Due Diligence Services in Dubai UAE | Due Diligence Audit

A Due Diligence Audit is an audit conducted internally that ensures that the business is ready to sell goods & services. It seeks to resolve the questions & issues that may occur during the selling process, and ensures that the company is ready for any problem during due diligence.

Why is Due Diligence Audit in UAE important?

A Due Diligence Audit will make sure that all transactions made have a lower chance of risk, incompletion & errors. If something is missing in a transaction, due diligence will find & rectify this mistake. A Due Diligence Audit benefits both sellers & buyers, however, sellers will obviously benefit more from a Due Diligence Audit than buyers.

Steps involved in a Due Diligence Audit in UAE:

The due diligence audit revolves on asking complex yet informative questions regarding every stage of a company’s transactions. The questions vary for each type of Due Diligence Audit, and the types are:

• Financial due diligence
• Legal due diligence
• Operational due diligence
• HR due diligence
• Tax due diligence

Benefits of a Due Diligence Audit in UAE:

The value added by a Due Diligence for each type of Audit includes:

1. Financial:

• Determine which expenses have increased more quickly than income.
• Determine any long-term or seasonal trends in income.
• Compare with colleagues in the industry.
• Utilise the gathered data to create a more cautious budget.
• Determine and cut off wasteful expenses.

2. Legal:

• Determine any future legal issues that may arise.
• Verify that licences and compliance are current.
• Make that the business is adhering to all applicable laws.
• Verify the status of any pending legal matters.
• Find any holes that might put the business in legal trouble.

3. Operational:

• Determine whether machinery, technology, and equipment are out-of-date or working poorly.
• Make sure that the production is increasing.
• Determine the bottlenecks in operations.
• Determine any shortcomings in the stakeholders’ or the present operations’ procedures, including those of the suppliers.
• Examine the operational KPIs currently in use to determine which ones are legitimate and require attention.

4. HR:

• Determine the skills gaps in the human capital of your firm.
• Make sure that the turnover rate is kept at a healthy level.
• Make sure that staff incentives continue to be in line with the current
• strategy of your business.
• Determine whether strong performers are at risk of leaving the firm and
• take appropriate action.
• Determine which underperforming or soon-to-retire personnel need to be addressed.

5. Tax:

• Make sure all tax obligations are current.
• Verify that all of the company’s responsibilities to its workers are current.
• Determine whatever tax refunds the corporation may not have yet claimed.

Mubarak Al Ketbi Chartered Accountant’s services regarding Due Diligence Auditing in UAE:

One of the top Accounting & Auditing firms in the UAE is Mubarak Al Ketbi Chartered Accountants. We provide services in accounting, auditing, corporate tax, liquidation & more! With over 2000 happy clients and 20+ years of experience, we believe we are the right choice for you. Book a meeting with us or Contact Us, and we guarantee you an excellent experience!