An audit is not only a year-end formality. It is a review of whether the accounting records, balances and supporting documents present a reliable financial picture. If the accounting file is weak, the audit becomes slow, costly and full of repeated questions.
Al Kalema supports clients before and during the audit by cleaning ledgers, reconciling banks, preparing schedules for fixed assets, receivables, payables, loans, revenue and expenses, and organizing the document file. We coordinate with the external auditor while keeping management informed of open points.
The UAE Commercial Companies Law requires joint stock companies and limited liability companies to have one or more auditors for annual audit of accounts, and to prepare annual financial accounts using international accounting standards. A prepared file improves audit efficiency and gives stakeholders more confidence.