Most entities registered in the United Arab Emirates are required by law to have their annual financial statements audited.
Even though some businesses don’t need to have an audit by law, it makes commercial sense for having an audit, such as getting the best price when it is opportune time to sell the business, keeping banks happy when you need finance, keeping credit insurers and suppliers happy, but most of all, giving you the comfort of knowing that you have strong controls and accurate results.
The companies in UAE require their audits to be completed in line with International Standards of Auditing with accounts being prepared under International Financial Reporting Standards. We work with our clients to ensure that they are able to fulfil their statutory obligations and file audited accounts in a timely manner.
For many private companies, financial reporting requirements do not necessarily require audit services. We can provide alternative services, such as reviews and compilations. These types of services may be a better alternative to an audit, yet meet your needs and those of your financial statement users. We can advise you on what the best alternative may be to meet your reporting needs and requirements.