Financial Control Audit
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Financial control audit services in UAE
Financial control is a critical part in the internal control and auditing function of any organization. Financial control audit service in Dubai is performed by highly-skilled internal auditors.
We at RTS Business Consulting have a team of experienced internal auditors to work on your financial control auditing. Our team assists you in mitigating the financial compliance, regulatory and internal financial risk management.
What is financial control audit service in Dubai?
During a financial audit control, the auditor reviews how the bookkeeping is done, how transactions are entered into the system, how financial transactions are reported and how adequate and secure the internal controls are. It is performed by the internal auditors rather than the external auditors for effective management. It ensures that the resources and capacity available to the entity is utilized to the maximum by the entity.
Services under financial control audit:
- The occurrence, completeness and accuracy of the accounting transactions will be checked
- Check whether cost reduction measures have been practiced
- Check whether transactions are authorized
- Check whether duties have been segregated to record each transaction
- Variance analysis and BEP analysis
- Finding the best alternative of cost reduction
- Affirm that revenue and expenses have been recorded as per IFRS and GAAP
- Validation of gross profit margin
- Analysis for optimum profitability
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What is the process of financial control audit service in Dubai?
- Planning
- Financial audit tests
- Account analysis
- Preparation of audit report
What RTS Business Consulting offer in financial control audit service in Dubai?
We use a systematic approach and align companies according to its internal controls. Our unique approach include,
- Review existing financial controls – We analyze the existing financial statements by testing available financial data. The accuracy and compliance of these reports ensure a complete overview of the financial controls.
- Identify risk and opportunities – Identify any potential financial risk and find opportunities to improve it.
- Integrate new controls – In this phase, we introduce new financial controls from fraud prevention, technology adoption, internal controls, procedures, and policy.
- Implement and review – In the last stage, we implement effective financial control methods and ensure continuous monitoring.
How Financial Control Audit service in Dubai will benefit your Organization?
- Risk identification and mitigation policies
- Implement effective financial controls and improve financial reporting as well as financial performance.
- Insights on financial planning, control procedures, and risk assessment
- Adhere to accounting and financial reporting standards
- Good resource management, increased operational efficiency, revenue generation, and fraud prevention.
- Find new financial risk management policies
- Focus on capital restructuring and credit ratings
- Integrated risk control and compliance initiatives.
Why choose RTS Business Consulting?
We aim to provide one of the best Financial Control Audit services in Dubai with professional auditors and comprehensive auditing services.
Our experts provide upgrades proactively and include management through powerful correspondence. We ensure integrity and transparency of the company’s financials. The accuracy in financial statements is necessary to maintain the confidence of shareholders or investors. We are committed enough to seek all the challenges and find valuable opportunities based on deep understanding of the nature of business. Finally, our clients get most valued Financial Control Audit services in Dubai or anywhere in UAE!