Audit & Assurance UAE

Internal audit is a process of independent review and assessment of an organization’s operations, controls, and governance processes to ensure they operate effectively and efficiently. Deltoid provides various internal audit services, including compliance, operational, financial, and information technology audits.

Deltoid’s internal auditing services include risk assessment, internal control review, compliance review, operational review, etc. Deltoid’s objective of internal audit services is to identify areas of improvement, provide recommendations for enhancing efficiency and effectiveness, and promote adherence to regulatory requirements and best practices. Our expert auditors help businesses identify and mitigate risks, improve operational efficiency, and enhance the overall effectiveness of their internal controls by providing relevant insights through internal audit reports.

An effective external audit should offer the customer in question objectivity, integrity, knowledge, and assurance. Deltoid’s external audit services are subject to do so, with each of our external audit specialists trained to the same degree of internationally acknowledged proficiency.

Be aware of what you are entering.

Deltoid offers remarkable external audit services that let you fully comprehend your business to the extent that you are as familiar with its financials as you are with your own. 

Our audit experts provide accurate and actionable evaluations of the company’s financial situation, highlighting its strengths and weaknesses regarding its financial controls and procedures. With a careful analysis of your company, Deltoid will give you the true picture of its future strengths and limitations, enabling you to make a variety of necessary financing and investment-related decisions.

With decades of experience on a global scale, Deltoid is aware that each project and topic has a unique tale to tell. The services we provide go far beyond the scope of conventional financial audits. Our professionals will work relentlessly to comprehend your exact external audit requirements. 

We offer the following primary external auditing and assurance services:

• Auditing of annual financial statements, both individual and consolidated. 
• Regular audits using IFRS, IPSAS, and other frameworks for financial information applicable principles. 
• Financial, fiscal, and normative compliance audits are conducted in the public sector to ensure public funds’ proper use and management. 
• Examining and auditing reporting packages. 
• External reviews of customer service, etc.

In business, a due diligence audit involves a thorough investigation into a company’s overall financial picture. These audits typically occur before a purchase, merger, or significant decision that can adversely affect the financial health of one or more organizations. A company typically gets these audits done to make sure there are no unknown liabilities.

As a due diligence audit is similar to an employee background check, Deltoid can help you identify, minimize, and manage the risks that may arise during the company’s background check in commercial and operational situations.

Deltoid’s expert team of industry-leading auditors offers clients in-depth, reliable due diligence audits, ensuring the company’s most positive impression possible.

Each member of the Deltoid auditing team has extensive experience in their relevant sector and a thorough understanding of industry best practices.

The due diligence audit team of Deltoid looks at and evaluates a variety of industry gear, processing steps, accounting systems, and additional historical data. With the help of this data, we can determine and confirm the levels of risks and liabilities, etc.

Statutory audit is compulsory for nearly every company and is governed by statutes and laws that govern legal entities. During the statutory audit, an auditor attempts to verify and check that the company acts and complies in accordance with legal standards.

As specific laws and acts make it compulsory for every company to get its accounts audited by a chartered accountant in practice, Deltoid provides remarkable, in-depth statutory auditing services to clients looking for reliable results. While conducting a statutory audit, Deltoid’s expert auditors take into consideration the Provisions of the Company Audit Report Order (CARO). Deltoid prepares an extensive audit plan and strictly adheres to it during the audit to identify the key observations and improvements to enhance productivity and achieve results simultaneously.

Internal Audit and Management, respectively, use continuous auditing (CA), an automated feedback mechanism, to monitor IT systems, transactions, and controls frequently or continuously throughout the course of a given period.

Deltoid assists businesses in using Continuous Auditing (CA) to utilize technology to efficiently and frequently examine risk data. Our continuous auditing method helps in the detection of abnormalities, outliers, discrepancies, and other variables to focus on audit resources.

Deltoid’s Continuous Auditing (CA) services enable management to understand problems better as they develop and manage risks and opportunities by giving management access to critical performance metrics.

