Capital Plus Auditing Services in Dubai
As a leading auditing and accounting firm in Dubai, Capital Plus Auditing of Accounts goes beyond numbers ensuring financial accuracy, robust risk management, and full regulatory compliance. Our team of highly qualified professionals has audited 10,000+ companies, delivering financial accuracy and compliance across 20+ Free Zones while navigating complex regulatory frameworks.
We go beyond reports, providing clarity, confidence, and cost-effective solutions to help you adapt, stay competitive, and grow. With innovative approaches, industry benchmarking, and creative insight, we ensure your business remains resilient and future-ready.
Free Zone Expertise
With experience auditing 10,000+ companies across 20+ Free Zones, Capital Plus understands the unique regulations, challenges, and compliance requirements of businesses in Dubai. Their in-depth knowledge ensures smooth audits, minimizing risks and helping companies navigate Free Zone and Mainland regulations efficiently.
Beyond Compliance
Capital Plus goes beyond traditional audits by offering insightful financial assessments that help businesses reduce risks, optimize resources, and plan for the future. Instead of just meeting regulatory requirements, they deliver practical recommendations that improve efficiency and financial transparency.
Expert Team
With a team of 15+ seasoned professionals, Capital Plus offers specialized expertise in auditing, risk management, and financial advisory. Their auditors take a proactive approach, working closely with businesses to identify inefficiencies and improve financial reporting.
Documents Required for Auditing Services
Financial Documents
These documents give accuracy in your financial reporting and help auditors analyze your company's financial health.
- Monthly Bank Statements
- Invoices and Receipts
- Tax Returns and Supporting Documents
Operational Documents
Operational records highlight business processes and make sure efficiency in day-to-day operations.
- Payroll Records
- Inventory Records
Legal Compliance Documents
These documents provides adherence to local regulations and protect your business from legal risks.
- VAT Certificates
- KYC Documents
- Legal Documents and Pending Litigations
Corporate Documents
Corporate records provide insights into company governance and long-term financial commitments.
- Loan Agreements
- Board Minutes and Resolutions
Internal Audit Services
Internal audits focus on evaluating a company’s internal controls, systems, and processes to identify risks and inefficiencies. At Capital Plus Auditing of Accounts, we provide internal audit and risk advisory services that help companies in Dubai check and improve their operations.We helped a manufacturing firm improve its internal controls, reducing risk exposure by 30% and increasing operational efficiency.
External Audit Services
An external audit is when an independent party, usually a third-party firm, reviews and checks a company's financial records, transactions, and operations. Capital Plus has an expert team of external auditors who ensure the review is unbiased and accurate. At the end of this, a report is provided to the company highlighting the issues and a detailed account of the auditing process. One of our clients, a medium-sized retailer, gained investor confidence after presenting our independently audited financial statements, securing AED 1M in funding.
Key Benefit:
Enhances credibility and trust among stakeholders through transparent financial reporting.
Tax audit services
A tax audit examines a company's financial records to ensure they comply with UAE tax laws and regulations. Capital Plus offers professional tax audit services in Dubai. Our team specializes in auditing accounts ,VAT returns, and corporate tax filings, helping companies optimize their tax strategies and noncompliance with various taxes such as VAT: excise TAX and corporate tax. We identified errors in a client’s VAT filings, saving them over AED 50,000 in potential penalties and optimizing their tax strategy for future filings.
Key Benefit:
Minimizes tax liabilities, ensures compliance, and optimizes tax strategies.
Operational Audit Services
Operational audits are mainly conducted to evaluate a company's operations by focusing on efficiency and effectiveness. In this audit, the company's processes, procedures, and policies are examined thoroughly to identify any areas of improvement. At Capital Plus, we provide operational audit services in Dubai to help businesses optimize their processes and improve operational efficiency. For instance, our audit for a logistics company identified process inefficiencies that, when addressed, reduced costs by 20% and improved delivery times.
Key Benefit:
Identifies bottlenecks, reduces waste, and improves operational efficiency.
Forensic audit services
Forensic audits are conducted mainly to detect fraud, corruption, or other financial misconduct. Any irregularities are uncovered by analyzing the financial data, transactions, and internal controls. At Capital Plus, we offer expert forensic audit services in Dubai, helping businesses identify and investigate fraudulent activities. Our forensic audit for a trading company uncovered fraudulent vendor activities, saving the client AED 2M.
Key Benefit:
Detects and prevents fraud while safeguarding company assets.
Statutory audit
A statutory audit is a mandatory review of a company's financial statements to ensure they are accurate and compliant with the relevant laws and regulations. Statutory audits help prevent errors, fraud, and non-compliance with laws, ensuring the company operates transparently.At Capital Plus, we provide reliable statutory audit services in Dubai, making sure your business's financial statements meet all legal requirements. Our statutory audit enabled a client to meet compliance deadlines and avoid regulatory fines, enhancing their reputation with investors.
Key Benefit:
Prevents legal penalties and boosts stakeholder confidence with transparent reporting.
