External Audit Services
in Sharjah
We independently examine your financial statements and supporting records, report the audit findings clearly, and issue the appropriate audit report when the engagement is complete.
13+ YEARS OF UAE FINANCIAL EXPERIENCE
- Independent Review
- Financial Statements
- Sharjah, UAE
Financial Statements Under Review
Give shareholders, lenders, authorities, and management an independent report on the financial information they rely on.
Independent Audit Evidence
Audit work tests the records and explanations behind material financial statement balances rather than accepting management figures without challenge.
Clearer Reporting Position
Management receives identified audit adjustments, disclosure matters, and control observations before the final audit report is issued.
Greater External Confidence
Audited financial statements can support discussions with banks, investors, shareholders, free-zone authorities, and other stakeholders requiring independent reporting.
Better Year-End Discipline
The audit process highlights weak reconciliations, unsupported balances, and incomplete records that need attention before future reporting periods.
External Audit Work
The audit is planned around your financial year, reporting framework, material balances, and applicable authority requirements.
Engagement Acceptance Review
Confirm independence, engagement scope, reporting period, audit eligibility, and applicable reporting requirements.
Audit Planning
Plan audit procedures around business activity, significant balances, risks, locations, and financial statement materiality.
Internal Control Assessment
Assess relevant financial controls, approval processes, reconciliations, and risks affecting financial reporting.
Financial Record Testing
Test selected transactions, balances, invoices, contracts, bank activity, and supporting accounting evidence.
Balance Confirmation Procedures
Obtain or review evidence for selected bank, receivable, payable, inventory, and other material balances.
Financial Statement Review
Review financial statement presentation, disclosures, comparative figures, and reporting framework application.
Audit Adjustment Review
Discuss identified misstatements, proposed adjustments, disclosure matters, and unresolved audit differences with management.
Audit Findings Communication
Communicate significant audit findings, control observations, and matters requiring governance attention.
Independent Audit Report
Issue the audit report after completion of procedures and resolution of outstanding audit matters.
Sharjah External Audit Practice
Ahmed Mahfoudh Chartered Accountants & Auditors brings more than 13 years of UAE financial experience to external audit engagements. I begin by confirming the reporting requirement, engagement scope, and independence considerations before audit procedures are planned. The work then tests the evidence behind material financial statement balances, transactions, and disclosures. Findings are discussed with management in a professional, direct way before the report is finalized. An external audit is not a promise of a clean opinion; the opinion reflects the evidence obtained and the financial statements ultimately presented.
How External Audit Is Performed
The common mistake is treating an external audit as a document collection exercise instead of an independent evidence review.
Independence is checked before work
An external audit requires independence from the company and its management. Before accepting the engagement, relevant relationships, services, conflicts, and eligibility are considered so the audit can be conducted without auditing management decisions or the auditor’s own work.
Audit work follows assessed risk
Procedures focus on the balances, transactions, estimates, and disclosures most likely to affect the financial statements materially. This may involve testing revenue, receivables, inventory, supplier costs, bank balances, related parties, or other areas relevant to the business.
Findings are raised before reporting
Identified errors, missing evidence, proposed adjustments, and disclosure issues are discussed with management before the audit report is finalized. This gives the company an opportunity to provide additional support or correct the financial statements where appropriate.
Sharjah External Audit Support
Independent financial statement audit work for businesses requiring credible annual reporting.
Sameh Abdalla
CEO & Founder
Sami Abdallah leads the firm with expertise in accounting, audit, tax advisory, and consulting. He provides strategic guidance and supports long-term business growth across the UAE.
Ahmed Mahfoudh
Audit Manager
Ahmed Mahfoudh manages audit assignments and financial reviews with a focus on accuracy, compliance, and risk assessment. He delivers clear insights to strengthen financial control.
Ahmed Elbadawi
Legal Manager
Ahmed Elbadawi provides legal guidance, contract management, and compliance support. He helps protect business interests, reduce risks, and ensure smooth legal operations.
Ahmed Samir
Tax Manager
Ahmed Samir specializes in UAE VAT, corporate tax, and compliance services. He supports businesses in managing tax obligations while improving financial efficiency and compliance effectively.
What Sharjah Finance Leaders Report
These finance teams and business leaders needed an external audit handled with independence and clear communication.
“The audit resulted in a clean opinion while the team maintained full independence and clear reporting.”
“Planning, fieldwork, and final sign-off remained organized, transparent, and consistently communicated.”
“Their external audit strengthened our credibility with banks and investors through a well-supported report.”
“Findings were explained clearly and the final report arrived without disrupting daily operations.”
“The audit highlighted realistic improvements in documentation and controls beyond the statutory requirement.”
“Their independent audit report arrived on schedule with clear communication at every stage.”
External Audit Questions Answered
The key requirements and expectations to understand before your annual audit begins.
What is an external audit?
An external audit is an independent examination of financial statements and the evidence supporting them. The auditor evaluates whether the statements are prepared, in all material respects, in accordance with the applicable financial reporting framework.
Who needs an external audit?
Requirements depend on the company type, revenue, free-zone rules, licensing terms, and tax status. Under UAE Corporate Tax rules, taxable persons with revenue above AED 50 million and Qualifying Free Zone Persons generally need audited financial statements.
Is an external audit independent?
Yes. Independence is fundamental to an external audit, so the auditor cannot take management responsibility or audit their own work. Engagement acceptance includes considering relationships and services that could create an independence threat.
What documents are needed?
Common documents include the trial balance, general ledger, bank statements, reconciliations, invoices, contracts, fixed-asset register, inventory records, payroll information, tax records, and prior financial statements. The request list changes according to the business and material balances.
What audit opinions are possible?
An audit report may contain an unmodified opinion, qualified opinion, adverse opinion, or disclaimer of opinion. The opinion depends on the evidence obtained and whether financial statement misstatements are material or pervasive.
Does an audit include internal control review?
The auditor considers relevant internal controls to plan audit procedures, but an external audit is not automatically a full internal audit. A separate internal audit engagement reviews controls more broadly across operations, risks, and processes.
What happens if errors are found?
Identified misstatements are discussed with management and may be corrected through audit adjustments or updated disclosures. If material misstatements remain uncorrected, they can affect the type of audit opinion issued.
How long does an external audit take?
Timing depends on the financial year-end, readiness of records, transaction volume, number of entities and locations, audit adjustments, and outstanding evidence. Audit planning should set document deadlines and a target report date before fieldwork begins.
How is external audit work priced?
Fees depend on revenue, complexity, number of entities, locations, reporting framework, condition of accounting records, audit deadline, and authority requirements. A straightforward single-entity audit is scoped differently from a group with inventory, multiple branches, or consolidation requirements.
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