M/s. NBN Auditing of Accounting Mezzanine Floor 03, Dar Al Wuhedia Building, Al Mamzar - Dubai
Assurance services are audit activities that provide an independent, objective assessment of financial statements or compliance efforts. The objectives of these audits are to assure management, the Board, and regulators that financial statements are accurate and operations are done in accordance with applicable policies and regulations. Accounting and Financial Reporting is a specialized branch in accounting that deals with summarizing, recording and presenting all the financial activities.
With increased complexities in accounting standards and continuously changing business conditions, it is necessary for the management to understand the prevailing financial systems in order to ensure their efficiency and profitability. Auditing offers the necessary professional and independent suggestions that prove crucial for the credibility of the organization. Auditing also ensures careful analysis of potential risks and promotes the development of well-planned systems to mitigate those risks.
The role of the internal audit function is critical for the success of any risk management framework within an organization. The main obligation of internal auditors is to evaluate whether other risk systems and controls in place within the firm are operating effectively to manage and mitigate risks or not. Such an independent evaluation of the firm’s control functions will go a long way in enriching the systems and procedures that are followed. Internal Auditors’ roles include supervising, evaluating, investigating and analyzing organizational risk and controls; and reviewing and confirming information and compliance with policies, procedures, and laws. Working together with management, the internal auditors provide assurance that as far as possible risks are significantly reduced and that the organization’s corporate governance is forceful and capable. In addition Internal auditors make recommendations for And, when there is room for improvement, internal auditors make recommendations for augmenting processes, policies, and procedures.”
Supply Chain Management (SCM) is the management of the flow of goods and services. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Management of material and information flow in a supply chain to provide the highest degree of customer satisfaction at the lowest possible cost Supply chain management requires the commitment of supply chain partners to work closely to coordinate order generation, order taking, and order fulfillment. They thereby create an extended enterprise spreading far beyond the producer’s location.
Investigative Auditing consists of the detection, tracing, quantification and prevention of fraud, money laundering and terror finance. Investigative Auditing involves the examination of accounts and the use of accounting procedures to discover financial irregularities and to follow the movement of funds and assets in organizations.
A Human Resource Audit is a systematic and comprehensive process, which is designed to examine the strategies, policies, procedures, documentation, structure, systems and practices with respect to the organization’s human resource management. It systematically and scientifically assesses the strengths, limitations, and developmental needs of the existing human resources from the larger point of view of enhancing organisational performance. Our services include:
It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a company that he has targeted or its assets for an acquisition. The theory behind due diligence holds that performing this type of investigation contributes significantly to informed decision making by enhancing the amount and quality of information available to decision-makers and by ensuring that this information is systematically used to deliberate in a reflexive manner on the decision at hand and all its costs, benefits, and risks.