Stay Financially compliant with Statutory Audit Services in Dubai
We help businesses streamline their financial operations, reduce risks, and improve efficiency with statutory audit services in Dubai. About 20% of audits of public companies find issues in financial statements. Whether it’s financial statement audits, internal control assessments, or authentic audit opinions, we ensure businesses maintain transparency, identify financial inefficiencies, and meet UAE legal requirements seamlessly.
Stay Compliant at Every Step
A statutory audit makes sure businesses follow UAE laws and IFRS, helping prevent penalties from regulators. It enhances financial accuracy, builds stakeholder trust, and meets international standards, supporting smooth cross-border transactions and strong financial credibility.
Remove Errors and Irregularities
Audits help find financial misstatements, fraud, and accounting mistakes. They improve transparency by checking balance sheets, profit & loss statements, and payroll records. Identifying and correcting errors ensures accuracy and prevents legal issues.
Prevent all Financial Risks
Statutory audits help businesses evaluate financial risks, improve internal controls, and handle tax responsibilities effectively. Our statutory auditors also ensure sustainable growth by identifying weaknesses in cash flow, and compliance risks and helping remove them.
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Is Audit Mandatory for All Companies in Dubai?
No, statutory audits are not mandatory for all companies in Dubai. However, most free zone companies, limited liability companies (LLCs), and regulated businesses must undergo an annual audit. Mainland companies may require audits based on business activity, size, and licensing authority requirements. Even if not mandatory, audits help ensure financial accuracy, transparency, and compliance with tax laws.
What Is the Dubai Statutory Audit Requirements?
Companies must maintain proper financial records for at least 5-7 years as per UAE Commercial Companies Law and Corporate Tax Law. Audits must be conducted by approved auditors registered with relevant authorities. Businesses need to submit annual financial statements, tax returns, invoices, contracts, and bank statements. Certain free zones, like DMCC, JAFZA, and DIFC, mandate annual audit reports for license renewal.
How to Conduct a Statutory Audit in Dubai?
The audit process starts with appointing a registered auditor, collecting financial data, and reviewing ledgers, invoices, payroll records, and tax filings. Auditors conduct risk assessments, verify transactions, reconcile bank statements, and check VAT compliance. After thorough evaluation, they prepare an audit report highlighting financial health and compliance status, which is submitted to regulatory bodies, free zone authorities, or stakeholders.
How to Prepare for a Statutory Audit in Dubai?
Businesses should organize financial records, including income statements, expense reports, VAT filings, and bank reconciliations. Ensuring accurate bookkeeping, internal control checks, and tax compliance can speed up the process. Appointing an approved auditor early, conducting pre-audit assessments, and addressing potential discrepancies help avoid penalties, ensure smooth audits, and maintain financial transparency.
Benefits of Statutory Audits for SMEs in the UAE
A statutory audit strengthens financial credibility and ensures compliance for SMEs.
- Improves investor confidence by verifying accurate financial statements and records
- Helps in securing bank loans and attracting potential business partners
- Identifies financial risks, fraud, and inefficiencies for better business decisions
- Ensures compliance with UAE tax laws, avoiding penalties and legal issues
How long the statutory audit takes?
For small companies’ statutory audit can take about 3-6 weeks. While larger companies with a high volume of complex financial transactions can take about 8-12 weeks for statutory audit.
Our clients, ranging from startups to multinational corporations in Dubai, benefit from our comprehensive and strategic approach to business advisory. Our team of highly qualified business and tax advisors takes pride in ensuring regulatory compliance, operational efficiency, and sustainable long-term success for businesses across various industries
Financial Statement Audit
Recent studies reveal that 30-40% of all fraud cases are detected through financial audits. That’s why our auditors carefully verify your financial statements, verify balance sheets, income statements, and cash flow statements. We also provide thorough inspections, asset valuation, transaction verification, and compliance testing to comply with Dubai’s standards.
Internal Control & Compliance Audit
Our internal audit services in Dubai assess risk management, internal controls, and business processes, follow-up audits, and regulatory compliance to detect fraud, financial misstatements, and inefficiencies.
Dependable Audit Opinion
With top statutory auditors in Dubai, Dubai Business and Tax Advisors delivers clear and unbiased audit opinion based on detailed financial analysis, compliance verification, and fraud risk assessment. We make sure your company’s financial statements are accurate, reliable, and fully comply with UAE standards.
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E - commerce
Retail
IT & Tech
Real Estate
Professional Services
SMEs
Finance
Certified Chartered Accountants
Be stress-free with top-tier accounting and financial expertise in Dubai.
Ensure Data Confidentiality
Using advanced accounting technology and controls for data security.
Achieve Measurable Results
Making sure your financial strategy aligns with your goals and objectives.
