Audit & Audit Related Services
What is a business audit?
A business audit is a documented evaluation of whether or not a company’s financial statements are materially correct along with the standards, evidence, and assumptions used to conduct the audit.
The results are reported in a written audit opinion, and the language in the opinion defines an audit. An auditor reports on several topics:
- Financial statements: An auditor reports whether the financial statements are free of material misstatement. In this context, the word “material” means an error or missing information that is large enough to impact the reader’s opinion of the financial statements. An audit is designed to identify financial statement errors.
- Regulatory requirements: The financial statements must be prepared based on a set of accounting rules. The audit opinion states that the financial statements were prepared in accordance with a specific set of rules. In Sultanate of Oman, Muscat auditing is conducted under IFRS or International Financial Reporting Standards.
- Internal controls: Finally, most audits require an auditor to assess the effectiveness of internal controls. These controls are put in place so that the business can produce accurate financial statements and prevent assets from theft. If there are weaknesses in any internal controls, the auditor must disclose the weaknesses.
Get a second opinion,
Assess business efficiency,
Reduce the risk of employee theft,
Make the change,
Stakeholders—including investors, creditors, and regulators—rely on the accuracy of financial statements.
Al Nuha International gives you a perfect and accurate financial statement without any bias approach. This is an independent opinion that we provide to the shareholders. By taking detail steps to check the Companies Act.
We assist the management and governing body in fulfilling their responsibility by placing a system in order. That would also enhance a particular manner of design and execution to internal controls and risk management. Through Internal Auditing we provide assurance to the management and risks that could occur and help in understanding and managing it appropriately.
We inspect clients’ accounting records and express an opinion as to whether financial statements are presented fairly in accordance with the applicable accounting standards of the entity as per International Financial Reporting Standards (IFRS). We must assert whether financial statements are free of material misstatement, whether due to error or fraud.
TAX AND CORPORATE COMPLIANCE
We have made a remarkable footprint on following activities; With regards to acquisitions and divestments, arranging strategic partnerships, raising capital, valuing business, analyzing and structuring financial instruments. We offer service as a primary financial advisor to private and public sectors.
Our Tax expertise helps you to get a complete analysis and further assists you with registration, collection and filing.
REGULATORY COMPLIANCE SERVICE
As a top Auditing firm our expert regulatory compliance team analyses both federal and state regulatory pre-requisites. It further contributes in sharing the burden of training and instructing on current and future business or legal due diligence requirements