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AUDIT & ASSURANCE

Financial statement audit

Professional, accurate, and FTA-compliant solutions optimized specifically for your Financial statement audit requirements in the UAE.

1,200+
Audits Completed
100%
Regulatory Acceptance Rate
AED 5B+
Assets Audited Annually
30+
Industries Served

Audit & Assurance Services in the UAE

In the UAE, audited financial statements are a legal requirement for most entities operating across the mainland, Free Zones such as DMCC, JAFZA, DIFC, and ADGM, as well as those subject to regulatory oversight by the Securities and Commodities Authority (SCA). Our audit and assurance practice delivers independent, high-quality audit opinions that satisfy regulators, shareholders, banks, and government authorities. Every engagement is conducted in accordance with International Standards on Auditing (ISA) and UAE-specific regulatory requirements.

Beyond statutory compliance, a professional audit adds measurable value to your organisation. Our audit teams identify internal control weaknesses, highlight financial reporting risks, and provide actionable management letter recommendations that strengthen your governance framework. Whether you need an annual financial statement audit, a specialised ICV certification audit for ADNOC and government contracts, or due diligence support for a potential acquisition, our experienced auditors deliver reliable insights you can act on.

Our firm serves a diverse client base across Dubai, Abu Dhabi, and the Northern Emirates, spanning sectors from construction and real estate to healthcare, trading, and technology. We assign industry-specialist audit teams to every engagement, ensuring our auditors understand the unique accounting standards, revenue recognition challenges, and regulatory nuances relevant to your business.

Our Audit & Assurance Services

Rigorous, independent assurance services that meet the highest standards of regulatory compliance and deliver genuine business insight.

01

Financial Statement Audit

We perform full-scope audits of your financial statements in accordance with ISA and IFRS, providing an independent auditor's opinion that satisfies UAE regulatory requirements. Our audit approach combines risk-based methodologies with substantive testing to deliver efficient, high-quality engagements.

02

External Audit Services

Our external audit engagements meet the requirements of Free Zone authorities, the Department of Economic Development, and international parent companies. We deliver timely audit reports that comply with all local filing deadlines and regulatory specifications across every Emirate.

03

ICV Certification

We are an approved ICV (In-Country Value) certifier, helping businesses obtain the certification required to participate in ADNOC, government, and semi-government procurement contracts. Our team evaluates your ICV score components - including Emiratisation, local spending, and local manufacturing - and issues the certification within required timelines.

04

Tax Audit Support

When the FTA initiates a tax audit, our team provides comprehensive support including document preparation, FTA liaison, and response drafting. We represent your interests throughout the audit process, working to resolve queries efficiently and minimise any potential tax adjustments or penalties.

05

Inventory & Stock Audit

Our inventory audit services provide independent verification of your physical stock counts against recorded balances. We deploy experienced count teams across warehouses in Dubai, Abu Dhabi, and across the UAE, and deliver detailed variance reports with actionable recommendations for inventory management improvement.

06

Liquidation Audit

We prepare the final audited financial statements required for company liquidation proceedings in the UAE. Our liquidation audits satisfy the requirements of Free Zone authorities, the Department of Economic Development, and the courts, ensuring a smooth and compliant wind-down process.

07

Free Zone Audit Services

Our dedicated Free Zone audit team is well-versed in the specific reporting requirements of DMCC, JAFZA, DAFZA, RAKEZ, SAIF Zone, ADGM, DIFC, and other UAE Free Zones. We ensure your annual audit is completed to the exact specifications mandated by your licencing authority, avoiding renewal delays.

08

Due Diligence Reviews

Our financial due diligence reviews provide buyers, investors, and lenders with an independent assessment of a target entity's financial position, earnings quality, and potential risks. We deliver concise, decision-ready reports that cover working capital analysis, normalised EBITDA, and contingent liabilities.

What You Receive

Professional deliverables that meet regulatory standards and provide actionable business intelligence.

Independent auditor's report on financial statements
Management letter with internal control recommendations
ICV certification score report and certificate
Detailed inventory variance and reconciliation report
Liquidation audit report and settlement statements
Financial due diligence summary and risk matrix
Tax audit response file and supporting schedules
Free Zone-specific audit report formatted per authority requirements

Frequently Asked Questions

Find answers to the most common questions about our Financial statement audit services in the UAE.

What types of companies in the UAE are required to have an annual audit?+
In the UAE, most Free Zone entities are required to submit audited financial statements to their respective Free Zone authority as part of their annual licence renewal. Mainland LLCs with more than one shareholder are generally required to appoint an auditor under the UAE Commercial Companies Law (Federal Decree-Law No. 32 of 2021). Additionally, companies subject to SCA regulation, banks regulated by the Central Bank, and entities bidding for government contracts are required to maintain audited financials. Even where not strictly mandatory, audited statements are typically required by banks for facility renewals and by investors during funding rounds.
How long does a typical audit engagement take in the UAE?+
The timeline depends on the size and complexity of the organisation. For a small to mid-sized entity with well-maintained accounting records, a financial statement audit typically takes between two to four weeks from fieldwork commencement to final report issuance. Larger engagements with multiple branches, intercompany transactions, or complex revenue streams may take six to eight weeks. We always agree on a detailed timeline during the planning phase and work closely with your finance team to ensure deadlines are met without disruption to daily operations.
What is ICV certification and why do I need it for government contracts in the UAE?+
In-Country Value (ICV) certification measures the amount of economic value a company retains within the UAE through local spending, Emiratisation, and investment in local capabilities. ADNOC, and increasingly other government and semi-government entities, require suppliers to hold a valid ICV certificate as part of the tendering process. A higher ICV score can give your company a competitive advantage when bidding for contracts. Our certified assessors evaluate your ICV components, identify opportunities to improve your score, and issue the certificate recognised by ADNOC and other mandating authorities.
Do I need a separate auditor for my Free Zone company and my mainland company?+
Not necessarily. A single audit firm can audit both your Free Zone and mainland entities, which often leads to greater efficiency and consistency in reporting. However, each Free Zone authority has its own list of approved auditors, so you need to ensure your chosen firm is registered with the relevant authority. Our firm holds approvals across all major UAE Free Zones - including DMCC, JAFZA, DAFZA, ADGM, DIFC, RAKEZ, and more - enabling us to serve your entire group structure from a single point of contact.
How should I prepare my company for an upcoming FTA tax audit?+
Preparation is critical when the FTA issues a tax audit notification. Begin by organising all supporting documentation - including invoices, contracts, bank statements, and tax return workpapers - for the periods under review. Ensure your accounting records are reconciled and that any adjusting entries are properly documented. Engage a qualified tax agent to review your filings before the audit commences and to act as your representative during FTA interactions. Our team has successfully supported numerous clients through FTA audits, consistently achieving favourable outcomes by presenting well-organised, defensible documentation.