External Audit
Services in Dubai

Yes, in several key instances: 1) Most UAE Free Zones (such as DMCC, JAFZA, DAFZA, RAKEZ, and Meydan) require submission of audited financial statements for license renewal. 2) Under the UAE Corporate Tax Law, companies with revenue exceeding AED 50 Million or entities qualifying as Qualifying Free Zone Persons (QFZPs) must prepare audited financial statements. 3) Commercial banks require audited accounts for credit lines, loans, and major banking facilities.

An internal audit is conducted on behalf of management to evaluate internal processes, operational efficiency, and risk governance. An external audit is conducted by an independent accredited auditing firm to form an objective opinion on whether the company’s annual financial statements present a true and fair view in accordance with IFRS, providing assurance to banks, shareholders, and government authorities.

Typically, our auditors require: 1) General ledgers, trial balances, and chart of accounts. 2) Year-end bank statements and bank reconciliation statements. 3) Fixed asset registers and depreciation schedules. 4) Accounts receivable and payable aging reports. 5) Inventory / stock-taking valuation sheets. 6) Tenancy contracts (Ejari/Tawtheeq), trade license, and Memorandum of Association (MOA).

For small to medium-sized companies with clean, well-maintained books, an external audit typically takes 5 to 10 working days once all supporting documentation is provided. For larger enterprise corporations or multi-entity groups with extensive inventory, it generally takes 2 to 3 weeks.

Our certified auditors conduct all external audits strictly in accordance with International Standards on Auditing (ISA) and the ethical code issued by the International Federation of Accountants (IFAC), ensuring compliance with all applicable UAE Federal Commercial Laws and Free Zone Authority rules.

You receive: 1) The official Independent Auditor’s Report signed by licensed UAE auditors. 2) The full set of IFRS-compliant Audited Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement, and Notes). 3) A confidential Management Letter detailing identified control improvements, tax compliance observations, and strategic financial recommendations.

Yes, under the UAE Commercial Companies Law, mainland companies must appoint a registered auditor and have their financial accounts audited annually.

Most free zones and mainland authorities require audited financial statements within 3 to 6 months following the end of the financial year.

Internal audits focus on operational efficiency and risk management for management’s benefit. External audits provide an independent, statutory opinion on financial accuracy for authorities and shareholders.

Yes. UAE banks typically require recent audited financial statements to evaluate creditworthiness before approving corporate loans or overdraft facilities.

Yes, under the UAE Commercial Companies Law, mainland companies must appoint a registered auditor and have their financial accounts audited annually.

Most free zones and mainland authorities require audited financial statements within 3 to 6 months following the end of the financial year.

Internal audits focus on operational efficiency and risk management for management’s benefit. External audits provide an independent, statutory opinion on financial accuracy for authorities and shareholders.

Yes. UAE banks typically require recent audited financial statements to evaluate creditworthiness before approving corporate loans or overdraft facilities.