Auditing Services Dubai

Types of Audits We Offer

External Audit (Statutory Audit)

An independent statutory audit of your financial statements, conducted in accordance with International Standards on Auditing (ISA) and prepared under IFRS (International Financial Reporting Standards).

External audits are required for:

• Trade license renewal — most free zones (DMCC, JAFZA, DAFZA, IFZA, etc.) require audited accounts annually
• Bank financing — all UAE banks require audited financials for any credit facility
• Investor relations — institutional investors and private equity require IFRS-compliant audited accounts
• FTA compliance — Corporate Tax filings for larger entities require audited financials
• Company liquidation — a liquidation audit is mandatory for formal company winding up
• Government tenders — many procurement authorities require audited financial statements

Our auditors issue an unmodified (clean) or qualified opinion in line with ISA, covering:

• Annual financial statement audit (balance sheet, P&L, cash flow, notes)
• IFRS-compliant auditor's report
• Management letter with control recommendations
• Free zone authority submission ready

Internal Audit

Operational reviews of your internal controls, risk management processes, and compliance frameworks — identifying inefficiencies and fraud risks before they become costly problems:

• Internal control review and gap analysis
• Procurement and expense audit
• Cash handling and petty cash audit
• IT system and data security review (with technology partners)
• Compliance with company policies and UAE regulations
• Payroll and HR audit
• Revenue cycle audit (billing and collections)

Internal audit reports are for management — they are not published but provide a detailed action plan for improvement.

Forensic Audit & Investigation

Forensic accounting and fraud investigation services — used when financial irregularities, embezzlement, or misappropriation are suspected within an organization:

• Employee fraud investigation
• Cash misappropriation tracing
• Procurement and vendor fraud detection
• Financial statement manipulation investigation
• Digital forensic support (working with certified digital forensic specialists)
• Court-admissible audit reports (prepared for litigation support)

All forensic work is conducted in strict confidence. Reports are prepared to evidential standards and can be presented in UAE court proceedings.

Risk Management Audit

Identify, assess, and mitigate operational, financial, and compliance risks threatening your UAE business:

• Risk register development and scoring
• Enterprise risk assessment
• Control effectiveness testing
• Business continuity review
• Regulatory risk mapping (VAT, CT, MOHRE, immigration)
• Cybersecurity risk overview

When Is an Audit Required in the UAE?

Our Audit Process

Phase 1 — Planning (Days 1–2)

We review your industry, identify audit risks, and prepare an audit plan. For recurring clients, we build on prior year knowledge.

Phase 2 — Fieldwork (Days 3–10)

On-site or remote review of financial records, supporting documents, and internal controls. We conduct vouching, sampling, and analytical procedures consistent with ISA requirements.

Phase 3 — Review & Draft Report (Days 10–12)

Our senior CA/ACCA reviewer examines all working papers and drafts the audit opinion and management letter. We communicate any issues to management before issuing the draft.

Phase 4 — Final Report (Days 12–14)

Final signed audit report delivered — ready for submission to the free zone authority, bank, or other recipient.

Standard completion: 14 working days from receipt of complete financial information.

Audit Fees

Audit fees depend on:

• Company size (turnover, number of transactions, number of accounts)
• Business complexity (multiple entities, related-party transactions, foreign operations)
• Quality of existing records
• Urgency (express turnaround available)

We provide a fixed fee quote after reviewing your trial balance — no surprises. Contact us with your latest management accounts for a quote within 24 hours.

Why Choose Our Audit Team?

• CA and ACCA certified — internationally recognized qualifications
• IFRS expertise — all opinions issued under international accounting standards
• UAE regulatory knowledge — deep familiarity with DED, free zone, and FTA requirements
• Management letter value — we don't just audit; we identify control weaknesses and practical improvement steps
• Litigation-ready reporting — forensic audit reports prepared to court-admissible standards
• Fixed fees — agreed upfront, no scope creep billing

Frequently Asked Questions

Does a Dubai mainland company need an annual audit? Mainland companies are not universally required to audit, but many activity categories and all companies seeking bank financing or government contracts need audited accounts. Free zones uniformly require annual audited accounts for license renewal.

Can you audit accounts prepared by another accountant? Yes — we audit accounts regardless of who prepared them. If we identify material errors during audit, we will discuss corrections with you before issuing the opinion.

How long do you need to complete an audit? Standard: 14 working days from receipt of complete financial records. Express: 5–7 working days (additional fee). We can also audit over multiple phases if records need preparation work first.

Are your audit reports accepted by all UAE free zones? Yes — our audit reports are prepared in standard ISA format and are accepted by all major UAE free zones including DMCC, JAFZA, DAFZA, IFZA, Meydan, and others.

What is a management letter? A management letter accompanies the audit report and contains our findings on internal control weaknesses and recommendations for improvement. It is addressed to management (not published) and is one of the most valuable outputs of a well-conducted audit.

Office 225, Oud Metha Offices, Dubai Healthcare City +971 50 380 7565 | support@hashmibusinessconsultant.com