Accounting Supervision Services
Professional Accounting Supervision Services in Dubai

Professional Accounting Supervision Services in Dubai

Let us handle your accounting needs, allowing you to focus on your core business activities with peace of mind. Our dedicated team ensures meticulous attention to your financial affairs

Book a Complimentary Consultation

Professional Accounting Supervision Services in Dubai by PrimeFour Consulting LLC

If you have suspicions regarding potential fraud or errors in your bookkeeping or financial reporting, enlisting the expertise of our adept team at PrimeFour Consulting LLC can offer significant advantages. Various strategies can be employed to perpetrate and conceal strategically planned fraud within an organization. Taking proactive measures is essential to avoid substantial losses or even bankruptcy in the future. It's crucial to recognize that individuals you trust may engage in deceptive practices for personal gain.

In such scenarios, the management may present inflated profits and sales on financial statements, while the underlying reality could be vastly different.

To safeguard the fruits of your life's hard work and the collective efforts of your team, PrimeFour Consulting LLC conducts regular supervision of your entity. As a third-party firm, our judgment remains unbiased, free from self-interest or self-review threats. You can place complete trust in our seasoned team, with years of experience in the field. Our qualified accountants in Dubai ensure the honest and truthful recording of daily transactions, bookkeeping in Dubai, and financial reporting in Dubai.

Key Features of Our Accounting Supervision Services in Dubai:

Regular On-Site Visits:

We conduct regular visits to your premises, tailored to the frequency of your transactions— either weekly or monthly.

Sales Ledger Verification:

We scrutinize the sales ledger, cross-referencing with cash received, receivables recorded, customer details, and invoices to ensure accuracy.

Compliance with Accounting Principles:

We review adherence to generally acceptable accounƟng principles, ensuring proper application of the prudence concept and accrual basis of accounting.

Inventory Valuation Verification:

Verification of inventory valuation through physical counts, inspection for damages, and confirmation that costs are measured at the lower of cost or net realizable value (NRV).

Sales Analysis:

In-depth analysis of sales contributions by department to identify potential discrepancies, especially in cases where incentives may lead to overvaluing sales.

Asset Damages and Depreciation:

Verification of reported damages to assets, accurate computation of depreciation, and validation of purchase or sale transactions with relevant documents.

Account Reconciliation:

Rigorous examination of bank reconciliations, debtor’s accounts, customer’s accounts, and other receivable or payable accounts to ensure accuracy and timeliness.

Expense Authorization:

Confirmation that all utility bills and expenses are cleared and authorized by the manager/owner.

Verification of Original Documents:

Authenticity checks on documents such as bank accounts to prevent potential fraud.

Observation of Business Culture:

On-site observations to ensure the promotion of a culture of honesty and integrity within the management.
 

Financial Statement Accuracy:

Confirmation that the applicable financial framework is accurately utilized during the preparation of financial statements.

Income Receivables Verification:

Comprehensive verification of all income receivables by cross-referencing with contracts and other records.

Ensure the financial health of your business with PrimeFour ConsulƟng LLC – your trusted partner in professional accounting supervision services in Dubai.