Audit Reports in Dubai

Nithin N.K

17 November, 2020

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Auditing reports contain the opinion on the audit made by the independent auditor after going through the organization’s financial statements and other documents. Audit reports are made after an audit and are submitted to the management of the organization for which the audit was carried out.

The auditing report is the final product of auditing and it is extremely important to know about them. There are mainly four types of auditing reports:

  • Unqualified opinion-clean report

An unqualified opinion report is a clean report which indicates that the company has clean financial operations and that it is functioning properly. A clean audit report shows that the auditor is satisfied with the functioning of the organization.

  • Qualified opinion- Qualified report

Qualified audit reports are given when the auditor is not confident about a specific process or transaction. Qualified opinions may give a negative impression about the organization and are not usually preferred by the investors. When the companies fail to produce its records with GAAP, they tend to end up having a qualified audit report from the auditor.

  • Disclaimer of Opinion-Disclaimer Report

The disclaimer audit report shows that the auditor refuses to give an opinion on the financial statements. This report is usually given when the auditor feels that the company had withdrawn themselves from conducting a thorough audit or if they are not satisfied with their findings. When the auditor is not able to put forward enough evidence to find good financial reporting, disclaimer audit reports are submitted. These reports do not project a good impression about the company.

  • Adverse Opinion-Adverse Audit Report

The adverse audit report by an auditor is a black mark to the organization. It is given when the auditor finds huge material misstatement or irregularities and when they are not at all satisfied with the financial statements. This results in mistrust on the company by the investors and the government. The adverse audit reports indicate that there are traces of fraud and the financial reports of the company were not prepared according to the GAAP.

The auditing reports (Dubai) are made to reveal the reliability and accountability of an organization. It is the auditor who decides the transparency of an entity through the auditing reports in Dubai. HLB HAMT is a renowned auditor in Dubai who undertakes all kinds of auditing services. We have professionally qualified and well-experienced auditors who will cater to all your needs.

HLB HAMT offers internal and external audit services along with IT audit services. We also provide control system reviews, information systems audits and risk management. HLB HAMT is also an auditor approved by the banks of Dubai.
 

Go to our service page: Audit and Assurance

 

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Mohamed Sheriff
Mohamed Sheriff
16:16 28 Jun 20
Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
218141 JOSEPH THOMAS
218141 JOSEPH THOMAS
16:20 23 Jun 20
Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
PMI
PMI
07:14 23 Jun 20
In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
RAVI CHOKSI
RAVI CHOKSI
08:28 21 Jun 20
Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
Maharajan Subramaniam
Maharajan Subramaniam
18:17 06 Jun 20
High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
Mohammed L
Mohammed L
08:07 05 Jun 20
We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
ROY ROSHAN VIVIAN
ROY ROSHAN VIVIAN
06:32 04 Jun 20
Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
Basil Daniells
Basil Daniells
05:55 03 Jun 20
I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
Amar Kashyap
Amar Kashyap
19:28 02 Jun 20
Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
Radz de Jesus
Radz de Jesus
16:03 02 Jun 20
We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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