An external audit is an audit procedure that analyzes a company’s financial position; such an audit is conducted to benefit the credibility of a company and improves investor confidence. An external audit is also useful in eliminating the risk of incorrect entries. External audits are conducted independently by expert third-party auditors who are from outside of the company and thereby have no allegiance to the company being audited.
The process of external audit services in UAE involves several steps beginning with selecting a certified auditor, followed by submission of necessary documents, conducting audits, and submitting audit reports.
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