{"id":2703,"date":"2026-09-30T18:42:04","date_gmt":"2026-09-30T18:42:04","guid":{"rendered":"https:\/\/eighty20.me\/uae\/audit-assurance\/statutory-audit\/"},"modified":"2026-09-30T18:48:26","modified_gmt":"2026-09-30T18:48:26","slug":"statutory-audit","status":"publish","type":"page","link":"https:\/\/eighty20.me\/uae\/audit-assurance\/statutory-audit\/","title":{"rendered":"Statutory Audit"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2703\" class=\"elementor elementor-2703\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bc284a2 e-flex e-con-boxed e-con e-parent\" data-id=\"bc284a2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-417b023 e-con-full e-flex e-con e-child\" data-id=\"417b023\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-175771a elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"175771a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/eighty20.me\/uae\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-home\" viewBox=\"0 0 576 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M280.37 148.26L96 300.11V464a16 16 0 0 0 16 16l112.06-.29a16 16 0 0 0 15.92-16V368a16 16 0 0 1 16-16h64a16 16 0 0 1 16 16v95.64a16 16 0 0 0 16 16.05L464 480a16 16 0 0 0 16-16V300L295.67 148.26a12.19 12.19 0 0 0-15.3 0zM571.6 251.47L488 182.56V44.05a12 12 0 0 0-12-12h-56a12 12 0 0 0-12 12v72.61L318.47 43a48 48 0 0 0-61 0L4.34 251.47a12 12 0 0 0-1.6 16.9l25.5 31A12 12 0 0 0 45.15 301l235.22-193.74a12.19 12.19 0 0 1 15.3 0L530.9 301a12 12 0 0 0 16.9-1.6l25.5-31a12 12 0 0 0-1.7-16.93z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Home<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Service<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Statutory Audit<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca8945f elementor-widget elementor-widget-heading\" data-id=\"ca8945f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Statutory Audit<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-de08896 e-con-full e-flex e-con e-child\" data-id=\"de08896\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8d2f7d1 elementor-widget elementor-widget-text-editor\" data-id=\"8d2f7d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>At Eighty20, we combine expertise with integrity to deliver reliable business and financial solutions. Our team ensures every service and report adds real value to your business growth.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6bf0321 e-flex e-con-boxed e-con e-parent\" data-id=\"6bf0321\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b09c115 e-con-full e-flex e-con e-child\" data-id=\"b09c115\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3305d5f elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"3305d5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;,&quot;h6&quot;],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__3305d5f\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__3305d5f\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__3305d5f\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8af47a7 elementor-widget elementor-widget-text-editor\" data-id=\"8af47a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A statutory audit is more than a year-end financial exercise. For many UAE companies, it is a legal or regulatory requirement that provides independent assurance over the company&#8217;s financial statements and helps shareholders, regulators, banks, and other stakeholders rely on the reported financial information.<\/p>\n<p>Our <strong>statutory audit services in the UAE<\/strong> provide an independent examination of financial statements in accordance with applicable UAE requirements and recognised professional auditing standards.<\/p>\n<p>We assess whether the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework and issue an independent auditor&#8217;s report based on the audit evidence obtained.<\/p>\n<p>Whether your company is an LLC, joint stock company, Qualifying Free Zone Person, UAE Tax Group, or another business subject to an audit requirement, the audit scope should be determined by your legal form, jurisdiction, tax position, and regulatory obligations.<\/p>\n<h2>What Is a Statutory Audit in the UAE?<\/h2>\n<p>A statutory audit is an independent examination of a company&#8217;s financial statements when an audit is required by law, regulation, licensing rules, or another applicable authority.<\/p>\n<p>The auditor performs procedures to obtain sufficient appropriate audit evidence and forms an independent opinion on whether the financial statements are presented fairly, in all material respects, under the applicable financial reporting framework.<\/p>\n<p>A statutory audit commonly covers financial statements such as:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Statement of financial position<\/li>\n \t<li>Statement of profit or loss<\/li>\n \t<li>Statement of cash flows<\/li>\n \t<li>Statement of changes in equity<\/li>\n \t<li>Related notes and disclosures<\/li>\n \t<li>Supporting accounting records relevant to the audit<\/li>\n<\/ul>\n<p>The audit does not guarantee that every transaction is correct. Instead, it is designed to provide <strong>reasonable assurance<\/strong> that the financial statements as a whole are free from material misstatement, whether caused by fraud or error.<\/p>\n<h2>Is a Statutory Audit Mandatory for UAE Companies?<\/h2>\n<p>For several company types, yes.<\/p>\n<p>Under Article 27 of the UAE Commercial Companies Law, every joint stock company and limited liability company must have one or more auditors carry out an annual audit of its accounts. The law also requires companies to prepare annual financial accounts and apply international accounting standards and principles so that the accounts give a clear and accurate picture of the company&#8217;s financial performance.<\/p>\n<p>For LLCs specifically, the Commercial Companies Law also requires one or more auditors to be appointed annually by the General Assembly of Partners.<\/p>\n<p>However, statutory audit obligations in the UAE do not come from only one source.