Due Diligence Audit Services in Dubai, UAE

Corporate Tax Registration For Foreign Branches in UAE

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  • Determine whether machinery, technology, and equipment are out-of-date or working poorly.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 accountingauditingcorporate taxliquidation & 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!

Due Diligence Audit Services Dubai, UAE

What businesses need to follow ESR in the UAE?
All companies in banking, insurance, fund management, shipping, IP, and other key activities must follow ESR rules.
What records do I need for ESR compliance?
You need annual reports, activity records, and documents for each relevant business area.
Can Mubarak Al Ketbi help me with ESR compliance?
Yes, Mubarak Al Ketbi Chartered Accountants guides businesses on every ESR rule and report in the UAE.

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