Internal Audit Service
From the past years of immense experience and knowledge in Accounting and Auditing sectors, we have tailor made services with the most credible approach. Internal auditing is a monitoring activity on the adequacy and effectiveness of the accounting and internal control systems. The recent survey conducted by the United Nations Organization (UNO) says the main reason for failure of most of small and medium organization in the UAE is due to the vulnerable accounting and internal control system so that internal auditing is vital to every organization as it is an integral part of the internal control system. Though the companies comprise of accountants generally don’t possess internal auditors within the company to analyze an internal check due financial limitations. CloudBooks Accounting & Bookkeeping comprise of experienced and qualified internal audit professionals who can provide the best service than any others with the affordable price by SME.
Our Internal Audit Services include the following
> Supervision and review the work of accounting staffs
> Ensuring all revenues earned and expense incurred during the period has been properly recorded
> Examine all the payments are made with supporting documents and proper authorization
> Check sales invoices are made with correct price, quantity and quality as per sales order
> Reconciliation of balance sheet accounts
> Preparation of adjusting and closing entries
> Inventory control
> Evaluating the existing internal control system if necessary suggesting a new internal control system
> Providing an internal audit report monthly with recommendations