<\/p>\n<p>A business may also need audited financial statements because of:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>UAE Corporate Tax requirements<\/li>\n \t<li>Free zone regulations<\/li>\n \t<li>Licensing authority requirements<\/li>\n \t<li>Securities or financial-services regulation<\/li>\n \t<li>Shareholder or constitutional-document requirements<\/li>\n \t<li>Bank or financing arrangements<\/li>\n \t<li>Group reporting obligations<\/li>\n \t<li>Other sector-specific regulations<\/li>\n<\/ul>\n<p>This is why audit requirements should be assessed according to the individual company rather than using a single revenue threshold for every UAE business.<\/p>\n<h2>Which UAE Businesses Require Audited Financial Statements?<\/h2>\n<p>Audit requirements can arise under different legal and regulatory frameworks.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr>\n<th>Business \/ Situation<\/th>\n<th>General Audit Position<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>UAE Limited Liability Company<\/td>\n<td>Annual statutory audit required under the Commercial Companies Law<\/td>\n<\/tr>\n<tr>\n<td>Joint Stock Company<\/td>\n<td>Annual statutory audit required under the Commercial Companies Law<\/td>\n<\/tr>\n<tr>\n<td>Taxable Person with revenue exceeding AED 50 million<\/td>\n<td>Audited financial statements required for UAE Corporate Tax purposes, subject to the applicable rules<\/td>\n<\/tr>\n<tr>\n<td>Qualifying Free Zone Person<\/td>\n<td>Audited financial statements required for Corporate Tax purposes regardless of revenue<\/td>\n<\/tr>\n<tr>\n<td>UAE Tax Group<\/td>\n<td>Required to prepare and maintain audited special-purpose aggregated financial statements under the current Corporate Tax rules<\/td>\n<\/tr>\n<tr>\n<td>Free Zone Company<\/td>\n<td>Requirements depend on the free zone, legal form and Corporate Tax position<\/td>\n<\/tr>\n<tr>\n<td>Regulated Entity<\/td>\n<td>May have additional audit requirements imposed by its regulator<\/td>\n<\/tr>\n<tr>\n<td>Company seeking financing or investment<\/td>\n<td>Lender or investor may separately require audited financial statements<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>These requirements can overlap.<\/p>\n<p>For example, an LLC may have a statutory audit obligation under the Commercial Companies Law even if its revenue is below the AED 50 million Corporate Tax audit threshold.<\/p>\n<h2>What Are the UAE Corporate Tax Audit Requirements in 2026?<\/h2>\n<p>Corporate Tax rules create a separate requirement for certain businesses to prepare and maintain audited financial statements.<\/p>\n<p>Under <strong>Ministerial Decision No. 84 of 2025<\/strong>, which applies to relevant Tax Periods commencing on or after 1 January 2025, audited financial statements are required for:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>A Taxable Person that is not a Tax Group and derives revenue exceeding AED 50 million during the relevant Tax Period<\/li>\n \t<li>A Qualifying Free Zone Person, regardless of revenue<\/li>\n \t<li>A Tax Group, which must prepare and maintain audited special-purpose aggregated financial statements in accordance with the applicable requirements<\/li>\n<\/ul>\n<p>For a Non-Resident Person, the AED 50 million threshold is determined using relevant revenue attributable to Permanent Establishments and\/or nexus in the UAE under the Decision.<\/p>\n<p>These Corporate Tax audit requirements are separate from statutory audit requirements imposed under the Commercial Companies Law or by a licensing authority.<\/p>\n<h2>Do Qualifying Free Zone Persons Need an Audit?<\/h2>\n<p>Yes, if a Free Zone Person wants to meet the conditions applicable to a Qualifying Free Zone Person, audited financial statements are an important part of the Corporate Tax framework.<\/p>\n<p>Ministerial Decision No. 84 of 2025 requires a Qualifying Free Zone Person to prepare and maintain audited financial statements regardless of its revenue level.<\/p>\n<p>The updated UAE Free Zone Corporate Tax framework also continues to include audited financial statements among the conditions relevant to Qualifying Free Zone Person status.<\/p>\n<p>This means a small Qualifying Free Zone Person should not assume that it is exempt from audit simply because its annual revenue is below AED 50 million.<\/p>\n<p>The company&#8217;s specific free zone may also impose its own financial statement filing or audit requirements.<\/p>\n<h2>What Accounting Standards Apply to UAE Statutory Audits?<\/h2>\n<p>The applicable financial reporting framework depends on the company and the purpose of the financial statements.<\/p>\n<p>The UAE Commercial Companies Law requires companies within its scope to apply international accounting standards and principles in preparing periodic and annual accounts.<\/p>\n<p>For UAE Corporate Tax purposes, the Ministry of Finance has confirmed that <strong>IFRS is the accepted accounting standard for larger businesses with revenue above AED 50 million<\/strong>, while businesses with revenue not exceeding AED 50 million may use <strong>IFRS for SMEs<\/strong>, subject to the applicable requirements.<\/p>\n<p>The auditor therefore needs to understand both the company&#8217;s financial reporting framework and the legal or regulatory reason for which the audited financial statements are being prepared.<\/p>\n<h2>Who Can Perform a Statutory Audit in the UAE?<\/h2>\n<p>A statutory audit should be performed by an appropriately authorised audit professional or audit firm.<\/p>\n<p>Federal Decree-Law No. 41 of 2023 regulates the accounting and auditing professions in the UAE. It provides that a natural or legal person may not practise the profession or provide its professional services in the UAE without the required licences.<\/p>\n<p>The Ministry of Economy is responsible for matters including professional licensing, standards and oversight of practitioners under this framework.<\/p>\n<p>Businesses should therefore check that the auditor they appoint is appropriately authorised for the relevant statutory or regulatory audit requirement.<\/p>\n<h2>What Does a Statutory Auditor Examine?