- +971 502801315
- +971 502801315
- info@truescaleauditing.ae
- Blog
- Book a free consultation
If you’re a business owner in Dubai or the UAE, understanding the importance of a statutory audit is essential for staying compliant and credible. Whether you’re in a free zone or mainland, our statutory audit services in Dubai ensure your business meets all UAE legal requirements.
Looking for top-tier statutory auditors in Dubai who go beyond compliance to enhance stakeholder trust and financial transparency? Capital Plus Auditing of Accounts is your trusted partner for audit excellence, with 10,000+ successful audits conducted across UAE businesses.
Our experienced statutory auditors ensure accurate financial reporting, in-depth risk assessments, and a transparent audit process that aligns with UAE regulations. We help safeguard your business from regulatory risks while strengthening investor confidence through verified financial statements that reflect your true financial position. Partner with Capital Plus today for audit precision, compliance assurance, and business growth
A statutory audit is a legally required review of a company’s financial records by an independent auditor to ensure compliance with UAE laws and IFRS standards. Governed by the UAE Commercial Companies Law (Federal Law No. 32 of 2021), it is essential for public companies, financial institutions, and free zone businesses. The audit process verifies financial statements, enhances transparency, detects fraud, and strengthens investor confidence, ensuring businesses meet regulatory requirements.
We conduct independent audits to verify balance sheets, income statements, and cash flow statements, ensuring compliance with International Financial Reporting Standards (IFRS). Our audits help detect financial misstatements, errors, and fraud indicators, maintaining accuracy in financial reporting.
We ensure businesses adhere to UAE Federal Law No. 2 of 2015, conducting mandatory audits for LLCs, public & private joint-stock companies, and branch offices. Our statutory audits verify corporate governance and financial reporting obligations to keep businesses aligned with legal standards.
Capital Plus Auditing provides statutory audits for companies operating in free zones such as DMCC, DAFZA, JAFZA, DDA, and others. We ensure businesses meet the financial compliance requirements for license renewals, regulatory submissions, and operational transparency in both mainland and free zone jurisdictions.
Capital Plus Auditing ensures businesses meet UAE legal requirements for mergers and acquisitions by conducting statutory audits. We verify company value, liabilities, and risks, providing regulatory bodies with the necessary audit reports for smooth mergers, acquisitions, or restructuring.
Our statutory audits include a corporate tax and VAT compliance check, ensuring alignment with UAE’s tax laws. We cross-check VAT filings, tax provisions, and deferred tax balances to prevent compliance risks and maintain accurate financial records.
We help businesses strengthen investor and lender confidence by ensuring financial transparency. Our audits support funding decisions, corporate governance requirements, and financial disclosure obligations, allowing companies to maintain trust with stakeholders.
We conduct comprehensive risk assessments to identify high-risk areas, financial errors, and potential fraud. Our team evaluates internal controls and recommends strategic improvements to enhance financial security and operational efficiency.
For companies undergoing liquidation or business closure, we prepare final audit reports to verify liability settlements, asset disposals, and regulatory compliance with the Dubai Economic Department (DED) and Free Zones.
Explore our full suite of financial and compliance services to support your business beyond audits.
Investigate fraud, disputes, and irregularities using detailed financial analysis.
Assess company risks, finances, and liabilities before major transactions.
Verify financial statements for accuracy, reliability, and compliance purposes.
Improve internal efficiency, reduce costs, and optimize business processes.
Navigating free zone regulations can be complex, but we make it seamless. Our audits ensure full compliance, accurate financial reporting, and smooth business operations—keeping your company regulatory-ready at all times.
In a sector where precision and compliance are non-negotiable, our audits help banks and insurance companies meet stringent financial regulations, enhance risk management, and safeguard financial stability.
Fluctuating revenues and industry-specific regulations make financial management in hospitality and tourism challenging. Our tailored audit solutions compliance, financial accuracy, and sustainable growth for your business.
Investor trust starts with financial transparency. Our audits ensure publicly traded companies meet stock exchange regulations, investor expectations, and financial reporting accuracy, reinforcing credibility in the market.