Financial Audit
A financial audit is conducted to get an in-depth view of the company's financial records by mainly focusing on verifying the accuracy of financial statements. It ensures that the financial reports reflect an accurate and fair view of the company's financial health.Capital Plus offers professional financial audit services in Dubai to help businesses maintain transparency and trust with stakeholders. Our financial audit enabled a construction firm to secure AED 5M in financing by presenting reliable financial data to lenders.
Key Benefit:
Builds trust with stakeholders by ensuring financial transparency.
Compliance audit
This type of audit confirms whether the company's operations, processes, and controls align with industry standards, government regulations, and company guidelines. It helps businesses avoid penalties for non-compliance. At Capital Plus, we offer comprehensive compliance audit services in Dubai, helping businesses stay aligned with local and international laws. We helped a healthcare provider rectify compliance gaps, avoiding fines and improving operational standards.
Key Benefit:
Minimizes penalties and ensures adherence to industry regulations.
Management Audit
A management audit evaluates the effectiveness and efficiency of a company's management practices. The goal is to identify areas for improvement to enhance overall management effectiveness and business performance. At Capital Plus, we provide management audit services to help businesses assess their leadership and operational strategies. We helped a retail chain optimize its leadership strategies, leading to a 15% increase in employee productivity.
Key Benefit:
Improves decision-making and aligns management practices with business goals.
IT Audit
An IT audit reviews a company's information technology systems to ensure they are secure, effective, and compliant with regulations. It focuses on areas like data security, system performance, and IT governance. Capital Plus offers IT audit services in Dubai to ensure your technology systems are robust and secure. Our IT audit uncovered vulnerabilities in a client’s network, leading to a 40% improvement in system security.
Key Benefit:
Reduces cybersecurity risks and ensures IT alignment with business objectives.
Special Purpose Audit
A Special Purpose Audit focuses on specific business areas, such as examining a particular transaction or compliance with a contract. We conducted a special audit for a client to verify compliance with a critical supplier contract, ensuring accurate financial reconciliation.
Key Benefit:
Strengthens internal controls, reduces operational risks, and enhances compliance.
Due Diligence Audit
A Due Diligence Audit assesses a company's financial and operational status, often during mergers or acquisitions, to identify risks and opportunities. We provide comprehensive due diligence audits to support decision-making in business transactions.We supported a tech company’s acquisition by uncovering hidden liabilities, enabling a better negotiation position.
Key Benefit:
Identifies potential risks and opportunities for informed decision-making.
Fraud Audit
A Fraud Audit/Investigation investigates potential fraudulent activities by examining financial records and transactions for signs of fraud. We conduct thorough fraud audits to help uncover any fraudulent activities and take necessary actions. We identified fraudulent vendor activities, saving a client AED 1.5M in unauthorized payments.
Key Benefit:
Protects company assets and strengthens internal controls.
Stock Audit
A Stock Audit evaluates the physical stock against recorded inventory to ensure accuracy and prevent discrepancies. We offer stock audit services to help businesses manage inventory and ensure accurate financial reporting .Our stock audit helped a retail client resolve discrepancies, reducing stock wastage by 25%.
Key Benefit:
Improves inventory management and prevents financial losses.
Risk Management Audit
A Risk Management Audit is conducted to identify potential risks in a company's operations and provide solutions to minimize them. We provide risk management audits to help businesses identify and mitigate operational risks. controls, reducing delivery delays by 30%.
Key Benefit:
Enhances business resilience and minimizes disruptions.
Real Estate Audit
A Real Estate Audit reviews real estate transactions, property valuations, and investment strategies to ensure compliance and identify any financial concerns. We offer real estate audit services to help businesses manage property-related risks and investments.and investments. For instance, we assisted a real estate developer in resolving valuation errors, improving investment returns by 20%.
Key Benefit:
Improves inventory management and prevents financial losses.
Investigation Audit
An Investigation Audit is focused on uncovering irregularities, misconduct, or violations within a company's financial activities. We conduct investigation audits to investigate and resolve any suspicious activities or financial discrepancies. Our investigation audit uncovered embezzlement within a client’s accounting department, leading to policy improvements.
Key Benefit:
Improves inventory management and prevents financial losses.
Recovery Audit
A Recovery Audit identifies and recovers overpaid funds, missed discounts, or billing errors by reviewing financial transactions. We provide recovery audit services to help businesses recover lost funds due to mistakes or inefficiencies.We helped a retail chain recover AED 200,000 in overpaid vendor invoices, improving cost efficiency.
Key Benefit:
Recovers lost funds and improves financial processes.
Payroll Audit in Dubai
A Payroll Audit mainly focuses on reviewing the company's payroll system to ensure employees are paid correctly and all legal requirements are met. Capital Plus offers payroll audit services to ensure accuracy and compliance with regulations. Our payroll audit helps a company correct errors in employee payments, improving satisfaction and reducing disputes.
Key Benefit:
Ensures proper salary disbursements and legal compliance..
Step-by-Step Audit Process in Dubai
The audit process in Dubai typically involves the following stages:
Initial Planning and
Document Collection
- Auditors meet with management to define the scope, objectives, and timeline.
- Necessary documents are collected, such as financial statements, contracts, and internal records.