The following are some of the benefits that clients can enjoy with the help of Deltoid’s services:

• Evaluate and design an implementation plan,
• Build query methods and reports, do a risk assessment,
• Aid management in the software tool evaluation and suggestion process for change management,
• Provide suggestions for reporting and dashboards,
• Internal auditing and management training,
• Conduct ongoing audits.

To best serve the needs of each customer, we carefully employ resources from diverse disciplines. Deltoid’s core team typically consists of IT advisory, internal audit, and forensics experts, with industry- or subject-specific resources added as needed.

An interim audit consists of preliminary audit work performed before a client’s fiscal year-end. Deltoid’s interim audit services are generally subject to shortening the period of time needed to conclude the final audit. Deltoid helps clients benefit from interim audits by providing audited financial statements more quickly.

Moreover, Deltoid conducts an interim audit between two annual audits to ascertain intermediate earnings. Through this service, our auditing experts enable a business to declare an interim dividend or determine the purpose of finding out how much its shares are worth. Deltoid’s interim audit includes a detailed examination of all transactions and a review of the most recent records and accounts.

Investing in an interim audit to help your business grow makes sense. After the audit, the financial analysis and specifics of the cash flow are available for investors and stakeholders to observe. Therefore, with the aid of Deltoid’s interim auditor, your business can detect deception and other problems more efficiently.

At the end of the day, your company’s cash flow will be more effective overall, and you will have better control over its financial situation.

An energy audit is performed for efficient planning and Implementation of Energy-efficient Measures in Commercial and Residential Buildings. 

The goal of an energy audit, also known as an energy assessment or energy study, aims to determine why, where, how, and when energy is consumed in a facility and identify opportunities for efficiency improvements. With an outstanding team of qualified and experienced auditors, Deltoid offers reliable energy auditing services. Our energy auditor oversees the audit process while working closely with staff, building owners, and other important parties to ensure data gathering accuracy and energy efficiency recommendations’ validity.

Energy audits, like all other audits, examine and sketch every aspect of the energy use in your institution. Deltoid’s energy audit process enables you to determine where energy is being wasted on your property and what measures you can take to enhance energy efficiency. As recommended, all facilities are required to undertake an energy audit every two to three years to ensure maximum efficiency and cost-effectiveness.

After the successful audit completion, Deltoid prepares a comprehensive audit report that contains enough information to allow you to adjust your plans for achieving your financial and energy-saving goals.

The benefits of Deltoid’s energy audit service include:

• It lowers the cost of energy in your facility.
• Your company’s competitiveness will increase with a decrease in production expenses.
• It lessens reliance on imported energy sources.
• It lessens pollutants and environmental harm.
• It can improve your energy supply’s security.
• It may decrease the use of natural resources.
• It can lessen environmental harm brought on by resource exploitation.
• It lessens the effect of emissions of greenhouse gases.

A key auditing phrase, “inventory audit,” refers to the physical comparison of stock levels with computed inventory data kept by the business. By passing adjustment entries, the primary goal of this action is to rule out any discrepancies between book stock and physical stock.

Deltoid’s Inventory audit services have grown in importance for the efficient management of businesses. It is especially significant for companies with multiple locations and frequently dealing with vendors and dealers. Deltoid helps enterprises keep precise track of all inventory, whether tangible or immaterial, to run the business effectively and project an uncanny presence.

Benefits of Deltoid’s Inventory Audit Services

• Stop Pilferage & Fraud
• Disclose any collapse due to a lack of security
• Find out any variation in the packaging and warehouse procedures.
• Liberated Third-Party Opinion
• Proper valuation of the inventory and gap identification
• Cross verifications of the stock of the company having multiple businesses in multiple locations
• Comparative Profitability
• An accurate picture of the financial position of the firm
• Checking Slow-moving & Stales Stock

A Revenue audit is where Deltoid compares a company’s tax returns to its tax records. In a revenue audit, we generally look at your returns and compliance history for any patterns or trends.

