In the midst of dynamic market conditions, we are keen on attaining organizational benefits and adding value to the stakeholders by offering international professional services in line with internationally accepted accounting standards and methodologies.
The firm’s audit approach is based on understanding the client, including the industry in which they operate, its organizational structure and its internal control processes.
Accordingly, the KGRN audit process does not consist solely of verifying data in the financial statements with supporting documentation. It also includes analyzing the client’s business risks in its business environment. Our talented audit teams examine the objectives of the business and its strategy, and analyzes its business processes, their inherent risks and related internal controls.
We add value by focusing client’s attention on risk points and highlighting leading practice ideas for improving controls. Our audit teamsspecialize in the sectors in which the clients operate. Our methodology is based on industry-focused services. Accordingly, audit team have diverse industry focuses. This enables the firm to provide quality professional services, while ensuring uniformity and consistency. Our complete compliance with the local governing laws certifies its accuracy and credibility.
Our services includes:
In accordance with new UAE Commercial Companies Law no. 2 of 2015, every company shall appoint auditors to audit their books of accounts and submitted audited financial statements along with the auditor’s opinion.
We provide statutory audit services to ensure full compliance with the Federal law and issue audit opinion which states true and fair views of the state of affairs of the company.
Free Zone entities audit
While renewal of trade license, it is mandatory requirements to submit the audited financial statements to the Free Zone authorities such as Jebel Ali Free Zone (JAFZA), Dubai Airport Free Zone (DAFZA), Dubai International Financial Centre (DIFC), Dubai Silicon Oasis (DSO), Hamriyah Free Zone, Sharjah Airport Free Zone (SAIF). It is also a necessary to submit audited financial statements of the branch of foreign companies registered in United Arab Emirates. Audited Financial Statements are necessary to submit for the entities under liquidation.
Having a multi-facet experience we also provide audit services for submission of audited financial statements while ensuring compliance with respective free zone regulatory requirements.
Established in 2007, Real Estate Regulatory Agency (RERA) is governing body which regulates, formulates the regulatory requirements in Real Estate sector in Dubai.RERA audits consist of – firstly, audit of Developers as per RERA regulations which states that the developers have maintained Escrow accounts for each projects which are undertaken by them which assist in assessment of efficiency and effectiveness of the various activities on projects.
Secondly, for the projects which are completed must form owner’s association in accordance with RERA regulations and to maintain and audit its books of accounts with submission of audit report annually to RERA.
We at KGRN provide the RERA audit services to ensure that the developer complies with applicable regulations as required by RERA and also to provide fair opinion on books of accounts to make clear picture to owners.
Agreed upon Procedures
The auditor is to carry out procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings in accordance with International Standard on Related Services (ISRE) – 4400.
We provide services with an objective to carry out procedures of audit nature and report on factual findings.