The independent opinion your bank, free zone and investors require.
A Statutory 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, independently audited financial statements are both a legal obligation and a commercial necessity.
Compliance is rarely the only reason an audit is commissioned. Banks require audited statements before extending or renewing facilities. Investors and acquirers require them before committing capital. Free zone authorities require them before renewing a licence. The same engagement, properly conducted, satisfies all three.
CashLaw Global conducts audits in accordance with International Standards on Auditing (ISA), with a senior chartered accountant leading every engagement from planning through to sign-off. Our 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 manage the full audit cycle, from pre-engagement planning and risk assessment through fieldwork, management representation and final sign-off, with a single senior professional accountable for your engagement throughout. Rigorous documentation standards mean that every opinion we issue is defensible, accurate and accepted by UAE authorities.
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.
Book a free consultation with our team and get expert guidance on statutory audit in the UAE.
Book Free ConsultationAccording to UAE Federal Decree-Law No. (32) of 2021 on Commercial Companies, all LLCs must appoint one or more auditors to conduct an annual audit of their accounts. This remains a strict statutory obligation, regardless of whether a regulatory authority actively requests the report during the year.
Delayed filings can result in administrative fines from licensing authorities (such as the DED or specific Free Zone Registrars), suspension of commercial license modifications, difficulties in corporate bank account maintenance, and potential red flags during FTA tax inspections.
All statutory audits in the UAE must be prepared in accordance with International Financial Reporting Standards (IFRS) and conducted by an auditor registered with the UAE Ministry of Economy.
While 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.