<\/h2>\n<p>A financial statement audit is risk-based. It does not involve checking every transaction individually.<\/p>\n<p>The auditor identifies areas where material misstatements could occur and designs appropriate audit procedures.<\/p>\n<h3>Revenue<\/h3>\n<p>Revenue is often a significant audit area because incorrect timing, classification, or recognition can materially affect financial results.<\/p>\n<p>Audit procedures may consider:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Revenue recognition policies<\/li>\n \t<li>Sales transactions<\/li>\n \t<li>Cut-off around year-end<\/li>\n \t<li>Customer agreements<\/li>\n \t<li>Credit notes<\/li>\n \t<li>Significant or unusual revenue entries<\/li>\n<\/ul>\n<h3>Cash and Bank Balances<\/h3>\n<p>The auditor assesses recorded cash and bank balances and may perform procedures involving:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Bank reconciliations<\/li>\n \t<li>Bank confirmations where appropriate<\/li>\n \t<li>Outstanding reconciling items<\/li>\n \t<li>Restricted cash<\/li>\n \t<li>Significant year-end transactions<\/li>\n<\/ul>\n<h3>Trade Receivables<\/h3>\n<p>Receivables may be assessed for:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Existence<\/li>\n \t<li>Recoverability<\/li>\n \t<li>Ageing<\/li>\n \t<li>Credit losses<\/li>\n \t<li>Customer balances<\/li>\n \t<li>Cut-off<\/li>\n \t<li>Relevant disclosures<\/li>\n<\/ul>\n<h3>Trade Payables<\/h3>\n<p>Audit work may assess whether liabilities have been completely and accurately recorded.<\/p>\n<p>Areas can include:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Supplier balances<\/li>\n \t<li>Unrecorded liabilities<\/li>\n \t<li>Purchase cut-off<\/li>\n \t<li>Accrued expenses<\/li>\n \t<li>Supplier reconciliations<\/li>\n<\/ul>\n<h3>Inventory<\/h3>\n<p>For businesses holding inventory, the audit may address:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Inventory existence<\/li>\n \t<li>Valuation<\/li>\n \t<li>Obsolescence<\/li>\n \t<li>Costing<\/li>\n \t<li>Cut-off<\/li>\n \t<li>Stock records<\/li>\n \t<li>Inventory count procedures<\/li>\n<\/ul>\n<h3>Property, Plant and Equipment<\/h3>\n<p>The auditor may assess:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Asset additions<\/li>\n \t<li>Disposals<\/li>\n \t<li>Capitalisation<\/li>\n \t<li>Depreciation<\/li>\n \t<li>Useful lives<\/li>\n \t<li>Impairment indicators<\/li>\n \t<li>Fixed asset registers<\/li>\n<\/ul>\n<h3>Payroll and Employee Costs<\/h3>\n<p>Payroll audit procedures can include evaluation of:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Salary expenses<\/li>\n \t<li>Employee-related liabilities<\/li>\n \t<li>Payroll records<\/li>\n \t<li>Accrued benefits<\/li>\n \t<li>End-of-service obligations<\/li>\n \t<li>Reconciliation with accounting records<\/li>\n<\/ul>\n<h3>Related-Party Transactions<\/h3>\n<p>Related-party transactions can require particular attention because of their nature and disclosure requirements.<\/p>\n<p>The audit may assess:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Identification of related parties<\/li>\n \t<li>Related-party balances<\/li>\n \t<li>Transactions between group entities<\/li>\n \t<li>Required disclosures<\/li>\n \t<li>Significant unusual transactions<\/li>\n<\/ul>\n<h3>Provisions and Estimates<\/h3>\n<p>Financial statements may contain estimates involving management judgement.<\/p>\n<p>Examples include:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Expected credit losses<\/li>\n \t<li>Inventory provisions<\/li>\n \t<li>Impairment<\/li>\n \t<li>Employee benefit obligations<\/li>\n \t<li>Legal provisions<\/li>\n \t<li>Other accounting estimates<\/li>\n<\/ul>\n<p>The auditor evaluates whether significant estimates and related disclosures are reasonable within the applicable financial reporting framework.<\/p>\n<h2>How Does the Statutory Audit Process Work?<\/h2>\n<p>A properly managed statutory audit follows a structured process from initial planning through the final auditor&#8217;s report.<\/p>\n<h3>Engagement and Independence Assessment<\/h3>\n<p>Before audit work begins, the auditor assesses the engagement, independence requirements, and potential conflicts of interest.<\/p>\n<p>The responsibilities of management and the auditor are defined through the engagement process.<\/p>\n<h3>Understanding the Business<\/h3>\n<p>The audit team develops an understanding of:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Business activities<\/li>\n \t<li>Industry<\/li>\n \t<li>Ownership<\/li>\n \t<li>Revenue streams<\/li>\n \t<li>Accounting systems<\/li>\n \t<li>Internal processes<\/li>\n \t<li>Regulatory environment<\/li>\n \t<li>Significant financial risks<\/li>\n<\/ul>\n<p>This helps determine where material financial statement risks may exist.<\/p>\n<h3>Audit Planning and Risk Assessment<\/h3>\n<p>The auditor identifies significant financial statement areas and determines the nature, timing, and extent of audit procedures.<\/p>\n<p>The audit is planned around <strong>materiality and risk<\/strong>, rather than checking every transaction.<\/p>\n<h3>Review of Internal Controls<\/h3>\n<p>Relevant controls may be considered to understand how financial information is initiated, processed, recorded and reported.<\/p>\n<p>The extent of control testing depends on the audit approach and circumstances.<\/p>\n<h3>Substantive Audit Procedures<\/h3>\n<p>The audit team performs procedures designed to obtain evidence concerning financial statement balances, transactions and disclosures.<\/p>\n<p>Depending on the audit, these may include:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Inspection of documentation<\/li>\n \t<li>Recalculations<\/li>\n \t<li>Analytical procedures<\/li>\n \t<li>External confirmations<\/li>\n \t<li>Observation<\/li>\n \t<li>Reperformance<\/li>\n \t<li>Management enquiries<\/li>\n \t<li>Testing of selected transactions and balances<\/li>\n<\/ul>\n<h3>Evaluation of Audit Findings<\/h3>\n<p>Identified differences and control observations are assessed according to their nature, size and potential effect on the financial statements.