Revenue is one of the biggest accounts on many businesses’ financial statements. It has a considerable impact on operational outcomes and poses a significant fraud risk. The most systematic manner to falsify financial statement information is through incorrect revenue recognition. Creating bogus transactions or recording revenue too soon are two common ways to raise it improperly.

Deltoid Revenue Audit Services

Deltoid understands that each organization is different and requires different auditing techniques for revenue evaluation. Our auditing professionals tailor top-notch strategies tailored specifically according to your business, its surroundings, and internal controls. For a successful audit and proficient results, Deltoid works closely with your team to get acquainted with your primary goods and services as well as the legal stipulations of your business dealings. With this information, our auditor can conduct the audit effectively to get the best possible conclusions.

Deltoid provides liquidation auditing services to evaluate the financial records and assets of a company undergoing liquidation or bankruptcy. Such audits ensure that the liquidation process is fair and equitable for all parties involved, including creditors, shareholders, and the company itself.

Deltoid’s liquidation audits involve reviewing financial statements, contracts, and other documents to ensure that all assets and liabilities are accounted for accurately. Our expert auditors may also investigate any potential deceitful activities or insider trading that may have occurred during the liquidation process.

In addition, Deltoid’s liquidation auditing services may include evaluating the value of assets, such as property or inventory, to ensure that they are being sold at fair market prices. Deltoid helps to ensure that creditors receive a fair share of the assets during the liquidation process.

In a nutshell, Deltoid’s liquidation auditing services play an important role in ensuring that the liquidation process is transparent and equitable and that all parties involved receive a fair distribution of assets.

The scope of forensic audits encompasses a variety of investigation activities. A forensic audit is commonly performed when a party is being investigated for fraud, embezzlement, or other financial crimes. Moreover, the auditor performing a forensic audit can be an expert witness in a forensic audit procedure during court proceedings.

Deltoid’s professional auditing team is at hand to perform a forensic audit at your organization’s explicit invitation. Our all-inclusive forensic audit services help businesses uncover fraud or resource theft, reduce its impact, and improve overall efficiency.

Deltoid’s forensic audit services have never been more useful in today’s dynamic corporate environment.

Globalization, technological development, and other advances all simultaneously provide opportunities and hazards. Deltoid’s forensic audit services can identify and defend the business against threats, including organized crime, international disputes and regulations, data security, and intellectual property theft.

Deltoid’s high-quality forensic auditing capabilities enable clients to monitor and respond to potentially harmful circumstances swiftly and thoroughly, limiting their operational, financial, and reputational repercussions.

Deltoid’s forensic audit specialists can offer expertise in the following key areas:

• Investigation and risk management for fraud and misconduct
• Conflicts in business
• Tracing of funds and assets, both domestically and internationally
• Regulatory compliance
• Contracts and property rights
• Enterprise intelligence
• Technology used in forensics, such as data recovery and analysis

A tax audit is a background inquiry into a tax-related transaction to make sure that the taxes are computed, paid, and recorded correctly. In today’s dynamic climate, firms and people must abide by numerous taxation and other rules, so tax audits ensure compliance to reduce tax risks. Deltoid’s tax auditing services ensure efficient and responsible handling of both corporate stakeholders’ and private individuals’ tax accounts in accordance with state regulatory standards.

Deltoid’s rigorous tax audit services guarantee compliance to reduce our clients’ exposure to tax risk. Our tax audit solutions are mainly subject to confirming that books of accounts have been kept in accordance with the rules of the relevant laws of the respective government. 

Deltoid’s services have the following features and advantages:

• Tax compliance audit to ensure tax compliance and prevent tax evasion.
• Auditing tax planning to responsibly increase tax efficiency
• Tax risk audit to reduce risk and boost the confidence of people or key stakeholders in the organization