Audit and assurance
Who does this work. This is a regulated activity in the UAE and is carried out by a licensed partner firm there, who quote it directly. We coordinate the engagement and handle everything on the Indian side.
A statutory audit in the UAE can only be signed by an auditor registered with the Ministry of Economy and, where the entity sits in a free zone, approved by that zone. It is a licensed act. That is why this sits with the partner firm and not with us — an Indian chartered accountant cannot sign a UAE audit report, and any firm suggesting otherwise is describing something that will not be accepted.
Who needs one has widened. Mainland LLCs are required to prepare audited accounts, most free zones require them for licence renewal, and corporate tax has made properly prepared IFRS financial statements necessary for entities that previously kept informal books. Banks and lenders ask independently, usually at the least convenient moment.
The work is far easier where the books were maintained through the year. Where they were not, the audit becomes a reconstruction exercise, costs more, takes longer, and produces qualifications that a bank will read.
Talk to us
Audit — and what it means for your Indian position
Tell us what you are setting up or filing. We come back with the UAE quote from our partner firm and the Indian side from us, so you see the whole cost at once.
Or call +91 98265 84555Who this is for
Mainland companies, free zone entities facing renewal, and any business asked for audited statements by a bank, an investor or a regulator.
Scope
What the engagement covers
- Statutory audit under IFRS, signed by a UAE-registered auditor
- Free zone audit reports in the format the specific authority accepts
- Internal audit and controls review where a lender or board requires it
- Agreed-upon procedures and limited reviews for specific reporting needs
- IFRS advisory on recognition and measurement questions before year end
- Management letter setting out control weaknesses found, with practical fixes
From you
Documents needed
- Trial balance and general ledger for the year
- Bank statements and confirmations for all accounts
- Sales and purchase invoices, with supporting contracts
- Fixed asset register and supporting purchase documents
- Inventory count records where stock is held
- Payroll records, WPS files and end-of-service benefit workings
- Related-party transaction details and balances
Worth knowing first
Where this goes wrong
Free zones specify the format, not just the fact
Several zones accept reports only from auditors on their own approved list, in their own template. An audit signed by a firm the zone has not approved has to be redone before renewal.
End-of-service benefits are the usual adjustment
Gratuity accrues over the employment term and is frequently unrecorded until someone leaves. The adjustment can be material in a company that has grown, and it lands in the year the auditor catches it.
Corporate tax made the audit trail matter more
Taxable income starts from the accounting profit in IFRS statements. Weak books now produce a weak tax computation as well as a weak audit, and the FTA can look back at both.
A qualified opinion follows the file around
Banks and investors read the opinion paragraph before anything else. Qualifications arising purely from missing records are avoidable, but only by keeping the records — not by changing auditor.
Before you act on this
UAE corporate tax, free zone qualifying income and substance rules are still being clarified, and thresholds change. This explains the position in general terms and is not advice on your facts. Confirm the current rule before you act on anything here.
Usually needed alongside
Why clients stay
The boring things, done reliably.
Compliance is not glamorous work. It is deadlines met, numbers that tie, and someone picking up when you call. That is what we optimise for.
- 78
- Services, fees published
- 12
- Cities served across India
- 9 yrs
- Serving Indore & India
- 0
- Hidden charges
Priced before we start
Every service on this site carries its fee. You get a written scope and a number before any work begins, and the invoice matches it.
Two people on every filing
Nothing goes to a department on one pair of eyes. A second professional reviews the return before it is submitted.
A person, not a ticket
You get a named associate who knows your file, reachable on WhatsApp, not a queue and a different voice every call.
We watch the calendar
Once you are on our books we track your due dates and reach out before the deadline, not after the late fee.