The Federal Tax Authority (FTA) has announced that businesses must complete Corporate Tax registration within 90 days from the Date of Incorporation / MOA.
In organisations, Due diligence serves as an investigative process similar to an audit, used to scrutinise financial transactions and performance. If you are a business owner in the UAE, Reyson Badger is here to conduct the due diligence audit, offering valuable insights into potential investments, mergers, joint ventures, and more. Through this process in Dubai and the UAE, you gain a comprehensive understanding of your business's financial performance, including earnings, current financial standing, prospective customer base, and the competence of your management team.
Need to conduct a Due Diligence Audit
Due diligence audit in UAE involves thoroughly investigating a potential investment or product to verify all relevant facts, often including a review of financial records. It's the research conducted before entering into an agreement or financial transaction with another party. The primary goal of a due diligence audit is to help customers assess the history, performance, capabilities, and reputation of a business.
Opting for due diligence audit services in Dubai is beneficial for identifying transaction-related issues, determining the actual value of a business transaction, evaluating its history, assessing risks and opportunities, steering clear of risky transactions, and confirming compliance with investment criteria. It's important to note that a due diligence service typically concludes within 4 to 8 weeks, though the duration is highly dependent on the scope and complexity of the transaction and the availability of data from the target company.
Who conducts the Due Diligence audit?
Audit firms in Dubai employ a specialised team, often comprised of Financial Analysts, Chartered Accountants (CAs), and industry specialists, to conduct due diligence. While they investigate risks, the primary goal is to assess the quality of earnings (QoE) and underlying value. Detecting and addressing these issues is crucial as they can otherwise lead to uninformed and unfavourable investment decisions.
Types of Due Diligence
The following are the major due diligence auditing services in the UAE.
- Financial Due Diligence
Financial due diligence involves a comprehensive review of records, including trade results, cash flow, and the balance sheet of a business to understand its financial situation. It also includes checking forecasted performance and funding requirements.
- Operational Due Diligence
Operational due diligence reassesses non-financial aspects of a business, covering HR activities, insurance, risk assessment, system and process reviews, and the evaluation of the management team.
- Commercial Due Diligence
Commercial due diligence aims to examine various commercial aspects such as market conditions, competitor analysis, and evaluation of products or services. This process covers any commercial data that the user wishes to investigate.
- Legal Due Diligence
Legal due diligence investigates legal risks associated with the rights and obligations of the target company. This may involve scrutiny of employment disputes, intellectual property matters, and property ownership.
- Environmental Due Diligence
It assesses environmental compliance, regulatory risks, and potential liabilities such as contamination or non-compliance issues.
- People Due Diligence
People due diligence involves studying the existing organisational structure and potential changes post-acquisition. It also examines employment contracts, termination costs, and potential benefits for employees.
Why Choose Us?
Reyson Badger, a top accounting and auditing firm in the UAE, specialises in conducting comprehensive due diligence audits in Dubai. Our expert team of professionals, including expert chartered accountants, bookkeeping, and finance specialists, is dedicated to conducting thorough and insightful due diligence audits for businesses.
With a commitment to delivering reliable and meticulous services, we aim to uncover critical information about market conditions, financial standing, legal aspects, and operational efficiency. As one of the top due diligence auditors in the UAE, we prioritise offering important insights to help organisations make educated decisions, reduce risks, and maximise performance.
