Who can perform a Statutory Audit?
Your Trusted Partner in Financial Accuracy and Compliance
At FTA Accounting, we deliver precise statutory audit services to ensure your financial records meet UAE’s legal and regulatory standards. Our experienced auditors help safeguard the financial health of your business while building trust with stakeholders.
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Statutory Audit Requirements
What are the Statutory Audit Requirements?
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.
Bank Statements and Financial Receipts
Details of Fixed Assets
Information on Credits and Advances
Trade Payables and Receivables
Stock Details
Documents related to Dues and Duties
Management and Selling Costs
Bank Statements and Financial Receipts
Details of Fixed Assets
Information on Credits and Advances
Trade Payables and Receivables
Stock Details
Documents related to Dues and Duties
Management and Selling Costs
Having these documents ready will streamline the process, saving time and ensuring accurate audits.
Why Choose Us
Advantages of Statutory Audit Services in UAE
Statutory audits in the UAE ensure compliance, transparency, and enhanced credibility. They help manage financial risks, improve internal controls, and build investor trust.
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Authentic Business Records
Audits ensure financial reports are accurate, enhancing your business’s credibility with investors and stakeholders.
Increased Productivity
By identifying areas for improvement, audits drive efficiency and support long-term growth.
Improves Efficacy of Management
Audits provide insights into business activities, optimizing internal management systems.
Less Business Fraud
Audits help minimize fraud, boosting investor and government confidence in the organization.
Avail best quality Auditing and Accounting services from JAXA
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.
Experience top-tier Auditing and Accounting services with FTA
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.
Why Futureus Tax And Accounting services?
Your Trusted Financial Consultancy Partner in Dubai
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.
FTA Auditors have only the best auditors on board.
Our auditing experience is crucial in the Finance sector.
Our rates are affordable and reasonable, even for small businesses.
We have many existing clients based in and around UAE
Comprehensive Audit Process
Steps to Financial Accuracy
Understand the Operating Environment
Auditor checks if the Auditing guidelines are being followed.
Understand Controls
and Procedures
The past audit reports are evaluated.
Test Account balance
and Details
All the Account, Bank and Insurance balances are checked to ensure the report is error-free.
FAQs
Which Type of Audit is a Statutory Audit?
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.
What are the Statutory Differences Audit and a non-Statutory Audit?
A statutory Audit is governed by law or a regulatory body, a non-statutory audit is not required by law and is done voluntarily.
What is the Difference Between Statutory Audit and Tax Audit?
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.
What is the Purpose of a Statutory Audit?
All companies in the UAE, irrespective of their nature of business and sales, should assign Statutory Auditors.
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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