Khalifa Fund was established in June 2007 by the virtue of the (Law 14 of 2005), as an independent, Not for Profit Small and Medium Enterprises (SMEs) Socio-Economic Development agency of the Government of Abu Dhabi.
The purpose of establishing the fund is to help develop local enterprises in Abu Dhabi by instilling and enriching the culture of investment amongst UAE nationals, as well as supporting and developing small to medium-sized investments in the Emirate. Khalifa Fund started with a total capital of AED 300 million, which was gradually increased to AED 2 billion and covering all the UAE.
Financial Audit Report
A financial audit is an independent, objective evaluation of an organization’s financial reports and financial reporting processes. The primary purpose of financial audits is to give regulators, investors, directors, and manager’s reasonable assurance that financial statements are accurate and complete.
Financial statements are supposed to depict the “True and Fair” position of the business and a financial audits conducted to provide an opinion whether “financial statements” (the information being verified) are stated in accordance with specified criteria. In providing an opinion whether financial statements are fairly stated in accordance with accounting standards, the auditor gathers evidence to determine whether the statements contain material errors or other misstatements.
BMS is equipped with sound professionals to do the audit procedures adequately to provide you with the best possible service.
In addition, financial audit exists to add credibility to the implied assertion by an organization’s management that its financial statements fairly represent the organization’s position and performance to the firm’s stakeholders. The principal stakeholders of a company are typically its shareholders, but other parties such as tax authorities, banks, regulators, suppliers, customers and employees may also have an interest in knowing that the financial statements are presented fairly, in all material aspects.
We are confident that our audit procedures, in accordance with professional standards, will always provide you a true and fair view of your financial statements.
BMS AUDITING & CONSULTING CO. Suite No.1001, 10th floor, Smart Height, Dubai, United Arab Emirates PH: +971 45516399 | MOB : +971 555569829 email@example.com | firstname.lastname@example.org