Concurrent Audit Prerequisites
Concurrent audit is a management process crucial to the establishment of internal accounting functions and effective controls and setting the tone for a heedful internal audit to prohibit the incidents of significant errors and fraudulent manipulations. In order to perform a concurrent audit in UAE, the auditor generally requires:
- Cash balance
- KYC policy
- Loans & advance checking
- Deposits
- Forex
- Income leakage
- Housekeeping & computer
- Remittance
- Other checks such as cheque clearing process, bills of collection and other bills
The main focus while conducting a concurrent audit is to ensure that transactions are in adherence with the systems and procedures laid down. Any violation of procedure is brought to light.
Concurrent Audit Services in UAE
Periodic assessment of the financial matters of a business establishment in the UAE by conducting various audits is vitally important. But what’s important is difficult to deal with at times and needs expert brains. To make sure your important tasks are performed by experts in the field only, it is advisable to outsource the functions that matter the most to your business. Adam Global is the address of your system audit specialist. Hire the best concurrent auditors in UAE to keep your business hale and hearty by clicking here
