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Interim Audit

An interim audit is a review conducted between the annual audits to assess a company’s financial performance and internal controls, helping to identify issues and improve processes before the year-end audit.

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An interim audit is conducted between two annual audits to assess interim earnings, enabling the company to declare an interim dividend or evaluate share value. This audit involves a comprehensive review of transactions and up-to-date records and accounts, occurring between two balance sheet audits.

Typically, auditors perform the interim audit on a client’s financial statements for a period of six to nine months. This approach benefits auditors by reducing their workload during the final audit at year-end, although not all audit activities may require this, depending on the auditor’s policy.

Additionally, an interim audit may be requested by the client, necessitating a review of their interim financial statements on a quarterly basis.

Can Interim Audit Services be Worth the Investment?

Investing in an interim audit is a smart move for your company. It provides investors and stakeholders with valuable insights into financial analysis and cash flow details. An interim auditor can help identify fraud and other issues, enhancing the overall efficiency of your cash flow and allowing for better control of your company’s financial situation. Additionally, this proactive approach can strengthen investor confidence and support informed decision-making. Ultimately, it positions your company for sustainable growth and success in a competitive market.

Advantages of Interim Audit:

  • Cost-effective
  • Ideal for large businesses
  • Accelerates the completion of the final audit
  • Facilitates prompt detection of errors and fraud
  • Provides valid insights for investors
  • Serves as a moral check on client staff
  • Ensures accounting records are up to date
  • Quickly assesses the status of assets and liabilities

We are here to help

Litrix, with a decade of experience, is registered with the Ministry of Economy (MOE) as a Licensed Auditor. Our audits are widely recognized by Mainland Authorities (LLC) and all major Free Zones, including DMCC, JAFZA, DAFZA, DWC, DIFC, and DSO.

With our expertise, we will help your company complete its interim audit, ensuring a smooth process for your final audit as well. Clients can quickly release their audited financial statements through an interim audit. With our support, you can focus on engaging with more customers and other important activities.

Our Other Services

Accounting

Service

Our world-class accounting solutions are more affordable and easier than you think.

Auditing

Service

We are approved auditors that can be counted on for all your audit requirements.

Tax

Advisory

We help set up your company the right way so it can be scaled up or down with ease.

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