibility of our clients as our top priority. Hence we give utmost importance to develop the right strategy before each deal, SWOT analysis, negotiations and value fixations. Hence our clients are in a better position to work out the most strategically feasible business mergers and acquisitions for them.

NAS Chartered Accountants

The expert team of NAS Chartered Accountants advises clients from strategy to execution to capturing value post deal. We ensure that our clients are in a better position to expedite their deals, minimize their risks, capture and deliver value to their stakeholders, and quickly return to business as usual. NAS provides advisory services on various negotiation strategies and on deal executions with the potential sellers/buyers keeping your interest safe and foremost.

OUR SERVICES INCLUDE

Pre-acquisition review: this would include self-assessment of the acquiring company with regards to the need for M&A, ascertain the valuation and chalk out the growth plan through the target.
Search and screen targets: This would include searching for the possible apt takeover candidates. This process is mainly to scan for a good strategic fit for the acquiring company.
Investigation and valuation of the target: Once the appropriate company is shortlisted through primary screening, detailed analysis of the target company has to be done. This is also referred to as due diligence.
Acquire the target through negotiations: Once the target company is selected, the next step is to start negotiations to come to consensus for a negotiated merger. This brings both the companies to agree mutually to the deal for the long term working of the M&A.
Post merger integration: If all the above steps fall in place, there is a formal announcement of the agreement of merger by both the participating companies.

M & A's are considered as important change agents and are a critical component of any business strategy. The known fact is that with businesses evolving; only the most innovative and nimble can survive. That is why, it is an important strategic call for a business to opt for any arrangements of M&A. Mergers and Acquisitions can generate cost efficiency through economies of scale and enhance the revenue through gain in market share. It is also beneficial for financial leveraging.

Due Diligence

Due diligence is an investigation or audit of a potential investment to confirm all facts, such as reviewing all financial records or anything else deemed material for the investment. NAS Chartered Accountants offers due diligence services to business firms in Abu Dhabi and Ras Al Khaimah, UAE. The main objective is to establish the true value or cost of a business transaction and the right information can contribute to how the terms of your agreement are drafted. Due diligence identifies issues so they can be tackled early and will empower you to negotiate the best terms for your firm in case of M & A's.

NAS Chartered Accountants

We help investors make better deal decisions by performing due diligence, assessing revenue growth and cost reduction opportunities to determine a target's full potential, and providing a clear post-acquisition agenda. We conduct due diligences with the aim to present due diligence reports and business analyses for our clients. These reports will in turn be the integral component of your decision-making and negotiation processes. The entire process is carried out in a confidential and unbiased perspective.

OUR SERVICES INCLUDE

Financial due diligence
Tax due diligence
Legal due diligence

The reports are prepared as to focus on providing value-added services that enhances client business decisions by combining a thorough understanding of technologies, logistics, corporate strategy and finance. The facts are summarized into concise, easily understood terms so as to ensure clarity and credibility. NAS Chartered Accountants being one of the top ranked charted accounting and due diligence services firm in Abu Dhabi, UAE aims to clearly bring out, in our due diligence review reports, the outcome of the engagement supported by findings in each area along with adjustments proposed to achieve the objectives of the client interest.

Business Valuations

NAS Chartered Accountants provides a full range of business valuation services like Purchase or sale of closely held business or business interests, Investor financing, Small Business Administration loans, Analysis and advice concerning pending offers to purchase etc. We use many methodologies and techniques within the three broad valuation methods of asset or cost method, market method, and income method, including guideline companies and research of databases, discounted cash flow, and replacement cost new. We have extensive experience in preparing business valuations for a variety of companies ranging in size from small family- owned businesses to multinational corporations.

business valuations in nas chartered accountants

Business valuation methods fall into different categories, depending upon their major focus. They are book value and liquidation value method, debt-paying ability, capitalization of earnings or cash flow, gross income multipliers, and dividend-paying ability methods. Through our business valuation process, we can help answer the questions that will lead you to make informed decisions for your future. Moreover possessing an understanding on one's business value is perhaps the key ingredient when aiming to undertake a host of strategic activities and decisions.

