Name: KGRN Chartered Accountants
Brand: KGRN
SKU: KGRND1
Rating: 4.9 (84 reviews)

Definition:

“Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following a documented system of recording transactions. It is done to ascertain the accuracy of the financial statements provided by the organization.”

Table of Contents

Major Purpose of an Audit:

A separate legal firm is in charge of auditing. These auditing firms will employ several auditors who will compute the financial transactions of the company and provide a detailed report. These reports will be kept for future reference. These reports will be used to make many important financial decisions. The auditing will be carried out using the country’s legal references, and these reports can be submitted to the court for reference if necessary.

The major purpose of the audit is to create detailed information on the company’s financial report for a certain period of time, for example – a month or a year. Auditing also helps to identify the potential growth of the company. They help to calculate the company’s profits and losses. In simple words, An audit examines your business’s financial records to verify they are accurate.

Benefits of Auditing:

Auditing helps the company in many ways. There are many auditors in Dubai who perform auditing well. KGRN has a team of approved auditors in Dubai with decades of experience and professionalism. Here are a few ways the company benefits with our auditing services.