External Audit Service in accordance with International Standard on Auditing No. 200

In the UAE's evolving business environment, external auditing has become a key component of ensuring transparency and enhancing investor confidence. International Standard on Auditing (ISA) 200 is the benchmark that regulates this service and sets out the objectives and general principles that auditors in the country must adhere to.

• Express an independent technical opinion to verify the fairness and truthfulness of the financial statements and ensure they are free of material misstatements that could influence users' decisions.
• Enhance the credibility of information by issuing financial reports that reflect the actual reality of the company's activities and enhance the confidence of stakeholders in the UAE market.

Independence and Objectivity: The auditor must be completely impartial and have no interest in the entity being audited.

Professional Competence: The auditor must possess sufficient technical skills and knowledge to perform the audit effectively, taking into account international standards and UAE legislation.

Confidentiality: Respect the confidentiality of company information and prevent its use outside the scope of the audit.

Sufficient and Appropriate Evidence: Gathering robust data to support the final professional opinion.

Planning: Studying the nature of the company and determining the scope and procedures of the audit based on the size and complexity of operations and in compliance with the UAE Companies Law.

Evidence Collection: Using examination, analysis, inquiries, and observations to obtain reliable evidence.

Risk Assessment: Analyzing sensitive areas of the financial statements to identify potential material risks.

Preparing the Final Report: Drafting a comprehensive report that includes the auditor's opinion, responsibility, and the company's compliance with the standards adopted in the UAE.

The external audit service, in accordance with International Standard on Auditing (ISA) 200, is a cornerstone for achieving corporate transparency, enhancing trust, and attracting investment in the UAE. It goes beyond issuing a technical opinion; it provides the company with strategic value that supports sustainable growth.

"A professional external audit is not merely a supervisory procedure; it is a partner in the success of the organization."