External Audit Services

Parker Russell UAE are committed to providing top notch external audit services in Dubai, UAE.

With years of experience managing hundreds of corporate and personal clients that have trusted or audit opinions.

External auditing means ensuring that the operations and financial records of a business firm are accurate by employing the services of an external auditor. Accountants who work independently of an auditing firm are External auditors. They are necessary for all businesses to remain compliant with the laws of the government of the UAE. It is able to help sort current or impending issues, if any, and confirm the financial claims of the organization to be true.

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What is an External Audit?

An external audit is an examination that is conducted by an independent accountant. This type of audit is most commonly intended to result in a certification of the financial statements of an entity. This certification is required by certain investors and lenders, and for all publicly-held businesses.

Parker Russell UAE provides External Audit in the UAE. Our year-end external audit services are to ensure that financial and other information provided by companies are reliable and conform to statutory and International Financial Reporting Standards requirements.

As a member of Parker Russell International, a UK-based international audit firm, we are provided diverse technical skills, advice, and assistance. Also, periodic inspections are done by Parker Russell International to ensure that the quality of the audits done by Parker Russell UAE meets the requirements of Parker Russell International.

Scope of External Audit

Our audit and assurance practice provides both financial statement verification and integrated audit services. Above all, Our goal is to improve financial reporting processes and to comply with international accounting and auditing standards.

Our tried and tested approach, together with our multidisciplinary teams and efficient procedures provides the means for your organization to receive auditing & assurance services that meet the highest standards. Therefore, We guarantee that our service is independent, unbiased, professional objective, and technically excellent.

Our Accreditation

We are approved and registered auditor with the following government institutions:

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Ministry of Economy

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The central bank of the UAE

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RERA

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Ministry of Justice

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UAE Federal Courts

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Dubai Courts

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Most of the big banks in the UAE

Our Audit Process

PLANNING

We plan and perform our audit so as to obtain reasonable assurance about whether the financial statements are free of material misstatements.

 

  • Signing Engagement Letter
  • Initial Meeting with Client
  • Determining Audit Scope & Objective
  • Planning Resources & Timing
  • Internal Control Review
  • Audit Program

EXECUTION

We examine on a test basis all the amounts and disclosures in the financial statements with the supporting documents. Further, we peruse the accounting policies and procedures to comply with the required legal and other standards.

 

  • Test of Controls
  • Test of Transactions
  • Review & Supervisions

COMPLETION

We prepare and approve the auditor’s report and financial statements and express our opinion on financial statements and we discuss with our clients about the weaknesses that we found during our audit and provide suggestions to overcome those weaknesses and to improve its business and accounting systems.

 

  • Documentation of Audit working papers
  • Draft Reports
  • Draft discussion with Client
  • Release of Final Audit Report

Why Parker Russell UAE?

Making sound business decisions requires reliable financial reporting information. We work with all types of organizations, from the small to the large global companies, to help business leaders and stakeholders in all industries to communicate a fair picture of their financial performance.

Our experienced, trusted advisors can help with a variety of complex business issues and transactions. With our know-how, we can make recommendations for your organization’s finance function efficiency, articulate effective employee benefits programs, or realize value out of large volumes of data.

Our Strengths

Offices in the UAE

Clients Served

Years of Experience

Employees

List of Accreditation and Registration