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HOME
WHO WE ARE
Our Services
CONTACT US

HOME
WHO WE ARE
Our Services
CONTACT US

HOME
WHO WE ARE
Our Services
CONTACT US

Contact Us

Contact Us Laila Ghanim Al Hemeiri Auditing

Head Quarters

AB Plaza 8 Al Mamzar, Office #103 Dubai - United Arab Emirates

+971 54 407 0500
info@lgaauditing.com
+971 4 399 3602

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Quick Reads

Frequently Asked Questions!

Have a look at some of the most asked questions by many business owners and their finance department along with their answers.

What is the difference between accounting and auditing?

Accounting involves recording, classifying, summarizing, and reporting financial transactions of a company. It focuses on preparing financial statements that reflect the financial health of a business.
Auditing, on the other hand, is the independent examination of financial statements to ensure their accuracy and compliance with accounting standards and regulations. Auditors provide an opinion on whether the financial statements give a true and fair view of the company’s financial position.

Why is an external audit necessary for my business?

An external audit provides an independent and unbiased opinion on the accuracy of a company’s financial statements. It enhances the credibility of the financial data, which is crucial for investors, creditors, and regulators. Additionally, an external audit helps identify any financial misstatements, errors, or fraud, ensuring compliance with legal and regulatory requirements.

How can an audit benefit my business beyond compliance?

In addition to ensuring compliance with laws and regulations, an audit can provide valuable insights into your business’s internal control systems and financial management practices. Auditors often identify inefficiencies or areas where improvements can be made, helping your business reduce risks, enhance financial accuracy, and improve overall operational performance.

How often should my company conduct an audit?

The frequency of audits depends on the type of business and regulatory requirements. Public companies are generally required to have annual audits, while private companies may not have mandatory audit requirements unless specified by lenders or shareholders. However, many businesses opt for regular audits (e.g., annually or biannually) to ensure financial accuracy and strengthen internal controls.

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Office Address: AB Plaza 8 ,office 103 Al Mamzar, Dubai UAE

Talk TO US - Tel: +971 54 407 0500
Email: info@lgaauditing.com

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