Tips to Choose a Good Auditor

Some companies do not need the assistance of an auditor at any point in time. They may be required at the close of the financial year, prior to the beginning of a new company, or prior to a company going public. The reasons for hiring an auditor could be numerous, however, it is crucial to choose a reputable and reliable auditor no matter the circumstances. Accounting services in Dubai are important for every business to keep their financial records maintain.

One of the most important aspects to look for before hiring an auditor in UAE are:

The Auditor's qualification and training

It is possible that you are associated with a highly-respected and well-known audit firm however, it is crucial to know the credentials and experience of the auditor that is assigned to you. The firm that audits you will not just send you highly trained and experienced auditors, but also those that are educated in the exact requirements that your business requires them to fulfill. The auditor should be aware of the systems of quality that are used by companies that are similar to yours. In the event that the auditor is a relatively new employee, it is essential that there is an administrator or supervisor to supervise his work. Be sure to only employ certified authentic and chartered auditors are employed to manage your company.

Accounting services in Dubai

Part or Full-Time Auditors

As crucial as it is to ensure that your auditors have the right qualifications as well, it is crucial to determine if the auditor is a part of the business or a sub-contractor who is hired. Auditing services offered in Dubai may also have contractors that are employed for a limited duration. It's beneficial to your company to employ someone who is a full-time employee of the firm that audits. Subcontractors typically cost more in the UAE and are less likely to offer a full and complete service in comparison to full-time auditors. It is probably best to avoid them unless you require the services of a specialist in certain areas or tasks in which case you may need to find a subcontractor.

Reputation and Integrity

It is essential to check for the credibility and reputation of the audit company and auditors you'll employ. If there's any conflict of interest, it can affect the financial stability of your business too. If you are looking at Chartered Accountants in UAE, make sure that the auditors and accountants come from companies you can form an ongoing relationship with. If their methods and practices aren't up to standards or could impact your company's policies, you should avoid them.

Contact Us

Virtual Accountants LLC is a firm of chartered accountants and VAT consultants that was established in Dubai, UAE in the year 2016. We offer a host of services in the field of Accounting such as Taxation, Statutory and Internal Auditing, Management Consultancy, and much more to individuals as well as other accounting and bookkeeping firms.