<\/p>\n<p>Management may be asked to investigate or correct material accounting issues.<\/p>\n<h3>Financial Statement Review<\/h3>\n<p>The financial statements and notes are assessed against the applicable financial reporting framework.<\/p>\n<p>The auditor considers whether the financial statements are appropriately presented and whether required disclosures have been included.<\/p>\n<h3>Management Representations<\/h3>\n<p>Management is responsible for the financial statements and may be required to provide written representations relevant to the audit.<\/p>\n<h3>Auditor&#8217;s Report<\/h3>\n<p>After completing the required procedures and evaluating the evidence obtained, the auditor issues the independent auditor&#8217;s report.<\/p>\n<h2>What Is the Difference Between a Statutory Audit and an Accounting Review?<\/h2>\n<p>These services should not be confused.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr>\n<th>Area<\/th>\n<th>Statutory Audit<\/th>\n<th>Accounting \/ Pre-Audit Review<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Purpose<\/td>\n<td>Provide an independent audit opinion<\/td>\n<td>Identify accounting issues and improve readiness<\/td>\n<\/tr>\n<tr>\n<td>Assurance level<\/td>\n<td>Reasonable assurance<\/td>\n<td>Usually no assurance for advisory reviews; limited assurance only for qualifying formal review engagements<\/td>\n<\/tr>\n<tr>\n<td>Legal requirement<\/td>\n<td>May be legally or regulatorily mandatory<\/td>\n<td>Usually voluntary unless required for a particular purpose<\/td>\n<\/tr>\n<tr>\n<td>Audit opinion<\/td>\n<td>Yes<\/td>\n<td>No statutory audit opinion<\/td>\n<\/tr>\n<tr>\n<td>Testing<\/td>\n<td>Extensive risk-based audit procedures<\/td>\n<td>More limited procedures based on agreed scope<\/td>\n<\/tr>\n<tr>\n<td>External confirmations<\/td>\n<td>May be used where appropriate<\/td>\n<td>Usually not a core feature of an advisory accounting review<\/td>\n<\/tr>\n<tr>\n<td>Can satisfy statutory audit requirement?<\/td>\n<td>Yes, when properly performed by an appropriately authorised auditor<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<td>Typical use<\/td>\n<td>Statutory compliance and independent assurance<\/td>\n<td>Audit readiness, accounting clean-up and management assessment<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A pre-audit review can make the audit process more efficient, but it <strong>cannot replace a statutory audit<\/strong> where an audit is required.<\/p>\n<h2>What Is the Difference Between Statutory Audit and Internal Audit?<\/h2>\n<p>Both are important, but they have different objectives.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr>\n<th>Area<\/th>\n<th>Statutory \/ External Audit<\/th>\n<th>Internal Audit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Primary objective<\/td>\n<td>Express an independent opinion on financial statements<\/td>\n<td>Evaluate internal processes, risks, controls and governance<\/td>\n<\/tr>\n<tr>\n<td>Main users<\/td>\n<td>Shareholders and other relevant external stakeholders<\/td>\n<td>Management and those charged with governance<\/td>\n<\/tr>\n<tr>\n<td>Financial statement opinion<\/td>\n<td>Yes<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<td>Frequency<\/td>\n<td>Usually annual<\/td>\n<td>Can operate throughout the year<\/td>\n<\/tr>\n<tr>\n<td>Scope<\/td>\n<td>Primarily financial statements and relevant risks<\/td>\n<td>Operational, financial, compliance, technology and other risks<\/td>\n<\/tr>\n<tr>\n<td>Independence<\/td>\n<td>Independent external auditor<\/td>\n<td>Organisationally independent internal function or outsourced provider<\/td>\n<\/tr>\n<tr>\n<td>Statutory audit replacement<\/td>\n<td>N\/A<\/td>\n<td>Internal audit does not replace a required statutory external audit<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>What Documents Are Usually Required for a UAE Statutory Audit?<\/h2>\n<p>The exact audit request depends on the company&#8217;s business and financial statements, but commonly requested information includes:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Trial balance<\/li>\n \t<li>General ledger<\/li>\n \t<li>Final or draft financial statements<\/li>\n \t<li>Bank statements<\/li>\n \t<li>Bank reconciliations<\/li>\n \t<li>Accounts receivable ageing<\/li>\n \t<li>Accounts payable ageing<\/li>\n \t<li>Customer and supplier information<\/li>\n \t<li>Inventory records<\/li>\n \t<li>Fixed asset register<\/li>\n \t<li>Payroll summaries<\/li>\n \t<li>Employee benefit calculations<\/li>\n \t<li>Loan and financing agreements<\/li>\n \t<li>Lease agreements<\/li>\n \t<li>Major customer and supplier contracts<\/li>\n \t<li>Related-party schedules<\/li>\n \t<li>Corporate documents<\/li>\n \t<li>Tax-related records<\/li>\n \t<li>VAT information<\/li>\n \t<li>Corporate Tax information<\/li>\n \t<li>Board or shareholder resolutions relevant to financial reporting<\/li>\n \t<li>Supporting schedules for significant balances<\/li>\n<\/ul>\n<p>Preparing these records before audit fieldwork can reduce unnecessary delays.<\/p>\n<h2>How Long Must UAE Companies Keep Accounting Records?<\/h2>\n<p>Under the Commercial Companies Law, companies are required to keep accounting records at their headquarters for at least <strong>five years following the end of the relevant financial year<\/strong>. Electronic copies may be maintained subject to the applicable requirements.<\/p>\n<p>This should not be confused with tax record-retention periods.<\/p>\n<p>Corporate Tax and VAT legislation can impose separate tax-related record-retention requirements. Businesses should therefore follow the longest retention period applicable to the particular records rather than assuming that one five-year period covers every legal or tax obligation.<\/p>\n<h2>Why Is Audit Readiness Important?<\/h2>\n<p>A statutory audit becomes more difficult when accounting issues are left unresolved until audit fieldwork begins.