Auditing help companies to discover that unique approach by assessing operational efficiencies, identifying opportunities to enhance strategic insight and operational effectiveness.
A tax audit in UAE will be conducted by the official representatives of the Federal Tax Authority (FTA). The objective of the tax audit is to determine the VAT compliance and to ensure that the tax liability is correctly determined and paid.
Businesses must prepare themselves for the tax audit by the FTA. Tax audit will verify the liability of VAT through examining the accounting and bookkeeping records and VAT return filings which are maintained by the taxpayer.