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Financial Control Audit

We assist in evaluating the adequacy and operational efficiency of your internal financial controls.

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Financial Control Audit

Financial control audit services in UAE

Financial control plays a crucial role in the internal control and auditing functions of any organization. Financial control audit services in Dubai are conducted by highly skilled internal auditors.

At Litrix, we have a team of experienced internal auditors dedicated to handling your financial control audits. Our experts assist you in mitigating financial compliance, regulatory, and internal financial risk management challenges.

What are financial control audit services in Dubai?

Financial control audit services in Dubai involve assessing and evaluating a company’s financial controls to ensure they are effective and compliant with regulatory standards. These audits are essential for identifying potential risks, improving financial processes, and ensuring accuracy in financial reporting, all of which contribute to the overall financial health and stability of the business.

Services under financial control audit:

  • Verify the occurrence, completeness, and accuracy of accounting transactions.
  • Ensure that cost reduction strategies have been implemented effectively.
  • Confirm proper authorization of all transactions.
  • Review segregation of duties to ensure proper recording of each transaction.
  • Conduct variance and break-even point (BEP) analysis.
  • Identify the most effective cost-reduction alternatives.
  • Ensure revenue and expenses are recorded in compliance with IFRS and GAAP standards.
  • Validate the accuracy of the gross profit margin.
  • Perform analysis to achieve optimal profitability.
Financial Control Audit

What is the process of financial control audit service in Dubai?

  • Planning
  • Financial audit tests
  • Account analysis
  • Preparation of audit report

What Litrix offer in financial control audit service in Dubai?

At Litrix, we follow a structured approach to align companies with robust internal controls. Our distinctive methodology includes:

  • Review of Existing Financial Controls: We thoroughly evaluate your current financial statements, testing available data for accuracy and compliance, ensuring a comprehensive understanding of your financial controls.
  • Risk and Opportunity Identification: We assess potential financial risks and uncover opportunities to enhance control and performance.
  • Integration of New Controls: We introduce advanced financial controls, focusing on fraud prevention, technology integration, internal policies, and procedures.
  • Implementation and Continuous Review: In the final phase, we implement the new financial control methods, ensuring continuous monitoring and improvement for long-term success.

How Financial Control Audit service in Dubai will benefit your Organization?

At Litrix, we follow a structured approach to align companies with robust internal controls. Our distinctive methodology includes:

  • Risk Identification and Mitigation Strategies: Establish robust policies to identify and address financial risks proactively.
  • Implementation of Effective Financial Controls: Enhance financial reporting and overall performance through the establishment of strong financial controls.
  • Insights on Financial Planning and Control Procedures: Provide valuable insights into effective financial planning, control measures, and comprehensive risk assessments.
  • Compliance with Accounting and Reporting Standards: Ensure adherence to relevant accounting principles and financial reporting standards.
  • Resource Management and Operational Efficiency: Achieve optimal resource utilization, enhance operational efficiency, and drive revenue generation while preventing fraud.
  • Development of New Financial Risk Management Policies: Formulate innovative policies for effective financial risk management.
  • Focus on Capital Restructuring and Credit Ratings: Prioritize capital restructuring efforts and improve credit ratings.
  • Integrated Risk Control and Compliance Initiatives: Implement cohesive initiatives that ensure effective risk control and compliance throughout the organization.

Why choose Litrix's Financial Control Audit service?

We aim to provide excellent Financial Control Audit services in Dubai, supported by our skilled auditors and thorough auditing solutions. Our team proactively suggests improvements and keeps management informed through clear communication. We focus on ensuring the integrity and transparency of the company’s finances, as accurate financial statements are crucial for maintaining the trust of shareholders and investors. We are committed to tackling challenges and finding valuable opportunities by understanding each client’s business. In the end, our clients receive the best Financial Control Audit services in Dubai and across the UAE!

OUR AUDIT SERVICES INCLUDE THE FOLLOWINGS:

Internal Audit
Due Diligence
Statutory Audit
Recovery audit
Operational Audit
DAFZA Approved Auditors
ADGM Approved Auditors
Business Valuation Assurance
DSO Approved Auditors
DIFC Approved Auditors
Stock Audit

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To date we are providing Accounting Services for more than 250 clients
across the UAE in Trading, Construction, Real estate, Healthcare,
Logistics and other services.
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+971 55 270 1475