UAE public sector companies must have a statutory audit performed regularly to ensure compliance with Government regulations. Every government organization must have its accounts audited in the UAE by a designated statutory auditor. The UAE is also known as the Investment Gateway to Northern Africa and the Middle East. The UAE is home to many … Continued
The statutory audit is an independent review of financial statements for a company or institution. The auditor’s responsibility is to determine if financial statements are true and fair and in compliance with all applicable laws and guidelines. This helps companies plan for the future and protects them from potential risks. Auditors must identify and report … Continued
Conducting an annual statutory audit is mandatory for companies in the UAE. Mainland and Free Zone companies are obliged to submit their audited financials to renew the yearly trade license. It is legally essential for the audit to be conducted by an approved and licensed audit firm in Dubai. Audit firms in Dubai have extensive … Continued