At BMS Auditing, we offer top-notch financial audit services designed to ensure the accuracy and transparency of the financial records of your business. The financial statements of your business will be carefully examined as part of our financial audit in UAE, KSA, Qatar, Bahrain, Oman and India. The result of this thorough procedure is a validated audit report, which attests to the company's presentation of a fair, sincere, and objective financial statement.
A financial audit is a thorough review done by external experts to check the financial records, statements, and documents of the company. This helps make sure that the company's financial information is accurate, complete, and follows the rules.
The main goal of a financial audit is to improve the dependability of a company's financial condition and operational performance. This is done by conducting a precise financial statement audit. A financial statement audit is a systematic examination of financial statements, accounting records, and supporting documentation of an organization by an independent external auditor.
A company can identify internal management issues and gain crucial, in-depth insights by performing a financial audit. Through the use of these insights, the business is better able to manage its risks and problems, both present and future, and can make more informed choices.
BMS Auditing is one of the top audit firms in Dubai having branches all over the GCC Region and globally. BMS Auditing is providing the best financial audit services in UAE, KSA, Qatar, Bahrain, Oman and India.
A financial statement is a financial information summary of a company. It includes important details about the money the company has (assets), what it owes to others (liabilities), and what's left for the owners (equity).
A financial statement ensures compliance with the rules of Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), and International Financial Reporting Standard (IFRS) and alignment of the financial statement with reporting standards. To provide an accurate and authentic financial statement audit report, our skilled financial auditors carefully and attentively review the financial records.
In UAE, our auditors make sure your financial statements comply with the Accounting Standards in Dubai. Likewise, We are also experts in adhering to the regulations of every country specifically.
Types of Financial Statements
BMS Auditing conducts rigorous evidence collection when providing financial audit services in the UAE to ensure strict adherence to accepted financial audit methodologies and standards. BMS is offering different types of financial statement audit services which are:
- Financial statements for VAT
- Audit Statements for Free Zones
- Audit report for Corporate Tax
- Financial Statements for Excise Tax
- Audit reports for Custom Duties and Inventory
Under this, BMS Auditing is offering the best financial audit services providing financial audit statements like balance sheets, income, cash flow & Equity statements.
A balance sheet is a type of financial statement that explains the financial position of a company; a balance sheet contains three major elements:
The income statement, which is also known as a profit and loss statement, highlights a company's financial performance by presenting a net profit or a net loss. Two essential components make up the income statement:
Cash Flow Statement
A cash flow statement depicts the changes in cash and bank balances over a given period. Three main types of actions are covered by the statement:
- Operational activities
- Investment activities
- Financing activities
Change in Equity Statement
The changes in owner equity are displayed in the equity statement of alterations. The following elements can be used to analyze this statement's dynamics:
- Profit and loss statement
- Dividend disbursement
- Gains or losses
Need for Financial Audit Services
The requirement for an independent external auditor to evaluate the financial reports of organizations has been a major factor in fostering trust within the global financial systems.
The capacity of an Audit to guarantee that management has presented a truthful and unbiased picture of the financial status of a company and its performance is one of the major advantages. The relationship between company managers and stakeholders, who own or have a vested interest in receiving an accurate portrayal, is strengthened by an audit.
By ensuring regulatory compliance, promoting accountability and transparency, supporting informed decision-making, reducing fraud risks, and fostering a competitive edge, financial audit services play a crucial role for organizations.
Auditing Company - BMS Auditing
The team of certified auditors at BMS offers financial audit services to a variety of businesses, including shopping centers and global firms. Our strategy is based on an in-depth knowledge of the company and how it runs. We are devoted to resolving problems and identifying growth opportunities.
Financial audit services are of utmost importance to businesses operating in the UAE, KSA, Qatar, Bahrain, Oman, and India. These services are essential to ensure the accuracy and dependability of their financial records, compliance with legislative requirements, and awareness of potential opportunities and hazards.
BMS Auditing professional approved auditors provide financial audit services for MNCs, Malls and any range of businesses and are committed to seeking challenges to dig deep and find out valuable opportunities based on a thorough understanding of the nature of business and its processes. To get quality and timely financial audit services, Contact us!
Our auditing company provides exceptional and unique audit reports, and we are offering all varieties of professional audit services to satisfy diverse corporate demands, including: