A statutory audit is an independent review of a company’s financial records to ensure they are accurate and comply with laws. Under the UAE Commercial Companies Law, businesses must appoint licensed auditors, registered with the Ministry of Economy, to assess their financial statements.
Having these documents ready will streamline the process, saving time and ensuring accurate audits.
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Audits ensure financial reports are accurate, enhancing your business’s credibility with investors and stakeholders.
By identifying areas for improvement, audits drive efficiency and support long-term growth.
Audits provide insights into business activities, optimizing internal management systems.
Audits help minimize fraud, boosting investor and government confidence in the organization.
The expert will help to tackle business issues by following proper Accounting and Auditing guidelines will also assist you to scale up your business. JAXA also provides various other services such as Tax Services, Payroll Services, Cash flow forecasting and many more.
Our experts address business challenges by adhering to robust Accounting and Auditing standards, helping your company grow efficiently. FTA also offers a range of additional services, including Tax Consulting, Payroll Management, Cash Flow Forecasting, and more.
FTA is a Dubai-based financial consultancy offering services like auditing, accounting, VAT, tax consulting, software consultancy, and management. We provide top-notch statutory audit services in the UAE, using advanced tools to ensure compliance and deliver tailored solutions for your business needs.
Auditor checks if the Auditing guidelines are being followed.
The past audit reports are evaluated.
All the Account, Bank and Insurance balances are checked to ensure the report is error-free.
A statutory audit is a part of the external audit. However, a practicing Chartered Accountant performs it without a relationship with the company being audited.
A statutory Audit is governed by law or a regulatory body, a non-statutory audit is not required by law and is done voluntarily.
A statutory Audit is made by order of the law; a tax audit is a conditional audit under the regulations of the Income Tax Act.
All companies in the UAE, irrespective of their nature of business and sales, should assign Statutory Auditors.
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