Financial Statement Audit

Financial Statement Audit

A Financial Statement Audit is an independent examination of a company’s financial statements to ensure that they are accurate, complete, and prepared in accordance with applicable accounting standards, such as International Financial Reporting Standards (IFRS). The audit provides assurance that the financial statements fairly represent the company’s financial position and performance.

Key Points:

Reviews balance sheets, income statements, cash flow statements, and equity statements.

Verifies the accuracy and completeness of financial records.

Ensures compliance with UAE laws and accounting standards.

Provides stakeholders, investors, and regulators with confidence in financial reporting.

Purpose:

The audit helps organizations maintain transparency, build trust, and ensure compliance with regulatory requirements, while also identifying discrepancies, risks, or errors in financial reporting.