<\/p>\n<p>Common audit-readiness problems include:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Unreconciled bank accounts<\/li>\n \t<li>Unsupported receivable or payable balances<\/li>\n \t<li>Missing invoices<\/li>\n \t<li>Incomplete fixed asset registers<\/li>\n \t<li>Incorrect inventory records<\/li>\n \t<li>Unreconciled related-party balances<\/li>\n \t<li>Missing contracts<\/li>\n \t<li>Incorrect opening balances<\/li>\n \t<li>Incomplete financial statement disclosures<\/li>\n \t<li>Unresolved accounting adjustments<\/li>\n<\/ul>\n<p>Resolving these matters before the auditor requests evidence can make the year-end process more efficient.<\/p>\n<h2>What Types of Audit Opinions Can Be Issued?<\/h2>\n<p>The audit opinion depends on the auditor&#8217;s findings and whether sufficient appropriate audit evidence has been obtained.<\/p>\n<h3>Unmodified Opinion<\/h3>\n<p>An unmodified opinion indicates that the auditor concludes that the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework.<\/p>\n<p>It is sometimes informally called a &#8220;clean&#8221; audit opinion.<\/p>\n<h3>Qualified Opinion<\/h3>\n<p>A qualified opinion may arise when a material issue exists, but its effect is not considered pervasive to the financial statements, or when the auditor cannot obtain sufficient appropriate evidence regarding a material area and the possible effects are not pervasive.<\/p>\n<h3>Adverse Opinion<\/h3>\n<p>An adverse opinion may be issued when identified misstatements are both material and pervasive to the financial statements.<\/p>\n<h3>Disclaimer of Opinion<\/h3>\n<p>A disclaimer may arise when the auditor cannot obtain sufficient appropriate audit evidence, and the potential effects could be both material and pervasive.<\/p>\n<p>The type of audit opinion cannot be promised before the audit is completed.<\/p>\n<h2>What Are Management&#8217;s Responsibilities During a Statutory Audit?<\/h2>\n<p>The statutory auditor provides independent assurance, but management remains responsible for the company&#8217;s financial information.<\/p>\n<p>Management responsibilities generally include:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Maintaining appropriate accounting records<\/li>\n \t<li>Preparing financial statements<\/li>\n \t<li>Selecting appropriate accounting policies<\/li>\n \t<li>Maintaining relevant internal controls<\/li>\n \t<li>Providing complete information to the auditor<\/li>\n \t<li>Providing access to documents and responsible personnel<\/li>\n \t<li>Assessing significant accounting estimates<\/li>\n \t<li>Addressing identified financial reporting issues<\/li>\n \t<li>Providing required representations<\/li>\n<\/ul>\n<p>The auditor does not take over management&#8217;s responsibility for preparing the accounts.<\/p>\n<h2>Why Do Banks, Investors and Shareholders Use Audited Financial Statements?<\/h2>\n<p>Independent auditing increases the credibility of financial information.<\/p>\n<p>Audited financial statements can help stakeholders evaluate:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Revenue and profitability<\/li>\n \t<li>Assets and liabilities<\/li>\n \t<li>Cash flows<\/li>\n \t<li>Borrowings<\/li>\n \t<li>Working capital<\/li>\n \t<li>Financial trends<\/li>\n \t<li>Related-party exposures<\/li>\n \t<li>Significant accounting estimates<\/li>\n \t<li>Financial position at year-end<\/li>\n<\/ul>\n<p>However, an audit opinion is not a guarantee that a company will remain profitable, repay financing, or succeed commercially.<\/p>\n<h2>Statutory Audit for Mainland and Free Zone Companies<\/h2>\n<p>The UAE does not have one identical audit rule for every business in every jurisdiction.<\/p>\n<h3>Mainland Companies<\/h3>\n<p>Mainland companies should assess requirements under the UAE Commercial Companies Law, their legal form, licensing conditions, and any industry-specific regulations.<\/p>\n<p>For example, LLCs and joint stock companies are subject to annual audit requirements under the Commercial Companies Law.<\/p>\n<h3>Free Zone Companies<\/h3>\n<p>Free zone companies need to consider:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Rules of the relevant free zone<\/li>\n \t<li>Company legal form<\/li>\n \t<li>Licence requirements<\/li>\n \t<li>Corporate Tax status<\/li>\n \t<li>Qualifying Free Zone Person status<\/li>\n \t<li>Financial statement filing requirements<\/li>\n<\/ul>\n<p>A Free Zone Person that is a <strong>Qualifying Free Zone Person<\/strong> is required to prepare and maintain audited financial statements for Corporate Tax purposes regardless of revenue.<\/p>\n<p>Businesses should therefore check both their free-zone requirements and federal Corporate Tax obligations.<\/p>\n<h2>Our UAE Statutory Audit Approach<\/h2>\n<p>Our approach focuses on audit quality, clear communication, and efficient coordination throughout the engagement.<\/p>\n<h3>Clear Scope Before Audit Work Begins<\/h3>\n<p>We establish the expected reporting framework, audit period, required deliverables, and document requirements before substantive work starts.<\/p>\n<h3>Risk-Focused Audit Planning<\/h3>\n<p>Higher-risk financial areas receive appropriate attention rather than applying the same procedures mechanically to every account.<\/p>\n<h3>Structured Information Requests<\/h3>\n<p>Audit requirements are organised, so finance teams understand what documents and schedules are needed.<\/p>\n<h3>Clear Communication of Issues<\/h3>\n<p>Material accounting or documentation issues identified during the audit are communicated so management can investigate and respond.<\/p>\n<h3>Professional Financial Reporting Review<\/h3>\n<p>Financial statement presentation and disclosures are considered against the applicable reporting framework.<\/p>\n<h3>Independent Audit Reporting<\/h3>\n<p>The final audit opinion reflects the audit evidence obtained and the requirements of the applicable professional standards.<\/p>\n<h2>FAQs:<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9cdc573 elementor-widget elementor-widget-accordion\" data-id=\"9cdc573\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1641\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1641\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is a statutory audit in the UAE?