Statutory & Internal Audit Services in the UAE
Audited financials aren't optional paperwork - they're what most free zones require for licence renewal, and what Corporate Tax filings are built on.
Audit is where the "setup, then disappear" model breaks down. Once company incorporation is complete and your company is trading, most free zones and an increasing share of Corporate Tax positions depend on properly audited financial statements - produced by the same team that understands how your company was structured.
Statutory audit
Independent examination of your financial statements against IFRS, producing the audited accounts required for licence renewal, Corporate Tax filing, bank facilities, and shareholder reporting.
Internal audit
Process and control reviews for businesses that need assurance beyond the annual statutory requirement - useful once headcount, transaction volume, or multi-entity structures start to outgrow informal bookkeeping.
Free zone renewal audits
Zones including DMCC, JAFZA, DAFZA and others require audited financial statements as a condition of annual licence renewal. Missing this isn't a minor issue - it can hold up your renewal entirely. We track your renewal date and schedule the audit well ahead of it.
What we ask for at the start of an audit
- Trade licence and Memorandum of Association
- Bank statements for the full financial year
- Sales invoices and purchase/expense records
- Prior year audited financial statements, if available
- Fixed asset register, where applicable
- Payroll records and WPS reports, if you employ staff
Why audit matters beyond compliance
- Required for free zone licence renewal in most jurisdictions
- Forms the basis for your Corporate Tax return
- Often required by banks for facility renewals
- Gives you an accurate picture of the business, not just a compliance tick
Audit questions, answered.
Most do, as a condition of licence renewal - DMCC, JAFZA and DAFZA among them - though exact requirements vary by zone and licence type. We confirm your specific obligation at consultation.
Yes. Much of our audit work is for companies whose original setup consultant no longer supports them post-formation.
It depends on your jurisdiction and licence renewal date, but typically your first audit falls due around your first licence renewal or financial year end, whichever comes first. We flag this during incorporation, not after.
Get ahead of your next renewal.
Send us your licence renewal date and we'll map out when the audit needs to happen.