Dubai, UAE

Traits to watch out for amongst accountants and auditors

2 min read
Traits to watch out for amongst accountants and auditors

Accounting firms in Abu Dhabi along with top audit firms in Dubai should be able to differentiate between credible and non credible accounts and auditors respectively. For a firm to display a positive outlook, they need to hire individuals with caution.

Characteristics of a successful accountant: An accountant should have a strong sense of ethics and integrity while going about their accounting and bookkeeping activities. A good accountant is one who strives to keep on learning and polishing their skills further. They should constantly keep in touch with changes in principles, laws and taxes impacting the accounting field. Accountants in today’s modern world have the chance to enrich their knowledge by using Internet of Things(IoT). Using automation tools can allow them to perform their jobs more conveniently. Firms should hire an accountant who is good with numbers since no firm would want an accountant misplacing digits or even missing a comma which can result in huge financial risks. Accountants should be accurate in their line of work. Regardless of the structure of the organization a credible account should be able to handle paperwork, numbers and data on a daily basis.

Credibility of auditors: A good auditor ensures that cash related operations within a business runs smoothly. Depending on the firm’s preferences, they can choose different types of auditors For instance an internal auditor works within the company and is to look after cash transactions. Whereas independent auditor is one who has no personal connections with firm which is why it is imperative to hire them carefully.  Apart from being knowledgeable on different taxation laws an auditor should be familiar with computers or any other sorts of essential electronic devices. Being upto date with technology would allow them to be prepared for automation within the company. Punctuality of auditors matter especially when it comes to attending meetings of the highest priority. There is a reason when potential auditors being interviewed are asked to provide a copy of their written statements regarding privacy policies to concerned stakeholders. In a nutshell privacy of the company should be maintained at all times on part of the auditor. Auditors who display assertiveness, making bold decisions and have the necessary skills to elaborate their findings to the concerned stakeholder. Auditors do a great job of advising business owners regarding financial decisions.