Financial Audit Services
Financial Audit Services in Dubai & UAE
Independent Financial Audits That Give You Clarity, Compliance and Confidence
A financial audit should do more than produce an annual report.
A properly conducted audit helps business owners, shareholders and management understand whether the company's financial statements accurately reflect its financial position, while identifying accounting issues that may affect compliance, banking, taxation or future business decisions.
At Ahmad Al Araidi Auditing of Accounts, we provide professional financial audit services for businesses across Dubai and the UAE.
We work with mainland companies, free zone companies, SMEs, trading businesses, professional firms and established corporations that require reliable financial statements and independent audit support.
Whether your audit is required for a licensing authority, shareholder, bank, investor, business transaction or internal governance purpose, our team helps you prepare the records, resolve accounting issues and complete the audit efficiently.
When Does Your Business Need an Audit?
Businesses approach us for many different reasons.
You may require an audit because:
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Your free zone or licensing authority requires audited financial statements
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A bank has requested an audited financial report
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Shareholders or investors require independent financial information
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Management wants greater confidence in the company's accounts
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Your company is preparing for Corporate Tax compliance
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You are applying for financing or renewing banking facilities
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You are selling, restructuring or closing a business
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Your accounting records have not previously been independently reviewed
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There are differences between accounting records, bank balances or supporting documents
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You need reliable financial statements for a commercial or regulatory purpose
Not every company has the same audit requirement. Our team can first review your situation and advise what type of financial reporting or audit support is appropriate.
Our Financial Audit Services
Annual Financial Statement Audit
Independent review of the company's financial statements and supporting accounting records.
Our work may include examination of:
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Revenue and sales
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Purchases and expenses
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Bank balances and reconciliations
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Accounts receivable
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Accounts payable
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Fixed assets
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Inventory
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Loans and liabilities
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Shareholder balances
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Related-party transactions
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Payroll
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Supporting invoices and documents
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Year-end accounting adjustments
Free Zone Audit Services
Many UAE free zones require companies to maintain proper financial records and, depending on their circumstances and the requirements of the relevant authority, submit audited financial statements.
We assist free zone businesses with:
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Audit preparation
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Financial statement preparation
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Review of bookkeeping records
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Reconciliation of balances
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Supporting documentation
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Audit adjustments
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Final audited financial statements
If your accounts are incomplete, we can also help organize or reconstruct the accounting records before the audit begins.
Audit for Bank Requirements
Banks may request audited financial statements when reviewing financing, credit facilities, account relationships or other commercial requirements.
We help companies prepare clear and properly supported financial information for these purposes.
Audit Preparation & Accounting Cleanup
One of the most common causes of audit delays is poor bookkeeping.
Typical issues include:
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Unreconciled bank accounts
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Missing invoices
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Incorrect opening balances
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Unsupported expenses
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Old receivable or payable balances
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Incorrect VAT treatment
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Shareholder transactions recorded incorrectly
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Differences between accounting software and supporting records
Our accounting team can identify these issues and assist in correcting the records before completion of the audit.
More Than an Audit Report
A good audit process can reveal problems that may otherwise remain unnoticed.
These can include:
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Incorrect accounting treatment
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Old unreconciled balances
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Weak documentation
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Errors in receivables and payables
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Unrecorded liabilities
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Unusual transactions
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Poor accounting controls
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Inconsistencies affecting tax calculations
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Financial reporting weaknesses
Our objective is not simply to request documents.
We aim to help management understand the financial records and resolve material accounting issues before they become larger problems.
Why Work With Al Araidi Auditing?
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UAE-Focused Experience
Our work is focused on businesses operating in the UAE and the accounting, audit, tax and compliance challenges they face.
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Audit and Accounting Under One Roof
If your records require correction before they can be audited, our accounting team can assist rather than leaving you to resolve the problems alone.
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Practical Communication
We explain accounting issues clearly and focus on what management needs to provide or correct.
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Integrated Compliance Support
Where required, we can coordinate audit work with bookkeeping, VAT and Corporate Tax requirements.
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Support for Growing Businesses
We work with businesses at different stages, from companies completing their first audit to established organizations requiring annual financial reporting.
Our Financial Audit Process
1. Initial Review
We understand your business, financial year, purpose of the audit and condition of the accounting records.
2. Document Request
We provide a structured list of the financial records and supporting documents required.
3. Financial Review
Our team reviews the accounting records, financial statements, reconciliations and supporting documentation.
4. Queries & Adjustments
Any missing documents, unusual balances or accounting issues are discussed with management.
Where necessary, proposed accounting adjustments are identified.
5. Financial Statements & Audit Completion
Once the records and supporting information are complete, the audit is finalized and the relevant financial statements and audit report are prepared.
Documents Commonly Required for an Audit
Depending on the business, we may request:
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Trial balance
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General ledger
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Bank statements
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Bank reconciliations
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Sales invoices
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Purchase invoices
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Customer and supplier ageing
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Fixed asset register
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Inventory records
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Payroll information
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Loan agreements
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Tenancy agreements
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Shareholder information
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Related-party transaction details
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VAT returns
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Corporate Tax information
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Previous audited financial statements
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Trade licence and company incorporation documents
Do not worry if your records are incomplete.
We can first assess what is available and identify what needs to be corrected or reconstructed.
Frequently Asked Questions
Is a financial audit mandatory for every UAE company?
Audit requirements vary depending on the company's legal structure, licensing authority, free zone, regulatory obligations and other circumstances. We can review your company details and advise what may be required.
How long does an audit take?
The timeframe depends mainly on the size of the company, complexity of transactions and quality of the accounting records. Well-maintained records generally allow the audit to progress much faster.
Can you audit a company if the bookkeeping is incomplete?
The accounting records normally need to be completed or corrected first. Our accounting team can assist with backlog accounting, reconciliations and financial statement preparation before the audit is finalized.
Can you prepare the financial statements?
Depending on the engagement and circumstances, we can assist with financial statement preparation and identify the information required for completion of the audit process.
Do you provide audits for free zone companies?
Yes. We work with UAE free zone businesses requiring financial audit and related accounting support, subject to the requirements applicable to the relevant authority and engagement.
My bank requested audited financial statements. Can you help?
Yes. Send us the bank's request and your latest accounting records and we can review what is required.
Need an Audit?
If your company requires an audit, financial statements or help preparing incomplete accounts for audit, speak with our team before the deadline becomes urgent.
Tell us:
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Your company name
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Mainland or free zone
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Financial year to be audited
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Purpose of the audit
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Accounting software used
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Whether the bookkeeping is complete
We will review your situation and advise you on the next steps.
Request a Financial Audit Consultation
Ahmad Al Araidi Auditing of Accounts
Dubai, UAE
Clear records. Reliable financial reporting. Practical audit support.