AL MAQTARI AUDITING - financial reports

Audits are performed to ascertain the validity and reliability of information; apart from providing an assessment of a system's internal control. The goal of an audit is to express an opinion on the financial statements under evaluation based on work done on a test basis. Management is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards (IFRS).

Due to practical constraints, an audit seeks to provide only reasonable assurance that the statements are free from material error. Hence, statistical sampling is often adopted in audits. In the case of financial audits, a set of financial statements are said to be true and fair when they are free of material misstatements.

 

Assurance of Quality

Our objective of audit engagements is not only to provide our valued clients with an opinion on financial statements but also to provide them with constructive recommendations that will make their financial and accounting systems highly developed. We work along with our clients in pursuance of competence and excellence.

We understand the necessity of auditors and advisors to be highly competent in identifying businesses strategies and replicating them into their approach. This not only improves efficiency but also enhances the quality of the service.

Our audit emphasizes planning and conducting the work in accordance with International Standards on Auditing (ISAs) pronounced by the International Auditing and Assurance Standards Board (IAASB) under the auspices of the International Federation of Accountants (IFAC) and applicable requirements of the UAE laws, determining the key risk areas and issues critical to the audit and communicating results with suggestions to management.

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We also provide accounting services.