Internal Reviews/ Health Checks
- Scrutiny of Accounts and Records
- Review and Quality Control
- Audit Assistance
- Due Diligence and Valuation Services
- Internal Audit Consultancy Services:
Scrutiny of Accounts and Records
TIM’s experienced staff will use their accounting and auditing skills to provide an analysis of financial records to help resolve disputes or resolve reconciliation issues or verify the accuracy of the books and records. Our procedures and methods can help the management and investors determine their actions based on detailed analysis.
Review and Quality Control
Maintaining a well-developed system of quality control is now more important than ever. We offer reviews and quality control consulting services. Highly skilled professionals can help by conducting independent reviews of your business processes to determine if they deliver on accuracy, timeliness and clarity of content.
Our services include:
- System Reviews
- Annual Inspection
- Work-papers Reviews
- System of Quality Control Development
Audit Assistance
An external audit will require Preparation of the financial statements, the arrangement of audit schedules for the statutory audit and the audit coordination with all the internal and external stakeholders and this can become challenging for the accounting staff and management while still having their day-to-day operations.
TIM staff can help by taking over the preparation of financial statements and audit schedules or satisfy all of the requirements and questions that arise during the audit by the statutory auditors. We provide necessary audit support to our clients since the professional team has hands on experience of dealing with statutory auditors and to satisfy the requirements on time.
Due Diligence and Valuation Services
Investors who are considering buying or investing in a business need reliable and comprehensive background information, to help them make an informed decision prior to taking action. TIM specializes in small and medium size due diligences.
Our Due Diligence exercise would include:
- Audit of Financial, HR, and corporate structuring legal compliance of the company being acquired or of the targeted investment.
- Assessment of key risk factors, such as operational risks, control environment risk, compliance with UAE labor law, and an in-depth review of the company’s financials.
- Financial analysis and modelling to evaluate the benefits of the acquisition and investment return metrics.
- Recommendations regarding actions to mitigate risk, and improve controls and operations.
Internal Audit Consultancy Services:
Internal audit includes ensuring compliance with management policies, reviewing existing system to identify control weaknesses and reviewing financial statements to ensure compliance with generally acceptable accounting standards, other statutory requirements and process improvement. Our experienced staff can not only carry out these audits but also provide suitable solutions based on the knowledge base that we have.