RERA (Real Estate Regulatory Agency) requires all real estate developers to have an ESCROW account and also to undergo an audit to check on the current status of the project and update the records with regards to the progress of the construction. Besides this all completed projects must have their own Owner’s Association, which needs to maintain and audit its books of accounts with annual submission to RERA.

Expert team at APT CONSULTANTS is well versed with stipulated audit regulations and operation of Escrow Trust Account, Owner’s Association & Developer’s progress status and has extensive experience & know-how of conducting such audits

Retail outlets in shopping malls are required to submit monthly or quarterly report of sales to the mall management. The sales reports needs to be audited by an auditor who is listed with the mall. 

We have experience of handling high volume of such Audits and our team has expertise in retail sector and are well equipped with the knowledge of all various types of POS being used by retailers and malls. We analyse and verify sales transactions with due care and professionalism.

Our VAT team is well trained in VAT computation, return filing and other regulations of Federal Tax Authority.  We hold regular in house research on VAT, corporate and business law. We foster an environment of learning and development at APT CONSULTANTS so, special training sessions are held in addition to the routine monthly training, whenever a new VAT regulation is issued. VAT compliance audit is a quality service for assurance of complete compliance with the VAT regulations of FTA.

The Risk Management Software helps organizations embed risk management into the processes and internal controls of their business. It further helps business in creating value by responding to risk and take necessary actions for risk mitigation. It identifies and prioritizes risks, assesses organization's risk capacity, develops  tools, processes and suggests changes in organization structure required for resilient risk management strategy. It also offers Risk reporting and monitoring which helps clients merge risk management into businesses to improve the value of risk monitoring processes throughout the company. Furthermore it responds to and mitigates risks more appropriately to add value to decision making.

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The mainland companies in UAE do not have any legal obligation to under go financial audit. If the company solely or as a part of a group is applying for a financing facility; the bank requires the financials of the company to be audited by a listed auditor. We provide complete solution for bank audits from Audit partners of different categories. We facilitate the process of audit from setting up accounting system, filling proper records to the preparation of financial reports and getting them audited smoothly.

All management decisions are based on information being provided by different sectors and departments of the organization. For informed decisions a robust information system has to be in place for in-time communication of required information. A strong reporting line and a system of reports is required for the same purpose. We conduct management information system audit and present our report to the management on the current information system and suggest changes in order to improve the system. This sometimes requires adaption of smart technology solutions.

Forensic audit is an agreed upon procedure which is required in result of an event of crime which can be a financial fraud, misappropriation of assets, embezzlement of funds, identity theft or any insider dealing. 

This kind of assignments can be required by court or any other law enforcement agency.

We are experienced in applying forensic audit procedures and then preparing forensic audit reports for authorities and for private organizations.

There are total 45 free zones in all emirates of UAE. Free zone allows companies to have 100% foreign ownership, exemption from import and export related taxes and duties and there are several other tax exemptions. Some free zones specialize in a particular type of business and provide all required support and facilities. Several free zones require financial audit report of the renewal of company and we can provide one stop solution of all compliance requirements of free zones. It can be audit report, liquidation report or or industrial feasibility we can efficiently provide you the service.

Due diligence is of prime importance when it comes to business decisions about investment, trade relations, signing contracts, hiring vendors or joint ventures. We have a structured approach and well developed procedures for due diligence. If you are considering dealing with any company for the first time; either local or foreign, we can perform due diligence for you.

Organization operating in any jurisdiction or environment is exposed to several risks which can be external or internal. Risk analysis or risk assurance assignments can be for a specific transaction, business deal, for an expansion, acquisition decision or organization wide. 

We understand the legal, economic, environmental, social, technological and governmental impacts on business and perform a well structured analysis when it comes to risk assessment, risk assurance, risk analysis or risk mitigation assignments in order to safeguard our clients form unexpected losses. 

We evaluate the probability of possible risks and their impact on the business. We investigate the controls and strategies in place, asess them and if required suggest additional or alternative procedures or internal controls.

The strength of the Internal controls system of the organization defines the effectiveness of the transaction processing system and of the embedded risk mitigation system. Having a strong internal control system means there is a system of accountability of all management levels, a control exists on financial transactions, organization wide transparency, more accurate information for management decisions, it helps preparation of correct financial statements and makes the audit process smooth. Internal controls audit is essential once in every five years in order to enhance organization wide productivity.

Costing is important for preparation of competitive quotes while pricing for items with variable factors. Every industry has different set of cost centres and business organizations with complex services or manufacturing processes require effective cost engineering in order to stay competitive. Our team has performed several cost audits and found cost leakages or misappropriations unknown to the management. Pricing decisions are vital to stay competitive in competitive markets. With our objectivity we always perform procedures internally, perform market analysis if required or hire experts of the specific industry sector.

Our professional team of internal audit can works with clients to understand the business vision and objectives.  In light of management's strategy and agreed upon scope of work we perform internal audit procedures. Most of our internal audit clients require monthly and quarterly reports on the performance of their business. Key areas of internal audit reports can be focused on the KPIs, Internal controls, variance analysis, receivables ageing analysis, discovered business risks and other information important to management.

Liquidation is a process followed for the closure of company. In UAE liquidations can take up to 3 months depending on the company registration body. There are several clearance certificates required for the purpose of liquidation and there news paper ads need to be published containing declarations. 

APT CONSULTANTS can take care of the complete process of liquidation along with the preparation of the final set of accounts for the company which requires an audit from a listed auditor. Our advisory team can also help in liquidation of assets or preparation of business valuation for acquisition, mergers, spit of shares or joint ventures.