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F A Q
What Is Included in Your Audit Support Service?
Our audit support service covers all communication with auditors, collection and verification of required documents, responses to auditor requests, and coordination in obtaining any missing information. We also explain the auditor's requirements to the client and help prepare the necessary materials promptly. Our goal is to save the client's time, minimize their involvement in the process, and ensure a hassle-free experience through to the issuance of the audit report.
How Does Audit Support Differ from Conducting an Audit?
Audit support is assistance in organizing and navigating the audit process — collecting and preparing the required documents, communicating with auditors, responding to their requests, and coordinating any missing information. The audit itself is an independent examination of financial statements carried out by a licensed auditor, resulting in an audit report.
Is an Audit Mandatory for Companies in the UAE?
In most cases, yes, though requirements depend on the company's legal form and the applicable regulations. LLCs and joint-stock companies are required to conduct an annual audit under the UAE Federal Commercial Companies Law. For companies registered in Free Zones, the audit requirement and the procedure for submitting audited financial statements are determined by the rules of the relevant Free Zone Authority.
What Documents Need to Be Prepared for an Audit?
Typically, the following documents are required: Financial statements for the period under review Trial Balance and General Ledger Bank statements and bank confirmations Invoices and supporting documents for material transactions Contracts with key counterparties and standard contract templates VAT and Corporate Tax returns (where applicable) Company incorporation documents, including all amendments Trade license Identification documents for shareholders, directors, and managers (Passport / Emirates ID), and registration documents for corporate shareholders Office lease agreement Fixed asset and intangible asset registers Accounts Receivable / Accounts Payable Aging Reports Payroll, leave, and End of Service Benefits calculations Lease payment calculations and related IFRS 16 documentation (where applicable) Corporate Tax return Related party and intercompany transaction documents (where applicable) Any additional documents requested by the auditors
Can You Help Collect and Prepare All the Required Documents?
Yes. Our team helps collect and organize the documents required for the audit, and advises on the format and manner in which they should be presented to the auditor. We can identify which reports need to be extracted from your accounting system (such as Zoho Books or 1C) to meet the auditor's requirements and address queries without unnecessary back-and-forth. The company provides the source documents and information, while we manage and support their preparation and delivery to the auditor.
Will You Liaise with the Auditors on Behalf of Our Company?
Yes. As part of our audit support service, we communicate with auditors on the company's behalf — coordinating their requests, submitting the necessary documents, providing explanations, and helping resolve queries promptly. This allows the client to minimize their involvement in correspondence and significantly simplifies the audit process.
How Long Does Audit Preparation Take?
Audit preparation typically takes anywhere from one week to several months, depending on the volume of transactions, the state of the company's accounting records, the completeness of documentation, and how quickly the client provides the required information.
How Much Does Audit Support Cost?
Audit support starts from AED 4,500 and depends on the company's activities, transaction volume, and revenue for the reporting period.
What Should I Do if There Are Errors or Inaccuracies in the Accounting Records?
If errors or inaccuracies are identified during the audit, please notify us promptly. Corrections to the financial statements can still be made before the audit report is issued. One correction is included in the cost of the audit support service. Any additional corrections or adjustments are charged separately — on average AED 525 per adjustment to the full set of financial statements.
Can You Help Address the Auditor's Findings?
Yes. We help clients understand the auditor's comments, explain what documents or clarifications are needed, and coordinate their submission to the auditor. Where necessary, we also help determine the next steps and possible ways to resolve the findings.
What Happens if a Company Fails an Audit?
An audit doesn't have a "pass" or "fail" outcome. However, if a company fails to provide the required documents or explanations, this may limit the scope of the audit. Depending on the materiality and impact on the financial statements, the auditor may issue a qualified opinion.
Can You Help Prepare Financial Statements Before the Audit?
Yes. We can prepare the financial statements and the necessary supporting schedules based on the company's accounting records and source data provided. We also help identify which documents and clarifications the auditor may require, and prepare them in advance of the audit.
