Function of Auditing in UAEAuditing is a field that has evolved a lot and has recently become indispensable. Indeed, this practice presents a whole new dimension. Initially, the audit focused primarily on corporate compliance and the institution of strict financial controls. However, modern businesses in the UAE are not much concerned with financial controls or compliance, but rather with risk assessment and mitigation. For any listed company, audit plays a key role in the risk assessment aspect. It primarily acts as a watchdog to the company's shareholders and assesses impending risks. Businesses in the UAE operate at a very advanced level. However, the United Arab Emirates (UAE) does not have its own accounting standards. You find that most of the principles used in accounting and auditing come from the firms that carry out this practice in this country. It is therefore the mandate of these accounting/auditing firms to use International Financial Reporting Standards (IFRS) in their operations to achieve credibility. Since most companies are owned by both residents and non-residents of the UAE, the application of IFRS becomes very convenient for everyone. The diversity of business ownership in the UAE gives every reason why auditing is a fundamental tool used in this country. The benefits arising from this aspect are incredible and this article strives to explore the audit functions embedded in this culturally diverse business environment based in Dubai. Something you need to keep in mind throughout is that in the UAE, although corporate law provides an outline for preparing audited financial reports, there is no obligator... ... middle of paper ...... we discover the risks facing the organization and highlight the real state of the control and governance processes in the organization as well as proposals for changes to be made. Thus, in the United Arab Emirates, auditors perform two distinct functions. First, whether the auditor is internal or external, he or she conducts a thorough, independent and objective examination of the organization's activities, ranging from financial to ethical practices, revealing their relevance. Secondly, the auditor is seen as a long-awaited change agent as he not only reports the findings of his audit but also gives advice on how the situation can be improved to improve the current situation. However, despite all these developments on the functions of auditors in the UAE, compliance remains the main role of the auditor in any company..