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1641\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1641\"><p>A statutory audit is an independent examination of financial statements carried out because an audit is required under applicable law, regulation, licensing rules, or another binding requirement. The auditor obtains audit evidence and issues an independent opinion on the financial statements.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1642\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1642\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Is statutory audit mandatory for every UAE company?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1642\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1642\"><p>Not every entity has exactly the same audit requirement. However, the UAE Commercial Companies Law specifically requires joint stock companies and limited liability companies to have an annual audit. Free zones, Corporate Tax rules, and sector regulators can impose additional requirements.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1643\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1643\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Does every UAE LLC require an annual audit?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1643\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1643\"><p>Under the UAE Commercial Companies Law, an LLC must have one or more auditors, appointed annually by the General Assembly of Partners.<\/p>\n<p>The company should also consider requirements imposed by its licensing authority and Corporate Tax position.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1644\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1644\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is the AED 50 million audit threshold in the UAE?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1644\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1644\"><p>For UAE Corporate Tax purposes, a Taxable Person that is not a Tax Group and derives revenue exceeding AED 50 million during the relevant Tax Period is required to prepare and maintain audited financial statements under Ministerial Decision No. 84 of 2025.<\/p>\n<p>This threshold does not cancel separate audit requirements that apply under the Commercial Companies Law or other regulations.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1645\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1645\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Does a UAE company below AED 50 million revenue need an audit?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1645\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1645\"><p>It may.<\/p>\n<p>The AED 50 million threshold relates to a specific Corporate Tax audit requirement. A company may still require an annual statutory audit because of its legal form, free-zone rules, licensing authority, regulator, or other obligations.<\/p>\n<p>For example, an LLC&#8217;s annual audit requirement under the Commercial Companies Law is not dependent on crossing the AED 50 million Corporate Tax revenue threshold.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1646\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-1646\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Do Qualifying Free Zone Persons require audited financial statements?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1646\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-1646\"><p>Yes. A Qualifying Free Zone Person is required to prepare and maintain audited financial statements for Corporate Tax purposes regardless of its revenue level.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1647\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-1647\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Do UAE Tax Groups require audited financial statements?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1647\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-1647\"><p>Under Ministerial Decision No. 84 of 2025, a Tax Group must prepare and maintain audited special-purpose aggregated financial statements according to the applicable form, procedures, and rules. The underlying members are not automatically required by that specific Tax Group rule to prepare audited standalone financial statements, although another legal requirement may separately apply to them.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1648\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-1648\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is the difference between statutory audit and external audit?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1648\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-1648\"><p>A statutory audit is an external audit required by law or another binding requirement. &#8220;External audit&#8221; is a broader term describing an audit performed by an independent external auditor. In practice, a statutory financial statement audit is performed externally.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1649\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-1649\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Is an internal audit enough instead of a statutory audit?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1649\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-1649\"><p>No. Internal audit examines areas such as internal controls, risk management, governance, and operational processes. It does not issue the independent statutory financial statement audit opinion required where an external statutory audit is mandatory.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-16410\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-16410\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Does an audit check every transaction?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-16410\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-16410\"><p>No. A financial statement audit is risk-based and uses materiality. Auditors obtain evidence through procedures such as testing selected transactions, analytical procedures, confirmations, inspection, and other methods rather than checking every individual transaction.