Auditing Function in UAE Auditing is an area that has evolved a lot and has become indispensable in recent times. This is because this practice presents a completely new dimension. Initially, auditing focused primarily on corporate compliance and establishing strong financial controls. However, modern businesses in the UAE do not care much about financial controls or compliance, but rather care about risk assessment and mitigation. For any listed company, audit plays a key role in the risk assessment aspect. It primarily acts as a watchdog for the company's shareholders and provides assessments of upcoming 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 are derived from companies that carry out this practice in this country. It is therefore the duty of these accounting/auditing firms to use International Financial Reporting Standards (IFRS) in their operations to gain credibility. Since most companies are owned by both residents and non-residents of the UAE, the application of IFRS becomes very practical for everyone. The diversity in business ownership in the UAE provides every reason why audit is a vital tool used in this country. The benefits arising from this aspect are incredible and this paper attempts to explore the audit functions anchored in this culturally diverse business environment based in Dubai. Something you need to keep in mind is that in the UAE, although company law provides guidelines for preparing audited financial reports, there is no requirement...... middle of paper...... on brings to light the risks facing the organization and brings to light the true state of the control and governance processes in the organization, as well as proposing changes to be made. Therefore, in the UAE, auditors operate with two distinct functions. First, regardless of whether the auditor is internal or external, he or she carries out a thorough, independent and objective examination of the organization's activities, from financial to ethical practices, revealing their appropriateness. Secondly, the auditor is considered the agent of long-awaited change because he not only reports the results of his audit, but also advises on how to improve the situation to improve the current situation. However, despite all these evolutions on the functions of auditors in the UAE, compliance remains the primary role of the auditor in any enterprise.