Audit & Assurance Services
External (Statutory audit)
A statutory audit is a legally required review of the accuracy of a company’s financial statements and records. The purpose of the statutory audit is to ensure the fairness and credibility of accounting records. It assures the management that their duties as per the applicable statute is performed perfectly. Statutory audit improves the reliability of the published financial statement.
Gpaduae is one of the leading Audit firms in Dubai / Abu Dhabi / Sharjah / Ras Al Khaimah /Ajman in UAE & across Middle East.
Our firm is well equipped and well experienced in Statutory Audit and we perform it
By combining the use of human intellect and technology, our objective is to provide the management with business insights in a concise manner so as to better manage their key performance indicators and add value to the businesses.
Although, having your annual financial statements statutorily audited as per IFRS in UAE may not be mandatory, Federal Law No (2) of 2015 on Commercial Companies in the UAE and some of the Free Zones in UAE require Companies to have their accounts audited as per IFRSs. Furthermore, with the everchanging global regulatory landscape and the introduction of VAT in UAE effective from 1 January 2018, we strongly advice our clients to have their books of accounts audited as per IFRS.
Having statutory audit in UAE is also mandated at times by various government authorities/regulators as given below:
- Securities & Commodities Authority-For U.A.E. Listed Companies.
- The Central Bank of UAE (CB UAE)-For Money Exchange Business, Insurance Companies, Insurance Broker
- Dubai Tourism- For Hotel Establishments in Dubai
- Real Estate Regulatory Authority- For Owners Associations in Dubai