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is a statutory audit in the UAE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>A statutory audit is an independent examination of financial statements carried out because an audit is required under applicable law, regulation, licensing rules, or another binding requirement. The auditor obtains audit evidence and issues an independent opinion on the financial statements.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Is statutory audit mandatory for every UAE company?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Not every entity has exactly the same audit requirement. However, the UAE Commercial Companies Law specifically requires joint stock companies and limited liability companies to have an annual audit. Free zones, Corporate Tax rules, and sector regulators can impose additional requirements.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Does every UAE LLC require an annual audit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Under the UAE Commercial Companies Law, an LLC must have one or more auditors, appointed annually by the General Assembly of Partners.<\\\/p>\\n<p>The company should also consider requirements imposed by its licensing authority and Corporate Tax position.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"What is the AED 50 million audit threshold in the UAE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>For UAE Corporate Tax purposes, a Taxable Person that is not a Tax Group and derives revenue exceeding AED 50 million during the relevant Tax Period is required to prepare and maintain audited financial statements under Ministerial Decision No. 84 of 2025.<\\\/p>\\n<p>This threshold does not cancel separate audit requirements that apply under the Commercial Companies Law or other regulations.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Does a UAE company below AED 50 million revenue need an audit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>It may.<\\\/p>\\n<p>The AED 50 million threshold relates to a specific Corporate Tax audit requirement. A company may still require an annual statutory audit because of its legal form, free-zone rules, licensing authority, regulator, or other obligations.<\\\/p>\\n<p>For example, an LLC&#8217;s annual audit requirement under the Commercial Companies Law is not dependent on crossing the AED 50 million Corporate Tax revenue threshold.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Do Qualifying Free Zone Persons require audited financial statements?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Yes. A Qualifying Free Zone Person is required to prepare and maintain audited financial statements for Corporate Tax purposes regardless of its revenue level.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Do UAE Tax Groups require audited financial statements?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Under Ministerial Decision No. 84 of 2025, a Tax Group must prepare and maintain audited special-purpose aggregated financial statements according to the applicable form, procedures, and rules. The underlying members are not automatically required by that specific Tax Group rule to prepare audited standalone financial statements, although another legal requirement may separately apply to them.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"What is the difference between statutory audit and external audit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>A statutory audit is an external audit required by law or another binding requirement. &#8220;External audit&#8221; is a broader term describing an audit performed by an independent external auditor. In practice, a statutory financial statement audit is performed externally.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Is an internal audit enough instead of a statutory audit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>No. Internal audit examines areas such as internal controls, risk management, governance, and operational processes. It does not issue the independent statutory financial statement audit opinion required where an external statutory audit is mandatory.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Does an audit check every transaction?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>No. A financial statement audit is risk-based and uses materiality. Auditors obtain evidence through procedures such as testing selected transactions, analytical procedures, confirmations, inspection, and other methods rather than checking every individual transaction.<\\\/p>\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8a62a4 elementor-widget elementor-widget-text-editor\" data-id=\"c8a62a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Prepare for Your UAE Statutory Audit with Confidence<\/h2>\n<p>Our <strong>statutory audit services in the UAE<\/strong> provide an independent, structured examination of financial statements based on the applicable reporting framework and audit requirements.<\/p>\n<p>Need statutory audit support in the UAE? Contact our team to discuss your company structure, financial year, audit requirements, and financial statements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-350ec74 e-con-full e-flex e-con e-child\" data-id=\"350ec74\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;],&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t<div class=\"elementor-element elementor-element-c9d1d5a e-con-full e-flex e-con e-child\" data-id=\"c9d1d5a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e95ae86 elementor-widget elementor-widget-heading\" data-id=\"e95ae86\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Get In Touch <\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64cc2a8 elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"64cc2a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"New Form\" aria-label=\"New Form\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"2703\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"64cc2a8\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"\" \/>\n\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[name]\" id=\"form-field-name\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Full Name *\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Email Address *\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-tel elementor-field-group elementor-column elementor-field-group-field_c41aeb7 elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t<input size=\"1\" type=\"tel\" name=\"form_fields[field_c41aeb7]\" id=\"form-field-field_c41aeb7\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Phone Number *\" required=\"required\" pattern=\"[0-9()#&amp;+*-=.]