OUR BUSINESS VALUATION SERVICES INCLUDE

Sale of a business
Acquisition of a business
Identification and valuation of intangible assets
Strategy development and financial modeling
Statutory compliance valuations
Estate and gift valuations

Some clients may not require a formal comprehensive business valuation report; we are able to customize our financial services to meet their needs. We can provide short form reports to assist with:

Preliminary business value indications
Clarification of financial issues
Value provisions of a shareholder agreement
Critique of a report prepared by another business valuation firm

NAS Chartered Accountants is the professional and experienced Business valuation advisor in Abu Dhabi, UAE who will work with you whether you are buying, selling or reorganizing your business.

Forensic & Fraud Investigations

Fraud and corruption can destroy an organization's reputation, shake investor confidence and result in civil and criminal prosecution of directors and management. The impact of fraud upon an organization can be devastating. NAS Chartered Accountants works in tandem with our client to minimize the risk of fraudulent operations. Our teams of experts are skilled to find out frauds and act purposefully in uncovering the fraudulent practices with ample proof and evidence. We have developed a range of services that can assist your organization reduce the likelihood of fraud and corruption occurring and when it does, identify it more readily.

NAS chartered accountants

The major goal of a financial investigation is to identify and document specific events involving the movement of money. Our experienced forensic accountants can help you implement anti-money laundering techniques and assist you with risk management. We establish the facts, collect and preserve evidence, assist recoveries and lay a foundation for criminal or civil action. Our ability to undertake covert and overt investigations spans across various industry. We help clients to avoid costly and unnecessary disputes and litigation. When things go wrong, we have experienced independent experts to assist them to obtain a successful resolution by providing independent, authoritative and objective analysis of the accounting and financial complexities.

OUR FOCUS OF FRAUD INVESTIGATIONS INCLUDES

Fraud and forensic investigations and auditing
Fraud awareness training
Valuation Disputes
Theft and embezzlement investigations
Conflicts of interestvaluations
Misappropriation of corporate assets

Business Restructuring

NAS Chartered Accountants is one of the leading business consultancy firm in UAE for business restructuring, business recovery and insolvency services. Our professionals are valued by clients for their ability to quickly identify problems, gain cooperation, develop viable solutions and implement them with sensitivity and precision. Our experienced teams can offer a full range of advisory and implementation services, from turnaround and restructuring plans to optimized exit strategies. We provide the required support to our client for business restructuring in a financially distressed situation.

NAS chartered accountants

OUR SERVICES INCLUDE

Independent business review
Review of options and recommendations
Financial advice and assistance in the design, negotiation and implementation of the situation
Contingency planning
Simplify corporate structure Identify controlled exit plan
Business and operational restructuring and implementation Corporate insolvency

Liquidation / De-Registration Services

NAS Chartered Accountants offer Liquidation/De-registration Services to limited liability companies, free zone companies and offshore companies in Abu Dhabi, UAE. We undertake liquidation and execution of all the steps and requirements within the companies dissolution in UAE.

Audit in abudhabi

According to the commercial law of the United Arab Emirates UAE a company can be liquidated and Deregistered in the following cases

Majority of the shareholders decide to liquidate the company.
Company suffers insolvency which caused a cumulated losses which is greater than half of the Authorized Capital.
A court ruling to dissolve and liquidate the company.
Voluntary liquidation

OUR SERVICES INCLUDE

Majority of the shareholders decide to liquidate the company.
Company suffers insolvency which caused a cumulated losses which is greater than half of the Authorized Capital.
A court ruling to dissolve and liquidate the company.
Voluntary liquidation
Simplify corporate structure Identify controlled exit plan
Business and operational restructuring and implementation Corporate insolvency