While the entire accountability of bringing to light fraud incidents has not been delegated directly to auditors, in some way it seems that this duty has turned out to be anticipated of them. Most people are of the opinion that auditors must fill the place of a compliance program automatically. This communication breakdown is called as an expectation gap. The true role of approved auditors in Dubai is to assess the areas of a business which they believe to be susceptible to misconduct acts. However, owing to the fact that not all transactions need to be assessed by them, there is a possibility that proof of fraud might get overlooked, even with this fact at hand.

Auditors to perform two functions

Several organizations are searching for approved auditors in Dubai to function as both, operating as the management team of fraud risk to assess misconduct and fraudulent activity incidents and balancing the accounting books. The companies are really looking forward to employing forensic auditors; individuals trained in the conventional auditing role but also possess a concentration in an additional study field, for example, economic and criminal investigative techniques. Certain companies have even started to hire such consultants to find and resolve issues before they turn into a real crisis, while some others have hired their in-house team of forensic auditors to work for them.

The role of a traditional auditor was to conduct an assessment of the dealings of a company in general, to offer reasonable doubt that the particular company is caught up in fraudulent activities. However, it is not just about the work of the approved auditors in Dubai. The companies should also start to take responsibility to observe internally and then pass on the information to the auditor who can take it forward and solve the issue as soon as possible.

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