Approved Statutory Audit Services in the UAE
Protect your business reputation, ensure 100% regulatory compliance, and fulfill Federal Tax Authority (FTA) obligations. Partner with Ministry of Economy licensed external auditors for precise, independent, and timely annual statutory audit reporting.
Major Free Zones and Main lands of UAE
What is Statutory Audit and Why Is It Mandatory in the UAE?
A statutory audit is an independent, legally mandated examination of an entity’s financial statements, books of accounts, and internal records. The primary objective is to evaluate whether the financial disclosures reflect a true and fair view of the organization’s financial position in strict compliance with International Financial Reporting Standards (IFRS).
Under the UAE Commercial Companies Law (Federal Decree-Law No. 32 of 2021), conducting an annual statutory audit is mandatory for all Mainland Limited Liability Companies (LLCs) and Public Joint Stock Companies (PJSCs). Furthermore, major free zone authorities—including DMCC, JAFZA, DAFZA, and DIFC—require mandatory submission of audited financial statements as part of annual trade license renewals and corporate governance.
Core Objectives of an Annual Statutory Audit:
- Verification of Financial Disclosures: Verifying balance sheets, profit & loss statements, cash flow statements, and equity disclosures against IFRS criteria.
- Regulatory & Tax Compliance: Ensuring full alignment with UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022) and VAT regulations (Federal Decree-Law No. 8 of 2017).
UAE Statutory Audit Requirements Overview
Our due diligence framework is built to give you a complete and accurate understanding of a company’s financial and operational health.
| Jurisdiction / Legal Form | Statutory Audit Requirement | Governance Mandate |
|---|---|---|
| Mainland LLCs & PJSCs | Mandatory Every Financial Year |
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| Major Free Zone Entities (DMCC, JAFZA, DAFZA, etc.) | Mandatory For License Renewal |
|
| Qualifying Free Zone Persons (QFZP) | Mandatory To retain 0% Corporate Tax rate |
|
| Entities with Revenue > AED 50M | Mandatory For Corporate Tax Filings |
|
Comprehensive Statutory Audit Services in the UAE
- Financial Statement Auditing: Independent verification of balance sheets, income statements, and cash flows mapped against IFRS standards.
- FTA & Corporate Tax Alignment:Auditing financial books to support corporate tax returns, verifying the AED 50M threshold requirements, and protecting Qualifying Free Zone Status.
- Internal Control Assessments: Reviewing accounting controls, risk frameworks, and fraud prevention measures to safeguard shareholder equity.
- Free Zone Compliance Reporting:Generating signed audit reports formatted specifically to meet the submission guidelines of DMCC, JAFZA, DAFZA, IFZA, and other UAE free zone authorities.
Tailored Statutory Audit Solutions across UAE Industries
| Sector | Industry Focus | Specific Audit Verification Criteria |
|---|---|---|
| General Trading & Distribution | Wholesale, Import/Export |
|
| Financial & Professional Services | Consultancies, Tech, Holding Co. |
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| Real Estate & Construction | Contracting, Developers |
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| Retail & E-Commerce | FMCG, Online Retailers |
|
Our Due Diligence Services in Dubai, UAE
Our due diligence framework is built to give you a complete and accurate understanding of a company’s financial and operational health.
Comprehensive Due Diligence Solutions Tailored for Businesses in Dubai & the UAE
Tax & Compliance Due Diligence
We assess the company’s compliance with UAE tax laws, including Corporate Tax and VAT regulations, to highlight any potential tax risks or obligations.
- Review of tax filings and records
- Identify potential non-compliance risks
- Ensure alignment with UAE Federal Tax Authority (FTA) requirements
Operational & Commercial Due Diligence
We examine the company’s internal processes, supply chain, technology systems, and operational structure to assess long-term sustainability.
- Review of management capabilities and employee structures
- Analysis of key vendors, clients, and contracts
- Assessment of market competitiveness and scalability
Legal & Regulatory Due Diligence
We coordinate with legal professionals to verify ownership structures, corporate documentation, and regulatory compliance.
- Review of contracts, licenses, and corporate registrations
- Identification of pending litigations or disputes
- Confirmation of shareholder agreements and intellectual property ownership
M&A and Investment Support
For investors and acquirers, we provide deal-specific advisory support — from valuation validation to post-merger integration planning.
Each engagement is handled with independence, confidentiality, and precision, ensuring your decision is based on facts, not assumptions.
Financial Due Diligence
We perform a detailed review of financial statements, revenue streams, liabilities, and cash flow to ensure accuracy and transparency.
- Evaluate profitability, debt levels, and working capital
- Identify overstated assets or hidden liabilities
- Analyze historical and projected financial performance
Our 4-Stage Independent Audit Process
Planning & Risk Assessment:
Establishing materiality thresholds, identifying key risk areas, and reviewing your chart of accounts.
Internal Control & Substantive Testing:
Evaluating control environments, sampling transactions, verifying bank balances, and inspecting vendor/customer ledgers.
Verification & Reconciliation:
Confirming asset valuations, VAT filings, and corporate tax schedules in alignment with IFRS.
Final Audit Report Issuance:
Delivering independent audit opinions and issuing final reports signed by licensed Ministry of Economy auditors.
Why Secure Approved
Annual Statutory Audit Services?
- Uninterrupted License Renewals: Fulfill mandatory free zone and mainland trade license renewal obligations without administrative friction or license suspensions.
- Avoid Penalties & Fines:Stay fully compliant with Federal Tax Authority mandates, mitigating non-compliance fines and corporate tax audit adjustments.
- Elevated Credibility for Financing:Present verified, transparent financial records to top UAE banks, financial institutions, and potential investors.
- Optimized Internal Financial Health: Identify operational inefficiencies, control breakdowns, and reporting gaps before they impact profit margins.
Who We Serve
We work across industries such as real estate, healthcare, logistics, retail, technology, and finance, adapting our methodology to each client’s unique transaction and risk profile. Our due diligence services are trusted by a wide range of clients, including
Private Investors & Venture Capital Firms
Merging or Acquiring Companies
Corporate Legal Teams & Financial Institutions
Multinational Subsidiaries in the UAE
Funding
Make Informed Business Decisions with Daxin Global UAE
Before you finalize your next deal, ensure every aspect of the business has been independently verified by professionals who understand the UAE market inside out. At Daxin Global UAE, we bring together expertise, precision, and confidentiality to help you invest wisely and minimize risks.
Email Us
info@daxin-global.ae
Addres
Office 1801, DAMAC XL Tower, Marasi Drive, Business Bay, Dubai, UAE
Call us
+971 52 764 6955
FAQ's:
A statutory audit is an independent review of a company’s financial records required by law to ensure that financial statements are accurate, free from material misstatements, and prepared in accordance with IFRS standards.
All UAE mainland companies governed by Commercial Companies Law, entities operating in free zones that mandate audit submissions for license renewal, and corporate entities with revenues exceeding AED 50 million or holding Qualifying Free Zone Person status must perform annual statutory audits.
Key documents include trial balances, general ledgers, sales and purchase invoices, bank confirmation letters, lease contracts, trade license copies, shareholder registers, and historical VAT/Corporate Tax filings.
No. Only audit firms explicitly registered and licensed by the UAE Ministry of Economy and accredited by relevant Free Zone Authorities are legally qualified to issue statutory audit reports.