- Example: “We worked with XYZ Company to create a customized audit plan in under 5 days.”
Risk Assessment and
Preliminary Review
- Identify key areas requiring additional scrutiny by assessing financial and operational risks.
- Evaluate internal controls to pinpoint vulnerabilities.
- Example: “Our risk assessment revealed an over-reliance on a single vendor, reducing potential supply chain risks.”
Testing and Fieldwork
- Conduct a detailed review of financial records, transactions, and internal controls.
- Perform compliance tests to ensure adherence to applicable laws and standards.
- Example: “Our team identified discrepancies in financial records, helping ABC Company save on penalties.”
Compliance Check
- Verify adherence to local regulations, such as tax and labor laws.
- Ensure internal policies align with industry-specific requirements.
- Example: “A compliance check for a logistics firm revealed VAT misreporting, preventing future fines.”
Analysis of Findings and
Report Preparation
- Compile findings, highlight discrepancies, and recommend corrective actions.
- Prepare a detailed report outlining the audit results.
- Example: “Our analysis uncovered cost-saving opportunities, reducing operational expenses by 10%.”
Final Discussion
and Review
- Meet with management to clarify findings and address identified issues.
- Allow management to provide explanations and make adjustments if needed.
- Example: “We worked with the finance team of a retailer to resolve discrepancies in payroll records.”
Audit Opinion and
Final Report
- Issue an opinion on the financial statements (unqualified, qualified, adverse, or disclaimer).
- Deliver the final report summarizing the process, findings, and recommendations.
- Example: “An unqualified opinion helped a real estate firm secure funding from investors.”
Follow-Up and
Recommendations
- Ensure implementation of recommended corrective actions.
- Provide guidance to improve financial management and operational efficiency.
- Example: “Our follow-up audit ensured compliance improvements, leading to a 20% reduction in errors.”
Initial Planning and Document Collection
- Auditors meet with management to define the scope, objectives, and timeline.
- Necessary documents are collected, such as financial statements, contracts, and internal records.
Example: “We worked with XYZ Company to create a customized audit plan in under 5 days.”
Risk Assessment and Preliminary Review
- Identify key areas requiring additional scrutiny by assessing financial and operational risks.
- Evaluate internal controls to pinpoint vulnerabilities.
Testing and Fieldwork
Conduct a detailed review of financial records, transactions, and internal controls.
- Perform compliance tests to ensure adherence to applicable laws and standards.
Compliance Check
- Verify adherence to local regulations, such as tax and labor laws.
- Ensure internal policies align with industry-specific requirements.
Example: “A compliance check for a logistics firm revealed VAT misreporting, preventing future fines.”
Analysis of Findings and Report Preparation
- Compile findings, highlight discrepancies, and recommend corrective actions.
- Prepare a detailed report outlining the audit results.
Final Discussion and Review
Meet with management to clarify findings and address identified issues.
- Allow management to provide explanations and make adjustments if needed.
Audit Opinion and Final Report
- Issue an opinion on the financial statements (unqualified, qualified, adverse, or disclaimer).
- Deliver the final report summarizing the process, findings, and recommendations.
Example: “An unqualified opinion helped a real estate firm secure funding from investors.”
Follow-Up and Recommendations
- Ensure implementation of recommended corrective actions.
- Provide guidance to improve financial management and operational efficiency.
Example: “Our follow-up audit ensured compliance improvements, leading to a 20% reduction in errors.”
Hear from Our Happy Clients
Frequently Asked Questions
An audit provides an independent assessment of financial statements, ensuring compliance with local regulations and enhancing stakeholder transparency. It helps businesses identify errors, risks, and areas for improvement.
Key documents required include bank statements, invoices, tax returns, payroll records, asset records, loan agreements, and other financial documents relevant to your business operations.
Capital Plus follows a systematic audit process, ensuring businesses in free zones comply with specific regulations while aligning their financial statements with international standards and legal requirements.
An internal audit reviews a company's internal controls and operations, helping identify potential issues. An external audit, conducted by a third party, ensures that financial records are accurate, reliable, and compliant with regulations.
Yes, audits, especially forensic audits, are designed to detect and prevent fraud by thoroughly reviewing financial records, transactions, and internal controls for signs of irregularities.
Yes, audits, especially forensic audits, are designed to detect and prevent fraud by thoroughly reviewing financial records, transactions, and internal controls for signs of irregularities.
A statutory audit is a legally required review of financial statements to ensure compliance with local laws and regulations. It is mandatory for businesses operating in Dubai, particularly those with significant revenue.
Audits help small businesses ensure compliance with tax regulations, detect financial discrepancies, and improve operational efficiency, building trust with investors and stakeholders.
Audits provide accurate and reliable financial data that businesses can use for strategic planning, resource allocation, and identifying areas for growth or improvement.
Yes, audits are required for companies in Dubai's Mainland to comply with local laws, provide accurate financial reports, and maintain business transparency.
The duration of the audit process depends on the complexity of your business operations and the scope of the audit. Typically, it can take anywhere from a few weeks to a couple of months to complete.
Yes, audits are mandatory for free zone companies to comply with regulations and ensure business transparency.
