Ways to Select a Good Auditor

Not all companies require the services of an auditor at all points of time. Their services might be only needed at the end of the financial year or before starting a company or before a company goes public. The reasons to hire one may be plenty but it is essential to hire a good and reliable auditor whatever be the situation. There are many firms that provides accounting and auditing services, for keeping record upto date, the business owner should hire accounting services in Dubai. Some of most important things to check before hiring an auditor in UAE are-

Accounting services in Dubai

The Auditor's Qualification and Training

You might be involved with a well preferred and famous audit firm, but it is important to be aware of the qualifications and experience level of the auditor assigned to you. The audit firm should not only send you well trained and professional auditors but also ones who are trained in the exact and specific requirement that your company needs him for. He should be aware of the quality systems followed by companies similar to yours. In the case that the auditor is a comparatively fresh-hand, it is important that there is a supervisor or manager to monitor his work. Ensure that only certified chartered and authentic auditors are being sent to conduct your business.

Full or Part Time Auditors

As important as it is to check whether your auditors are qualified, it is also important to check whether the auditor is part of the company or a hired sub-contractor. Accounting services in Dubai might also send contractors who are hired for a short period of time. It is probably in the best interests of your company if you can hire someone who is a full time employee of the audit firm. Subcontractors are usually more expensive in UAE and tend to not provide complete and comprehensive services when compared to full time auditors. You can probably avoid them unless your company requires a specialist for certain workings or functionalities for which you might have to look for a sub-contractor.

Reputation and Integrity

It is important to look out for the reputation and integrity of the audit firm and auditors that you will be hiring. If there is a conflict of interest then it might hurt the financial structure of your company too. When looking for Chartered Accountants in UAE, ensure that these accountants and auditors are from firms you can have a long term partnership with. If their practices and methods are not up to the standard or might affect your company's policies, then you should probably avoid it. While looking for virtual accountants as well as physical accounting, auditing and VAT Services, you can contact us at Virtual Accountants LLC.