KINDS OF AUDITS

KINDS OF AUDITS

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Opening a company or you can say that starting a business can be easy but the fact is that making sure that it is giving you the exact return of income and all things are going in a good way or you can say smoothly. Being a CEO is not easy and the CEO has to make sure that the company is going in the direction of success. Some say that one has to keep working and has to make sure that the employees keep working but that is not enough because unless you don’t see that what is needed in a company.

You have to see that what are the weakness of your company and how you need to overcome this weakness and what are your strengths and how to more strengthen them. You must be wondering that how can one know about these strengths and weaknesses, and there is a way, and that is by getting the auditing services in Dubai. if you have a company and you want to get an audit then you must know about the kinds of audit an if you are about to become an auditor then this post is also beneficial for you because here, you will also know about the types of auditing so, read more here;

  • Internal Audit: this is a kind of audit that happens within your business or you can say company. This is the kind of audit that is done by yourself and that is done by different people. There are different reasons of doing internal audit like;
  • Monitor the effectiveness.
  • Propose different types of improvements.
  • Make sure that your business is running according to the laws and rules and regulation.
  • Verify and review all the financial data and information.
  • You will have to evaluate the risk management procedures and policies.
  • You will have to examine all types of operations processes.
  • External Audit: as obvious from the name, this is the type of audit that is done by a company that is outside the company or you can say third party.
  • Audit Reports: these are the reports that are generated by the external audit and internal audits and all types of audits.
  • Tax Audits: this is the kind of audit that is done by different companies.