Business process management auditing has become a highly specialized sector in itself. The Big 4 firms specialize in providing a wide variety of auditing services apart from their core business of financial accounting. Apart from providing a complexity of audit services from the CPA, the Big 4 firms also specialize in the provision of other related services like tax planning, consulting services, legal services, and a host of others.
Small and medium enterprises also have a part to play in the arena of auditing companies. In order to be competitive in this field, the SME must be able to offer value added consulting services and value added products to its customers. This will enable it to survive the tough competition among auditing companies. Many of the Big 4 firms provide IT consulting services to SMEs as well. Thus a SME can leverage the services of an auditing company in addition to its own expertise in IT related activities.
The major offerings of the Big 4 firms include forensic audits, audit management, strategic audits, risk assessments and security controls, management systems and information security audits. IT and strategic consulting services form a major part of the overall consultancy offerings of the Big 4 firms. These consulting services enable auditors to understand the objectives of a particular audit, as well as help it achieve its goals through a systematic approach.
The auditing companies of Dubai strive to maintain a very high standard of service standards. They hold training sessions for all their employees to ensure compliance with international standards. The trained auditors themselves undergo periodic refresher training program to ensure they are up to date with the latest tools and technologies used in auditing. Only qualified personnel are permitted to conduct any kind of financial statement audit in Dubai.
One of the major advantages of hiring an auditing company of Dubai is that the professionals employed by such firms have strong international skills and are expected to have expertise in a wide variety of fields. The highly skilled personnel of the auditing companies of Dubai specialize in a number of fields, including international banking, corporate finance, accounting, auditing, fraud prevention, management, information security, supply chain etc. The trained personnel can even specialize in specific areas of auditing, depending on the specific requirements of the clients. For example, they can audit financial statements from non-English speaking countries. Also, the auditors can focus on one country’s market instead of auditing multiple countries at the same time. This would enable the client to get the best value for money in terms of return on investment.
Another advantage is that due to the size and scope of auditing in Dubai, many multinational companies have their head offices in Dubai. So companies that require specialized expertise can be easily attracted to hire the services of an auditing company of Dubai. The Dubai government also provides various legal and regulatory support to its emirate’s domestic firms and attracts a large number of international companies too. As a result, the demand for qualified auditors of Dubai is high. So it is easy to find a number of reputed auditing companies of Dubai in and around Dubai.
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