From corporate governance to regulatory compliance, we help joint stock companies streamline financial reporting, strengthen transparency, and maintain stakeholder confidence in every transaction.
The highly regulated oil and gas industry requires specialized financial oversight. Our expert auditors handle complex audits, risk assessments, and compliance checks, ensuring operational transparency and financial integrity.
In highly regulated markets like the UAE, businesses must comply with tax laws and corporate regulations. Our audits have helped companies avoid hefty fines by ensuring full compliance with financial laws.
An independent audit report validates your financial statements, building trust among investors, creditors, and regulatory authorities a key factor in attracting funding and growth opportunities
Fraud can silently drain business resources, but regular audits expose discrepancies before they escalate. One of our audits uncovered an internal fraud scheme, saving a client from major financial losses and legal trouble.
A deep dive into your financials can reveal inefficiencies, helping businesses cut unnecessary expenses. After an audit, we helped a client reduce overhead costs by 15% by identifying gaps in financial processes.
Investors and financial institutions often require audited financial statements before making funding decisions. A statutory audit provides the assurance they need to invest with confidence.
An audit isn’t just about looking at the past—it provides valuable insights into your company’s financial health, profitability, and areas of improvement, helping you make data-driven business decisions.
Audits often uncover inefficiencies in business operations, supply chains, and financial workflows, allowing companies to streamline processes and optimize performance.
A well-documented statutory audit report serves as a transparent communication tool, ensuring that shareholders, board members, and regulatory authorities have accurate financial insights into your business.
We begin with a client meeting to understand the business, followed by a review of past audits and gathering necessary financial documents. We then define the audit scope to focus on the key areas.
We assess risks tied to financial statements and internal controls, determine materiality, and evaluate the effectiveness of existing internal controls.
Our team develops an audit plan, allocating resources based on expertise needed and project complexity.
We conduct internal control testing, substantive testing on transactions, and ensure assets and liabilities are accurate. Compliance with tax laws and regulations is thoroughly checked.
We analyze results, discuss findings with management, and ensure all legal and regulatory compliance is met.
We draft a comprehensive report, outlining findings, recommendations, and a management letter for internal improvements.
We present the final report to management, discuss corrective actions, and file the report with relevant regulatory bodies if required.
We assist with implementing recommended changes and provide ongoing support for continued compliance and financial health.
These documents confim accuracy in your financial reporting and help auditors analyze your company’s financial health.
These records focus on daily business activities and internal operations:
Tax-related documents ensure compliance with local and federal regulations:
Selecting the right audit firm is more than a regulatory requirement; it is a strategic decision. We deliver audits that strengthen compliance, minimize financial risks, and build investor confidence with precision and expertise.
A statutory audit is typically required annually, depending on the type of business entity and its regulatory requirements. Some companies may also conduct interim audits for better financial oversight.
The duration of an audit depends on the complexity of the business, the size of financial records, and the responsiveness of the company. Generally, it can take anywhere from a few weeks to a couple of months.
While statutory audits are mandatory for public joint-stock companies, financial institutions, and certain free zone companies, other businesses may also require them based on shareholder agreements, lender requirements, or internal governance policies.
A statutory audit is a legally required financial review by an independent auditor, focusing on compliance and financial accuracy. An internal audit, on the other hand, is an internal review conducted to improve processes, risk management, and operational efficiency.
Failure to conduct a statutory audit can result in penalties, fines, business license suspension, and difficulties in obtaining financing or attracting investors.
Yes, statutory audits help identify inconsistencies, financial misstatements, and potential fraud. However, their primary goal is to ensure compliance and financial accuracy rather than serve as a forensic audit.
No, statutory audits must be conducted by an independent, licensed audit firm registered with the relevant UAE authorities. The firm should comply with UAE laws and International Financial Reporting Standards (IFRS).
Yes, many free zones in the UAE, such as DMCC, JAFZA, and DAFZA, mandate statutory audits for license renewal and regulatory compliance. The exact requirements vary by free zone authority.
+971502801315
info@truescaleauditing.ae
Office G02 Bistro Cafe Building Masfoot Ajman United Arab Emirate
