About Us
Alliance CA, a leading auditing firm in Dubai, goes beyond traditional financial performance measures to offer comprehensive Operational Audit Services. Understanding that a clear picture of operational effectiveness cannot be solely derived from financial metrics, Alliance CA evaluates companies based on a blend of non-financial functional outcomes and financial performance. This holistic approach allows for a deeper insight into an organization’s day-to-day operations, efficiency, and overall output.
What is an
operational
audit?
An operational audit is a method used to systematically evaluate the efficacy, efficiency, and sustainability of an organisation’s operations. In contrast to a financial audit, which reports on the company’s financial situation, an operational audit examines the company’s day-to-day operations, including its operations and transactions.
Who carries out operational
audit services?
Operational audit services are often carried out by the institution’s internal auditor, while it is also possible to outsource its performance. In essence, it contributes to bolstering the internal control systems, which in turn helps reduce expenses and anomalies. It is also the obligation of the auditor to propose a strategy for overcoming the inadequacies of the business, which will assist the management take appropriate steps. Along with the identification of inconsistencies in the operations, the above responsibility also falls under the auditor’s purview.
Steps in operational auditing
Having a solid comprehension of the company’s business operations as well as its operational structure.
A step-by-step comprehension of the policies, regulations, and guidelines associated with each activity and implemented system.
Implementation of procedures and regulations that have already been specified, typically through field examination.
Investigating whether or not there are any openings or weaknesses in the existing procedures.
Suggestions to administration for filling up the voids and putting internal controls into place.
Using the measures and recommendations that have been provided, make sure that the activities run smoothly.
To conduct a follow-up audit to evaluate the effectiveness of the operation’s working procedures.
Why Choose
Alliance CA
At Alliance CA, we have a team of experienced internal auditors who can conduct a comprehensive operational audit in Dubai for your company, regardless of the sector in which it operates. The following is a list of the primary goals that Alliance CA aims to achieve through operational audit:
Assessment of the company’s policies and guidelines covering sales, acquisitions, and other activities as part of an operational audit.
To maximise profits while also minimising negative impacts on society.
To provide an efficient control system, including the separation of roles, the authorisation of procedures, and the protection of fixed assets.
Evaluation of performance concerning the amount of work accomplished and time saved.
Advancement of corporate social responsibility, such as reducing the amount of money spent on society’s problems while simultaneously increasing the amount of good done for society.
Frequently asked questions
External audits include financial statements audits, operational audits, and compliance audits.
A qualified audit report certifies financial statements reflect a true and fair view. An unqualified audit report states that the financial statements reflect a true and fair view without any limitations.
Businesses registered under the trade-free zones hold trade licenses that require annual financial statements to be audited at the time of renewal.
Yes, external auditors can rely on internal audits.
Internal auditors are hired by the firm as employees to oversee the accounting and auditing services required by a company on a day-to-day basis. External auditors are independent and are hired as consultants.
External auditors double-check the same records that internal auditors work on to ensure quality control of internal audits.