ICV Audit Services

As a professional In-Country Value (ICV) Audit Firm in Dubai, we provide In-Country Value (ICV) Audit Services to businesses within the UAE and help them comply with the ICV program requirements as taught by ADNOC and achieve the ICV Certification process with maximized efficiency. We can analyze the financial documents of your company, procurement expenses, and staff information as certified auditors and establish your ICV score as a key indicator determining interest in receiving a tender and remaining a participant in government contracts.

What Is an ICV Audit?

ICV Audit is a formal audit procedure, which aims at assessing the level of value in addition to the business will make to the economy of the UAE. Some of the measures used in the audit include local procurement, Emiratization, investments in local assets and third-party spending that remain in the country.

The In-Country Value (ICV) program, which was introduced by ADNOC in 2018, promotes the localization of supply chains and the employment of the UAE nationals. An audit that is successfully passed results in a business being awarded an ICV Certificate, a measure of the economic contribution of the business, and a decisive factor in winning government contracts.

ICV Audit in UAE is widely used not only in ADNOC, but also in federal and local institutions, which are focused on the promotion of local content and sustainability in business activities.

Objectives of the ICV Program

The ADNOC ICV program focuses around three core objectives:

Emiratization – Encouraging UAE national jobs in the private sector.

GDP Diversification – Encouraging UAE local sourcing of goods and services to stimulate non-oil sectors.

Strategic Localization – Locating key components of the supply chain within the UAE for economic security.

To the companies, the In-Country Value Audit is not only a compliance process, but it is also a way to show their goodwill to the local development and compete better in the tendering process.

Why ICV Audit Is Important for Companies in the UAE

Businesses participating in ADNOC tenders or undertaking government contracts must possess a valid ICV Certificate. 

An ICV Audit UAE ensure your company’s expenditure is accurately presented, allowing you:

• Avoid bid assessment disqualification.

• Highlight your company’s contribution to the UAE economy.

• Improve your ICV score with precise recommendations.

• Comply with the ADNOC ICV Audit and other government schemes locally.

A high ICV score improves not only your tender ranking but also your company’s standing as a business championing national goal.

ICV Audit Procedure in the UAE

The process of the ICV Audit is standard based in line with the ADNOC guidelines and exclusively by certified certifying agencies. The procedures cover. The procedures cover:

Data Collection and Scope Determination

The auditor reviews your company’s audited financial statements (not old than two years), procurement, employee information, and investment information.

Document Verification and Review

The information is compared to ADNOC’s ICV calculation template for comparison purposes and to ascertain the percentage spent in the UAE.

ICV Score Calculation

ICV Compliance Audit quantifies contributions made via local procurements, Emiratisation, and asset investments.

Preparation of Audit Report

The report is drafted with observations that capture ICV performance and areas requiring improvement.

Issuance of ICV Certificate

Firms are provided with their ICV Certification UAE on approval, remaining valid for 14 months from the date of the most recent audited financial statement.

For new organizations with no audited accounts, management accounts no older than 10 months can be used to calculate ICV.

The ICV audit process follows a structured approach to verify a company’s compliance with the UAE’s In-Country Value Program. It ensures that businesses accurately reflect their local economic contribution.

ICV Certificate in the UAE

ICV Certificate: this is official recognition that your firm satisfies the local value contribution requirements of ADNOC. It is a compulsory provision to suppliers of ADNOC and is currently common in other government procurement platforms.

To obtain certification, companies must undergo the ICV Audit by an approved certifying body with ADNOC. The ICV Certification UAE procedure verifies:

• Local expenditure in UAE-based supplies and services.
• Employment and training of Emirati professionals.
• Investment in UAE-based manufacturing, plant, and assets.
• Technology transfer and knowledge development.

Companies with high ICV are more likely to win contracts from ADNOC and its subsidiaries, hence the certification is a competitive instrument of utmost value.

Benefits of ICV Audit Services

Engagement with certified ICV auditors in the UAE ensures accuracy, transparency, and government regulation compliance. At Audit Firms in Dubai, our In-Country Value Audit Services provide:

• Comprehensive assessment aligned with ADNOC’s standards.
• Assistance in compiling and validating all supporting documentation.
• Identification of areas for score enhancement.
• Professional guidance on compliance improvements and renewals.
• Reliable audit reports for submission to ADNOC and other entities.

Why Choose Our ICV Audit Services

• Certified ADNOC-approved ICV auditors.
• Clear methodology and accurate scoring.
• ICV development and compliance sustainability advice.
• Documentation and renewal audit support committed to you
• Time-tested record of helping businesses achieve high ICV scores.

Our ICV Audit UAE solutions combine regulatory expertise with in-depth familiarity with operating realities to help businesses achieve both compliance assurance and strategic advantages.

Schedule an ICV Audit Consultation

 ICV Audit serves as a strategic framework for companies aiming to enhance their contribution to the UAE’s economy. Partnering with the right audit firm enables organizations to transform compliance into a tangible business advantage. At Audit Firms Dubai, we ensure that every stage of your In-Country Value (ICV) Audit is executed with accuracy, professionalism, and full compliance with ADNOC’s requirements. Whether you are pursuing ICV certification for the first time or seeking renewal of an existing certification, our UAE-based ICV audit specialists provide comprehensive support to help your organization remain compliant, competitive, and well-positioned for future opportunities.