A statutory audit is a legally mandated review of a company’s financial statements to verify their accuracy and compliance with regulatory requirements. In the UAE, statutory audits are required for companies registered in free zones, offshore jurisdictions, and other regulated entities as per UAE commercial laws

Why is a Statutory Audit Important?

• Regulatory Compliance: Ensure compliance with UAE corporate laws and IFRS (International Financial Reporting Standards).

• Financial Accuracy: Verify the correctness and transparency of financial records.

• Stakeholder Confidence: Build trust with investors, shareholders, and financial institutions.

• Fraud Detection: Identify and mitigate financial irregularities or misstatements.

• Business Growth: Enhance financial planning and decision-making based on accurate reports.

Our Statutory Audit Process

We follow a structured and professional approach to statutory auditing, ensuring that every aspect of your financials is reviewed with precision and integrity.

1. Understanding Your Business

Our audit process begins with a thorough assessment of your company’s operations, financial structure, and compliance requirements.

2. Risk Assessment & Planning

We identify potential risks, assess key financial areas, and develop a tailored audit strategy.

3. Data Collection & Examination

Our auditors examine financial documents, accounting records, and internal controls to verify compliance and accuracy.

4. Audit Reporting

A detailed audit report is prepared, highlighting financial health, compliance status, and recommendations for improvements.

5. Compliance Advisory

Post-audit, we provide expert guidance on corrective measures and strategies to strengthen financial controls.

Who Needs a Statutory Audit in the UAE?

• Companies operating in UAE Free Zones

• Public and Private Limited Companies

• Businesses applying for bank loans or investor funding

• Entities registered in regulated industries

• Multinational Corporations with UAE subsidiaries