A financial audit is the cornerstone of corporate credibility in the UAE. Whether your business operates on the mainland under a DED licence or within one of the UAE's more than forty free zones, from JAFZA and DMCC to IFZA and Meydan, the requirement for independently audited financial statements is both a legal obligation and a commercial necessity. Under UAE Commercial Companies Law (Federal Law No. 32 of 2021) and the governing regulations of most free zones, companies are required to maintain audited accounts annually.
CashLaw Global conducts financial audits in accordance with International Standards on Auditing (ISA), with a senior chartered accountant leading every engagement from planning through to sign-off. Our audit methodology covers the full spectrum of financial statement assertions, completeness, accuracy, existence, valuation and rights, across all balance sheet and income statement line items. We work across all UAE free zones and mainland entities, in industries ranging from logistics and trading to healthcare, F&B and technology. Our turnaround times are structured around your licence renewal and banking deadlines, not around our own convenience.
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Book Free ConsultationWhile both require compliance with International Financial Reporting Standards (IFRS), Mainland companies submit audits to the Ministry of Economy or DED during license renewal if requested, whereas specific Free Zones (like DMCC, JAFZA, and DAFZA) make the annual submission of an audited financial statement a strict, mandatory prerequisite to maintain or renew the commercial license.
If the branches are part of the same legal entity (civil company or sole proprietorship/LLC branch), their financial positions are consolidated into a single set of audited financial statements. However, separate legal entities or standalone subsidiaries across different Emirates must undergo individual statutory audits.
Under UAE Corporate Tax law, certain categories of taxable persons (including all Qualifying Free Zone Persons and entities with revenue exceeding AED 50 million) are legally required to prepare and maintain audited financial statements to validate their taxable income computations.