External Audit Services
in Abu Dhabi
We carry out independent financial statement audit work, test key balances and disclosures, and issue a clear report for your agreed reporting or regulatory purpose.
13+ YEARS OF UAE FINANCIAL EXPERIENCE
- Independent Audit Work
- Financial Statement Review
- Abu Dhabi UAE
Financial Statements Ready For Review
Give banks, investors, shareholders, and authorities an independent audit report based on tested financial information.
Independent Financial Reporting
Your financial statements are assessed through an audit process designed to provide an independent opinion on whether they are materially misstated.
Earlier Issue Visibility
Significant accounting, documentation, and control matters can be raised during the audit instead of appearing after the reporting deadline.
Clear Reporting Purpose
The engagement is planned around the relevant entity type, financial year, reporting framework, and requirement of your Abu Dhabi licence authority.
Useful Management Observations
Findings can show where reconciliations, approvals, records, or financial reporting processes need practical improvement after the audit.
External Audit Work Scope
Structured audit procedures for financial statements, reporting requirements, and independent assurance needs in Abu Dhabi.
Audit Acceptance Review
Confirm reporting purpose, entity requirements, independence matters, and engagement terms.
Audit Planning Process
Set the audit timetable, information requests, material areas, and responsibilities.
Risk And Materiality Assessment
Identify material financial statement risks and plan audit procedures around them.
Control Walkthrough Testing
Review selected processes for revenue, payments, payroll, inventory, and financial close.
Balance Testing Procedures
Test selected account balances, transactions, reconciliations, and supporting evidence.
Financial Statements Review
Review presentation, disclosures, accounting policies, and reporting-framework compliance.
Audit Findings Discussion
Discuss significant observations, proposed adjustments, and unresolved matters with management.
Audit Report Issuance
Issue the audit report after completion of procedures and agreed financial statements.
Independent Financial Statement Audit
Ahmed Mahfoudh Chartered Accountants & Auditors has more than 13 years of UAE financial experience. I plan each Abu Dhabi external audit around the entity’s reporting requirement, material balances, transaction risks, and available records. The work is not a checklist applied without context. A mainland company, an ADGM entity, and a free-zone company may face different filing or auditor-appointment requirements. The audit process is designed to test the financial statements and clearly communicate significant matters before the report is issued.
Independence Comes Before Fieldwork
Buyers often focus on the report date without checking whether the auditor can remain independent and understand the reporting requirement.
Requirements are confirmed at the start
I confirm the entity type, financial year, applicable reporting framework, intended use of the report, and available audit records before planning begins. This avoids starting an audit under assumptions that do not meet the requirements of the relevant Abu Dhabi authority, free zone, bank, or shareholder.
Testing follows financial risk
Audit procedures focus on areas where a material misstatement could occur, such as revenue, related-party activity, receivables, inventory, estimates, or unusual transactions. This risk-based approach is consistent with the International Standards on Auditing rather than treating every account in the same way.
Issues are discussed before completion
Significant questions, requested adjustments, and missing evidence are raised with management during the process where possible. This gives the finance team an opportunity to provide further support or correct the financial statements before the audit opinion is finalised.
Abu Dhabi External Audit Support
Independent financial statement audit work for company management, boards, shareholders, and reporting teams.
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.
Abu Dhabi Companies Needing Assurance
These finance and business leaders needed an independent audit report without losing control of the reporting process.
“The audit was completed on time with an independent, well-supported clean opinion.”
“Planning, fieldwork, and final sign-off remained organised and transparent throughout.”
“The audit report strengthened our credibility with banks and investors.”
“Findings were explained clearly and the final report arrived without delay.”
“Practical recommendations helped us improve documentation and strengthen internal processes.”
“Independent audit work, delivered on schedule with clear communication at every stage.”
External Audit Questions In Abu Dhabi
Useful answers on eligibility, standards, evidence, timing, audit opinions, and the work required before sign-off.
What is an external audit?
An external audit is an independent examination of financial statements and supporting evidence. The auditor provides an opinion on whether the statements are free from material misstatement under the applicable reporting framework.
Is an audit mandatory in Abu Dhabi?
Not every mainland company is required to submit an annual audit solely because it holds an Abu Dhabi licence. Free zones, ADGM entities, shareholders, banks, and contracts may impose their own audit requirement.
When is a Corporate Tax audit required?
Under Ministerial Decision No. 82 of 2023, audited financial statements are required for taxable persons with revenue above AED 50 million and for Qualifying Free Zone Persons claiming the 0% Corporate Tax rate. The requirement applies regardless of whether an external audit was previously requested for another purpose.
Can an ADGM company appoint any auditor?
No. Statutory audits for ADGM entities must be carried out by an auditor registered with the ADGM Registration Authority. The authority maintains a public register of approved audit firms and individuals.
Which standards guide the audit?
External audits are generally planned and performed under International Standards on Auditing. ISA requires a risk- and materiality-based approach, which means the audit does not test every transaction.
What documents are needed?
Typical evidence includes trial balances, ledgers, bank reconciliations, invoices, contracts, payroll records, fixed-asset schedules, inventory records, and management accounts. Third-party confirmations may also be requested for selected balances.
How long does an external audit take?
Timing depends on the entity size, transaction volume, record quality, reporting deadline, and speed of management responses. A complete set of reconciled schedules before fieldwork usually reduces delays caused by missing evidence.
Does an audit guarantee a clean opinion?
No. An unmodified opinion is issued only when the audit evidence supports it. The audit provides reasonable assurance, not an absolute guarantee that every error or fraud has been identified.
What if an error is found?
Management may need to provide additional evidence, post an adjustment, or revise a disclosure before the financial statements are finalised. Material prior-period errors are addressed under the applicable accounting framework, such as IAS 8 for IFRS reporters.
How is external audit pricing set?
Fees depend on the entity structure, reporting framework, revenue and transaction volume, account complexity, locations, and condition of the records. An engagement subject to the AED 50 million Corporate Tax audit threshold may require wider testing than a smaller entity.
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