Yes, for most companies, an audit is mandatory by law or the requirements of the free zone. Schedule a free consultation — we will advise whether your company is required to undergo an audit.

Choosing an accredited auditor ensures the recognition of the audit report by banks and regulatory authorities, as well as guarantees compliance with standards and legislation. We collaborate only with accredited and verified auditors.

Fines: from 10,000 AED in Mainland for the absence of an audit, and from 2,000 AED in some free zones for late submission. Additionally, there may be refusal to renew and license suspension. During a free consultation, we will provide a clear answer based on your jurisdiction and business specifics.

Yes, according to Federal Law No. 32 of 2021, all companies are required to maintain accounting records and keep them for a minimum of 5 years.

Yes, if the revenue exceeds 50 million AED per year or if the company has the status of a Qualified Free Zone Person.

Yes, a zero audit report must be prepared, even if the company had no activity. Make Fortune will help you handle everything properly — during a free consultation, we will explain why this is important and the potential consequences of failing to submit it.

Yes, at the liquidation stage, the final financial statements, confirmed by an audit, must be submitted to ensure the correct reflection of all assets, liabilities, and the fulfillment of all financial obligations.

Trade license, MOA/AOA, VAT certificate, EmaraTax registration, copies of shareholders' passports and Emirates IDs, lease agreements, employment contracts (Free Zone/MOHRE), freelance agreements, payroll/WPS reports, End of Service and vacation calculations, employee list, trial balance, balance sheet, profit & loss statement, breakdown of administrative and general expenses with supporting documents, fixed asset schedule with depreciation, loan agreements, bank confirmations (for loans or vehicles), corporate tax calculations (signed by a consultant), reflection of tax liabilities in accounting, bank statements for the entire year, sales book with a sample of 20% of invoices, purchase book with a sample of 20% of invoices, information on related party transactions (nature, amount, disclosure), VAT returns or a letter confirming no obligation, corporate tax return (if applicable), supporting documents for deductible expenses, client and supplier contracts (if available), previous audit report (if available), declaration of inactivity (if applicable), liquidation documents (if applicable).

Yes, banks in the UAE often request an audit report when opening a corporate account, applying for a loan or overdraft, confirming the company's financial stability, and during the annual KYC update. Each bank has a list of certified auditors.