As a business owner or head in the Middle-East, you might have reached a spot where you need to hire a reliable accounting and auditing team or firm. If you are looking to find some of the top accountants and auditors in Dubai, you’re at the right place.

In this article, we have discussed some of the top accountants and auditors in Dubai, the services rendered by them and the factors that make them the best. Further, we also discuss the main body regulating and certifying accountants- the Accountants & Auditors Association in Dubai.

What are the services provided by accountants and auditors in Dubai?

Bookkeeping and preparation of financial statements: Bookkeeping involved recording and summarising the financial transactions taking place in business on day to day basis. Accounting firms will further maintain ledger accounts and occasionally check trial balances. As per the latest laws passed in UAE, the financial statements are to be prepared at least annually.

Analysis of financial statements and reporting: Accountants will be also responsible for analyzing financial statements in depth, making reports of financial position, its implications, etc. These reports may be submitted either to the CFO or to representatives of your business, as required. They will be analyzing your financial position based on your accounts and transactions. You also get to know the departments that are weak or are cause your losses.

Suggestions for improvement: Top accountants and auditors in Dubai will guide you as to what changes need to be made in the firm to establish a secure financial position. They would spend time understanding your accounting system and if needed, would also suggest critical changes

Internal audits: The audits need to be done by a certified Chartered Accountant as per the norms. Moreover, they are to be a part of the Accountants & Auditors association in Dubai. Accountants and auditors will be responsible to carry out the audits smoothly.

Filing Tax returns: Accounting firms you hire will be responsible to file tax returns as per the norms. Most of the accounting firms in Dubai offer these tax-filing services.

Budgeting: Accounting firm you hire may also prepare the budget, or assist you to prepare annual or monthly or half-yearly budgets for your firm.

Getting loans and credit: Securing a business loan is the most essential service and is of value to small businesses. Accountants and auditors know the right way of showcasing the worthiness and getting banks to trust.

Reviewing documentation: Auditors would review and ensure the documentation and proofs that support the transactions as shown in the books.

Following Accounting standards: It is recommended by the authority to follow the international high-quality accounting standards in the process, especially in certain industries and organizations. UAE commercial Company Law underlines the same. The annual financial statements and audits shall be prepared and conducted based on IFRS standards. Accountants and auditors in Dubai will ensure that you follow the standards.

What makes top accounting firms ‘Top’?

We know the pace of developments of UAE, especially Dubai. And, we know the level of progress of businesses there! Now, with that much competition to meet and beat, how does the top accountants and auditors in Dubai get to shine as the ‘best’? What are the factors that keep them ahead of the competition and help them stand out of the crowd of accounting firms in Dubai?

Technology

Top firms are often backed by top-class technology. They know in order for them and their clients to survive in the competitive environment of Dubai, technology is an important factor. From accounting software to reporting methods, these top firms will utilize the best of technology. Ultimately, clients get the advantage of these.

Talent

The top firms would only recruit intellectual, knowledgeable and talented accountants and auditors. So when businesses associate them with the top accounting firms, they can rest assured that their accounts are being maintained by qualified professionals. Moreover, most of the associates of top firms will be certified accountants and members of the Accountants & Auditors association in Dubai.

Relationship with clients and Client support

Reliable accounting firms step ahead for helping clients out in a tough situation, through business advisory and consultancy services. You can expect amazing client support services. Ultimately, they create and maintain a trustworthy relationship with you.

Service quality

Well, service quality is what makes any service business top. From sending you timely or periodical accounting reports and information to delivering you immediately needed statistics and data, to working towards a good financial position of the client, nothing beats the service quality of these top firms.

Top accountants and auditors in Dubai

So, we are at the part where we list some of the top accountants and auditors you can hire in Dubai. Listed below are some of the reliable accounting and auditing service providers you can consider apart from the Big 4.

Kothari auditors and accountants Dubai: Headquartered in Dubai, Kothari Auditors and accountants have been providing accounting services to clients for well over two decades now. They specialize in providing standardized accounting services and professional assistance.

Finacctech Dubai: Financctech basically is a team of highly-qualifies, we experienced and certified professionals working to offer superior accounting services to clients. Over these years Finacctech has helped numerous clients attain their financial and expansion goals with customized accounting and marketing solutions.

Kant and clients auditors and accountants Dubai: This is yet another group of accounting companies spread across over 30 countries offering satisfactory services in the area of accounting and taxation, ERP development, consulting and much more.

If you are too confused about which firm to hiring in Dubai, this list should get you started!