Auditors | Best Audit Firms In Dubai

Internal auditors are employees of the company, while external auditors on the other side work for an outside audit firm. Internal audit firms in Dubai will examine issues relating to the company business practices and risks, while external auditors examine the financial records and issue an opinion regarding the financial statements of the company.

Following are the main differences between the internal audit and external audit functions:

  • Internal auditors are employees of the company, where as external auditors work for audit firm.
  • Internal auditors are hired by the company, where as external auditors are appointed by a shareholder vote.
  • Internal auditors are only responsible to management of the company, where as external auditors are responsible to the shareholders only.
  • Internal auditors can submit their findings in any report format, while external auditors must submit their findings in the specific formats only .
  • Internal audit reports are used by management, while external audit reports are used by stakeholders, like as investors, creditors, and lenders.
  • Internal auditors job is to only examine the issues which are related to company business practices and risks, while external auditors job is to examine the financial records and issue an opinion regarding the financial statements of the company.
  • Internal audits are conducted throughout the year, where as external auditors conduct a single annual audit.

Best Audit Firms In Dubai provides both type of auditing and other accounting services all over UAE.

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