+\" title=\"Only numbers and phone characters (#, -, *, etc) are accepted.\">\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-textarea elementor-field-group elementor-column elementor-field-group-message elementor-col-100\">\n\t\t\t\t\t<textarea class=\"elementor-field-textual elementor-field  elementor-size-md\" name=\"form_fields[message]\" id=\"form-field-message\" rows=\"4\" placeholder=\"Message\"><\/textarea>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">GET STARTED<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5c6811c e-con-full e-flex e-con e-child\" data-id=\"5c6811c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-02fceab elementor-widget elementor-widget-heading\" data-id=\"02fceab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Start and Manage your Business in the Gulf with Eighty20<\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-781902b elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"781902b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256c0 136.967-111.033 248-248 248S8 392.967 8 256 119.033 8 256 8s248 111.033 248 248zM227.314 387.314l184-184c6.248-6.248 6.248-16.379 0-22.627l-22.627-22.627c-6.248-6.249-16.379-6.249-22.628 0L216 308.118l-70.059-70.059c-6.248-6.248-16.379-6.248-22.628 0l-22.627 22.627c-6.248 6.248-6.248 16.379 0 22.627l104 104c6.249 6.249 16.379 6.249 22.628.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Business Setup<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256c0 136.967-111.033 248-248 248S8 392.967 8 256 119.033 8 256 8s248 111.033 248 248zM227.314 387.314l184-184c6.248-6.248 6.248-16.379 0-22.627l-22.627-22.627c-6.248-6.249-16.379-6.249-22.628 0L216 308.118l-70.059-70.059c-6.248-6.248-16.379-6.248-22.628 0l-22.627 22.627c-6.248 6.248-6.248 16.379 0 22.627l104 104c6.249 6.249 16.379 6.249 22.628.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Accounting and Bookkeeping<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256c0 136.967-111.033 248-248 248S8 392.967 8 256 119.033 8 256 8s248 111.033 248 248zM227.314 387.314l184-184c6.248-6.248 6.248-16.379 0-22.627l-22.627-22.627c-6.248-6.249-16.379-6.249-22.628 0L216 308.118l-70.059-70.059c-6.248-6.248-16.379-6.248-22.628 0l-22.627 22.627c-6.248 6.248-6.248 16.379 0 22.627l104 104c6.249 6.249 16.379 6.249 22.628.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Tax Consultancy<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256c0 136.967-111.033 248-248 248S8 392.967 8 256 119.033 8 256 8s248 111.033 248 248zM227.314 387.314l184-184c6.248-6.248 6.248-16.379 0-22.627l-22.627-22.627c-6.248-6.249-16.379-6.249-22.628 0L216 308.118l-70.059-70.059c-6.248-6.248-16.379-6.248-22.628 0l-22.627 22.627c-6.248 6.248-6.248 16.379 0 22.627l104 104c6.249 6.249 16.379 6.249 22.628.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Audit and Assurance<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6372e9e elementor-position-inline-start elementor-view-default elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"6372e9e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"25\" viewBox=\"0 0 25 25\" fill=\"none\"><g clip-path=\"url(#clip0_80_142)\"><path d=\"M12.5 0C5.59644 0 0 5.59644 0 12.5C0 19.4036 5.59644 25 12.5 25C19.4036 25 25 19.4036 25 12.5C25 5.59644 19.4036 0 12.5 0ZM8.00781 4.96521C8.26535 4.95002 8.49815 5.10396 8.67463 5.37719L10.3836 8.61815C10.5635 9.00219 10.4613 9.4134 10.1929 9.68779L9.4101 10.4706C9.36179 10.5368 9.33 10.6113 9.32923 10.6933C9.62942 11.8553 10.54 12.9271 11.3434 13.6642C12.1468 14.4013 13.0103 15.3993 14.1312 15.6357C14.2697 15.6743 14.4394 15.6882 14.5386 15.596L15.448 14.6698C15.7619 14.4319 16.216 14.3166 16.5512 14.5111H16.5665L19.6502 16.3315C20.1029 16.6152 20.1498 17.1637 19.8257 17.4973L17.7017 19.6045C17.3881 19.9262 16.9714 20.0343 16.5665 20.0348C14.7759 19.9811 13.084 19.1023 11.6944 18.1992C9.41333 16.5397 7.32098 14.4815 6.0074 11.9949C5.5036 10.9522 4.91179 9.62181 4.96827 8.45798C4.97331 8.02015 5.09177 7.59121 5.4001 7.309L7.52413 5.18498C7.68958 5.04419 7.85327 4.97433 8.00781 4.96521Z\" fill=\"white\"><\/path><\/g><defs><clipPath id=\"clip0_80_142\"><rect width=\"25\" height=\"25\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tNeed to talk\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\t<a href=\"tel:+971 55 435 1884\" style=\"color:white\"> +971 55 435 1884 <\/a>\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home Service At Eighty20, we combine expertise with integrity to deliver reliable business and financial solutions. Our team ensures every service and report adds real value to your business growth. Table of Contents A statutory audit is more than a year-end financial exercise. For many UAE companies, it is a legal or regulatory requirement that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":694,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_joinchat":[],"footnotes":""},"class_list":["post-2703","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages\/2703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/comments?post=2703"}],"version-history":[{"count":3,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages\/2703\/revisions"}],"predecessor-version":[{"id":2716,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages\/2703\/revisions\/2716"}],"up":[{"embeddable":true,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages\/694"}],"wp:attachment":[{"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/media?parent=2703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}