Financial audit in the UAE is a mandatory procedure for confirming the reliability of corporate reporting and a company’s compliance with the requirements of legislation and regulatory bodies. Audit is necessary to maintain business transparency, work with banks and investors, renew licences and comply with corporate taxation norms.

Who needs an annual audit

Companies registered in free economic zones, as well as organisations operating on the mainland, are required to submit audited financial reports prepared by licensed auditors annually.

When an audit report is required

• opening or maintaining corporate bank accounts,
• obtaining credit lines,
• participation in tenders and investment projects,
• confirming compliance with Corporate Tax norms and tax residency requirements.

Absence of an audit or violation of deadlines can lead to fines, restriction of operations and blocking of bank accounts.

How an audit is conducted

The audit is conducted on the basis of the company’s official financial data, bank statements and accounting reports, and concludes with the issuance of a final report — the Audit Report. It confirms the accuracy of financial information, correctness of accounting, absence of violations and the company’s readiness for tax and legal review. The procedure requires strict adherence to standards and a deep understanding of corporate and tax legislation in the UAE.

Audit support from Garant Business Consultancy

Garant Business Consultancy provides a full cycle of audit support: from document preparation and analysis of financial operations to organising the annual financial audit and issuing an official report in accordance with the requirements of licensing and tax authorities. We work with certified auditors who are accredited in leading UAE free zones (DMCC, IFZA, Meydan, RAKEZ, JAFZA and others), and ensure the correctness and timeliness of audits for companies of any scale.

Leave a request and we will prepare a proposal tailored to your deadlines, company structure and licensing zone requirements.