Accounting Auditing Statutory Audit

MBK Auditing performs statutory audit, which means audit of annual financial statements required by a statute or a governing law. The statutory audit is required for license renewal, loans, credit facilities, vendor registration, ICV and ESR Reporting. We are registered as auditors in ADGM, DIFC, and all other free zones in the UAE. We are also approved auditors by major commercial banks and financial institutions.

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Internal / Management Audit

Main objective of the internal auditing is to evaluate and improve the effectiveness of the risk management strategy of an organization. The internal auditing conducted by MBK Auditing focuses on the examination of the effectiveness and efficiency of the financial and operational function within an organization.

We conduct internal audit to help the owners/management to identify the weakness in the internal control systems and to suggest measures for improvement. We also guide and assist in analysis of the performance and financial position of the business.

ADGM requires all regulated entities to appoint Internal Auditors.

Book Keeping and Accounting

We provide book keeping services either by visiting the clients’ office weekly or monthly. We can also maintain the accounts remotely, if required. We use multiple software such as Tally, Quick Books and Zoho, and can also work on any other software preferred by the client. The accounting services would include:

  • Choosing the right software for your business and implementing it in the right manner
  • Recording the transactions as per international accounting standards
  • Reconciling the bank, customers, vendors and inter-company accounts
  • Passing closing entries
  • Giving you monthly management reports in time and explanation of the financial health
  • Training you to look for the right number which will assist you in your business decision making

Accounting Supervision

If the client has a full time junior accountant or a admin staff taking care of basic book keeping, we can provide supervisory services to ensure that the accounting records are complete, correct, and in compliance with VAT and other regulations.

We periodically visit clients’ place to verify the books of accounts. We submit a monthly report and also guide the management and accounting staff from time to time.

Forensic Audit

MBK Auditing investigates the instances related to financial frauds and submits the report as required by Public Prosecutor.

The forensic auditing provides litigation support by means of accounting data. Our services are also valuable when people or entities have to prove a point in the court of law or even when, a defendant has been erroneously charged. Many companies or individuals may have the requirements of investigating audits and our team has specialized skills in investigatory auditing.

Information System Audit

As the business organizations are more and more technology driven and commercial activities are happening online, the need for Information system audit has increased manifold.

The benefits include standardization, improved business efficiency and system and process control, plan for contingencies and disaster recoveries, manage information and develop a related system, evaluation of the effectiveness and efficiency of the use of the information systems.

We do information systems audit as required by ADGM as part of internal audit as well as for client money and safe custody reports.

“ We offer multitude of services and for details, visit our services page and get the details of the support and consultancy for the businesses. We are always prepared to talk to our customers. Get connected. ”

Dubai
1904, Al Moosa Tower 2, Near Emirates Towers Metro Station & Millennium Hotel, Sheikh Zayed Road, Dubai United Arab Emirates
+971 4 3585 133
Abu Dhabi:
M2, Al Sultan Bakery Building,
Sector 18-01, Muroor St. P.O. Box 26380
+971 2 564 8444
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