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Audit

Audit & Assurance Service in the UAE plays a vital role in providing Stakeholders with reasonable assurance on the affairs of the business. The audit is providing the opinion on the Financials Statements and is to ensure that information provided is of required quality and is acceptable worldwide. For the Financial Statement to be accepted worldwide, it needs to be audited in line with International Standards on Auditing.

External Audit:

We Osol Group is present in the market for last 28 years with the highest professional quality, real-time service, and maintaining decent principles. Our certified Auditors at various levels of execution of assignments ensure that requirements as per IFRS & auditing standard.

The man objective of a financial statement audit is to add credibility to the reported financial position and performance of a business. Tax authorities need the confirmation of sales & Income. An Audit involves the collection and evaluation of evidence in support of conclusion arrived.

Internal Audit:

Our certified Auditors for internal audit services in UAE shall perform the below objectives while performing an Internal Audit for your business. Main Objectives are listed below:

  • Verify the accuracy & authenticity of the financial accounting & statistical records.
  • Ensure that there is a proper authority of every acquisition and disposal of assets.
  • Facilitate the prevention and detection of Fraud.
  • Make sure that internal controls are adequate.
  • Review the operation of the overall internal control system.

Other Audit & Assurance Services:

  • Due Diligence Audit
  • Company Liquidation
  • Risk Assessment
  • Business Valuation
  • Fraud Detection
AML/CFT Compliance Guidance Services:

Anti-Money laundering and Counter Financing of Terrorism are now global concerns. Therefore, all the individuals and firms in UAE shall adhere to rules & regulations to avoid legal consequences.

Our Consultants assist your entity to align with the latest requirement:

  1. Review of AML Framework:
  • We assist for registration in GoAML.
  • We assist for establishing, maintaining and monitoring the Relevant Person’s AML policies, procedures, systems and controls and compliance with applicable AML legislation.
  • Ensure the policies, procedures, systems and controls are effective to meet the obligations of the Relevant Person.
  • Review and development of KYC, Customer Due Diligence & Enhanced Due Diligence process.
  1. AML/CFT Policy, Procedures & Controls:
  • Ensure compliance with all obligations in AML-CFT Rules.
  • Testing of customer documentation relevant to an assessment of the adequacy of the customer risk assessment or CDD performed by the Relevant Person;
  • An analysis of all Suspicious Activity Reports to highlight any area where procedures or training may need to be enhanced; and
  • A review of the adequacy of the level of responsibility and oversight of any law and Senior Management in ensuring the Relevant Person has implemented and maintained adequate controls.
  1. AML/CFT – Audit:
  • Ensure compliance with Federal AML Legislation;
  • Enable suspicious Persons and Transactions to be detected and reported;
  • Ensure the Relevant Person is able to provide an appropriate audit trail of the Transaction
  • Ensure compliance with any other obligation in these Rules.
  • Review the process internally by independent Auditors.
  1. AML Training:
  • Provide training to relevant organizations to ensure that regular risk assessments are carried out on the adequacy of the Relevant Person’s Anti-Money Laundering systems and controls to ensure that they continue to enable it to identify, assess, monitor, and manage money laundering risk adequately, and are comprehensive and proportionate to the nature, scale and complexity of its activities.
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Osol Alkhebra Is Your Central Destination For Comprehensive Management Consulting, Accounting, And Auditing Services In UAE. Offering Everything From Advisory Services To Tax Auditing, We Provide A Diverse Range Of Services To A Broad Clientele.

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