Audit & Assurance Services

Paying strict attention to the rules is the only smart decision you can make!

    Schedule A Call

    bt_bb_section_bottom_section_coverage_image
    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/float-image8.png

    Building trust has always been at the core of Audit & Assurance Services. Owners, management, investors, governments, regulators, lenders and other stakeholders need to rely on credible information about the affairs of companies to be able to make effective decisions – decisions that will help transform industries, economies and global markets. As we move more & more towards the concept of one world – one reporting, the importance of independence and reliability in connection with financial information cannot be emphasized enough. The regulatory frameworks are fast changing and this along with increased demands for transparency at the global level are putting immense pressure on organizations.

    Why work with us?

    Our services are carefully designed to cater to these challenging demands in the most effective and efficient manner while adhering to International Standards on Auditing and Assurance Related Services. In order to achieve this objective, we uphold the core principles of International Federation of Accountants (IFAC) – Objectivity, Professional Behavior, Professional Competence, Integrity and Confidentiality. We bring with us world – class audit technology and experienced hands to cater to our clients. Our diverse team with their multitude of international exposure helps us to consistently create value for businesses – both big and small. Our spectrum of Audit & Assurance Services include:

    External Audit
    Internal Audit
    ESR / AML / UBO & other compliances
    Mergers and Acquisitions
    Risk Advisory
    Fraud Investigation
    bt_bb_section_bottom_section_coverage_image
    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/sub-service-sub-image3.jpg

    External Audit

    External Audit is the process of independently evaluating whether the financial statements of companies are free from material misstatements whether due to fraud or error. In order to achieve this purpose, we maintain professional skepticism at all levels of the engagements and adhere to International Standards on Auditing (ISAs). This coupled with our investment into the latest technologies in external audit has enabled us to provide efficient and seamless audit experience to clients while at the same time produce high quality audits and gain the trust of both internal and external stakeholders of companies.

    Internal Audit

    Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Our services help organizations better align with the overall organizational objectives through our Internal Audits as we go beyond the traditional approach to gain in – depth understanding of business culture, systems, processes and provide the much-needed assurance that the internal controls in place are adequate to mitigate risks and that corporate governance processes are effective and efficient.

    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/sub-service-sub-image4.jpg
    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/sub-service-sub-images.jpg

    ESR / AML / UBO & other compliances

    The regulatory framework in UAE is fast evolving with the likes of Economic Substance Regulation (ESR), Anti – Money Laundering Legislations (goAML), Ultimate Beneficial Ownership Legislations (UBOs), Environment, Social and Governance (ESG) Legislations, Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) Regimes being at the helm of recent developments within the UAE Regulatory environment in addition to other rules and regulations as imposed by regulatory bodies such as Securities and Commodities Authority (SCA), Dubai Financial Services Authority (DFSA), Financial Services Regulatory Authority (FSRA) and Insurance Authority (IA). We help companies in developing and maintaining an effective regulatory compliance program to control compliance costs and develop a risk – aware culture throughout the organization.

    Mergers and Acquisitions

    A merger occurs when two separate entities decide to combine forces to create a new, joint organization. Meanwhile, an acquisition refers to the takeover of one entity by another. Mergers and acquisitions (M&As) may be completed to expand a company’s reach or gain market share in an attempt to create increased shareholder value. We help ensure that M & A decisions are aligned with the overall business objectives and be promising at the same time with ‘change management’ being our primary focus point. Having supported several complex mergers and acquisitions throughout our history we help create value by enabling entities discover possible synergies to scale greater heights.

    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/sub-service-sub-image5.jpg
    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/sub-service-sub-image1.jpg

    Risk Advisory

    Risk Advisory is designed to help businesses understand the risks that it faces and minimize these risks to be within acceptable levels. In today’s world the risk exposure of companies is rapidly changing and our multi – disciplinary teams of Risk Specialists help organizations to design and implement concrete risk management programs in order to strengthen risk insights and to drive enhanced resilience in an increasingly complex and volatile marketplace. Our research and analysis tools are based on the latest technologies allowing us to provide our clients with the most effective and proactive risk solutions and thus give them the much-needed competitive edge.

    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/float-image8.png

    Fraud investigations

    Fraud investigations or Forensic Accounting is concerned with investigation of suspicions of fraud in connection with misappropriation of company assets and / or manipulation of company records being perpetrated by company employees or third parties. Our Forensic Experts with years of experience in the field will help you to quantify any financial losses that you may have suffered as a result of any potential or conclusive fraudulent behaviors and help navigate through the UAE Legal System to assist in filing legal cases in the Court of Law. In addition, we understand that an early response to fraud risk can help in mitigating financial and reputational damage and for this purpose help companies design sound organizational policies to prevent fraud.

    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/sub-service-sub-image2.jpg
    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/float-image-10.png
    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/float-image-10.png
    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/float-image9.png

    Get in touch with us for a free consultation!

    bt_bb_section_top_section_coverage_image
    bt_bb_section_bottom_section_coverage_image
    https://philipmcmillanwoods.com/wp-content/uploads/2022/02/float-image8.png