Types Of Internal Audits | Vat Consultancy Services In Dubai

Internal Audit helps in assisting a company to achieve its objective by bringing a systematic and very disciplined approach to appraise and advance the efficiency of risk management, helps in controlling and governance process and compliance with applicable laws and regulations of UAE. Best Auditors In Dubai can perform different types of internal audits 

Some of the major areas of internal audits are as below:

1) Performance Audit: This type of audit is to check whether the company is fulfilling the measures which were laid down by the management in order to achieve the set goals and objectives of the company.

2) Regulatory Audit: This type of audit assesses whether the company is compliant with applicable laws, regulations, policies, and procedures of the UAE. Breakdown in compliance with some laws may result in heavy fines.

3) Operational Audit: This type of audit is conducted to measure the control mechanisms of the entire company for their overall competence and consistency.

4) Environmental Audit: This type of audit checks the influence of a company’s operations in regards to the environment and whether the company complies with the laws and regulations of the UAE pertaining to the environment.

5) IT Audit: Information Technology Audit covers the areas of the information systems and the fundamental infrastructure of the company. The purpose of this audit is to make sure the precision of their processing, security, and confidentiality of client information or intellectual property.

Auditors are also helping the companies in  Vat Consultancy Services In Dubai and UAE so that they don’t break the vat related law which may result in fines.

Comments

  1. Accountant Dubai30 March 2022 at 04:47

    Insightful informative blog.
    Appreciate your thoughts.
    Thanks for sharing...
    accounting services in dubai

    ReplyDelete

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