Professional Grade

Statutory Audit Services

Ensuring Financial Transparency & Regulatory Compliance

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Service Overview

A Statutory Audit is a legally required examination of your company's financial records to verify accuracy and compliance with UAE Federal Law No. 2 of 2015 (Company Law). Beyond fulfilling a legal obligation, our statutory audits build trust with shareholders, investors, and regulatory bodies like the Ministry of Economy. We provide an unbiased opinion on your financial health, identifying risks and ensuring your statements reflect a true and fair view.

Regulatory Note

Under the new UAE Corporate Tax regime and strict Free Zone regulations, accurate financial reporting is more critical than ever. Statutory audits are mandatory for Mainland LLCs, PJSCs, and most Free Zone entities (DIFC, JAFZA, DMCC) to renew their trade licenses and avoid penalties.

What We Cover

Review of Financial Statements (Balance Sheet, P&L, Cash Flow)

Verification of Supporting Documents (Invoices, Contracts, Bank Statements)

Audit of Internal Controls & Accounting Systems

Compliance with UAE Commercial Companies Law

Assessment of Statutory Dues & Tax Obligations (VAT, Corporate Tax)

Inventory Count & Asset Verification

Payroll & Employee Benefit Audit

Shareholder Equity & Capital Structure Review

Our Process

Planning & Strategy

Understanding the entity's legal structure, industry, and audit risks.

Documentation Review

Collecting key documents: bank statements, contracts, invoices, and board minutes.

Fieldwork & Verification

Testing controls, verifying assets (inventory/cash), and auditing transactions.

Draft Reporting

Discussing findings and adjustments with management to ensure accuracy.

Final Audit Report

Issuing the formal opinion signed by our licensed auditors for submission to authorities.

Common Questions

What is the difference between Internal and Statutory Audit?

Internal audit is optional and focused on improving operations, while Statutory Audit is a mandatory legal requirement focused on financial statement accuracy for external stakeholders.

What is the deadline for submission?

Most authorities, including the Ministry of Economy, require audited financial statements within 3 months of the financial year-end.

Who needs a Statutory Audit?

Mainland LLCs, PJSCs, branches of foreign companies, and entities in specific Free Zones (like DMCC, JAFZA) are legally required to conduct annual statutory audits.