Audit Success Stories

Major property developer faced RERA penalties due to escrow account discrepancies and off-plan sales recognition issues. Previous generalist auditor missed critical RERA requirements, putting the company at risk of license suspension.

Our real estate specialized team conducted comprehensive escrow account reconciliation, implemented proper IFRS 15 revenue recognition for construction contracts, and worked directly with RERA to resolve historical discrepancies. We redesigned their financial reporting system to ensure ongoing compliance.

Large trading company with operations in 15 countries struggled with foreign exchange accounting, transfer pricing documentation, and customs compliance. Previous audit took 45 days causing operational delays.

Deployed specialized trading audit team with transfer pricing experts. Implemented automated FX reconciliation systems, standardized transfer pricing documentation, and created efficient customs compliance framework. Reduced audit fieldwork through risk-based sampling.

Investment firm faced DFSA concerns regarding risk management, capital adequacy reporting, and client money protection. DFSA threatened to restrict their license if issues not resolved within 90 days.

Assembled team of DFSA-specialized auditors and former DFSA inspectors. Conducted comprehensive risk assessment, implemented proper client money segregation, updated capital adequacy models, and provided DFSA-ready documentation. Worked closely with DFSA during resolution process.

Manufacturing company had significant inventory discrepancies, unclear work-in-progress valuations, and inefficient cost accounting. Bank financing was at risk due to unreliable financial statements.

Conducted physical inventory count with our manufacturing specialists, implemented proper WIP valuation methodology using weighted average costing, established cost accounting system linking production to inventory, and retrained finance team on manufacturing accounting.

Healthcare provider with 8 clinics struggled with insurance claims reconciliation, DHA compliance documentation, and medical inventory management. Revenue recognition was inconsistent across locations.

Healthcare audit specialists implemented standardized revenue recognition policy for insurance vs. cash patients, automated insurance claims reconciliation, established DHA-compliant documentation system, and optimized medical inventory controls with expiry management.

Fast-growing SaaS company needed investor-ready financials for Series A fundraising. Revenue recognition for subscriptions was improper, capitalized development costs were questionable, and no formal financial controls existed.

Implemented proper SaaS revenue recognition (ASC 606), established capitalization policy for software development costs, created financial controls framework, and prepared investor-grade financial package with quality of earnings report.

Hotel chain with 12 properties lacked centralized financial controls. Cash handling procedures were weak, revenue management was inconsistent, and seasonal fluctuations made forecasting difficult.

Implemented centralized audit approach with on-site visits to all 12 properties, standardized cash handling and revenue recognition procedures, established seasonal budgeting model, and created hotel-specific KPI dashboard for management.

E-commerce company selling through own website, Amazon, Noon, and retail stores had impossibly complex revenue recognition. Payment gateway reconciliation took 2 weeks monthly. Returns and refunds were untracked.

Designed multi-channel revenue recognition framework, automated payment gateway reconciliation through API integrations, implemented returns management system, and created unified dashboard showing revenue by channel in real-time.