Audit & Assurance Services
Financial Credibility and Regulatory Confidence
In today’s transparent business environment, financial statements are more than a historical record. They are a primary instrument of trust for banks, investors, regulators, and other stakeholders. Whether required by UAE law, Free Zone authorities, or financial institutions, independent audit and assurance services in the UAE provide confidence that financial information can be relied upon.
At Exceed Tax and Accounting Advisory, we provide Audit & Assurance Services in the UAE in collaboration with our licensed and independent audit partner, in full compliance with International Standards on Auditing (ISA) and applicable UAE regulatory requirements. This structure allows us to deliver independent audit services in the UAE with rigorous quality while preserving professional independence and regulatory integrity.
Statutory Audit
The highest level of independent assurance
A Statutory Audit in the UAE provides reasonable assurance that financial statements are free from material misstatement and prepared in accordance with the applicable financial reporting framework. Statutory audits are commonly required for mainland LLCs, Free Zone entities, and businesses seeking or maintaining bank financing.
Audit Delivery Model
Statutory audits are performed by our independent, licensed audit partner, with whom we work closely throughout the engagement. The audit opinion is issued by the appointed audit firm in accordance with professional, ethical, and regulatory requirements.
Audit Approach
We ensure a risk-based audit methodology is applied, directing audit effort toward areas of higher financial, compliance, and operational risk. This enhances audit quality while minimizing unnecessary disruption to business operations.
Scope and Deliverables
-
Standards: Audits conducted in accordance with International Standards on Auditing (ISA).
-
Procedures: Examination of accounting records, supporting documentation, and third-party confirmations.
-
Assessment: Evaluation of accounting policies, estimates, and disclosure adequacy.
-
Outcome: Issuance of an Independent Auditor’s Report expressing an opinion on whether the financial statements present a true and fair view.
Why It Matters
-
Satisfies statutory and Free Zone regulatory requirements
-
Forms a reliable foundation for Corporate Tax calculations and filings
-
Required by banks for credit facilities, renewals, and covenant compliance
-
Enhances confidence for shareholders, investors, and regulators
-
Provides verified financial data management can rely on for budgeting, forecasting, and valuation
Management Insights & Control Observations
As part of our assurance coordination and engagement oversight, we identify matters relevant to financial reporting quality and internal controls. Where appropriate, management observations are issued, highlighting:
-
Control weaknesses and process inefficiencies
-
Financial reporting risks
-
Opportunities to strengthen governance and discipline
Our focus is constructive, supporting improvement while fully preserving auditor independence.
Review Engagements
Independent comfort where a statutory audit is not required
Review engagements provide limited assurance through analytical procedures and management inquiries and are conducted in accordance with ISRE 2400. Where required, these engagements are also performed through our independent audit partner to ensure compliance with professional standards
Scope and Deliverables
-
Methodology: Analytical review and structured discussions with management
-
Outcome: Issuance of a formal conclusion stating whether anything has come to attention indicating material misstatement
Common Applications
-
Interim or non-statutory financial reporting
-
Internal governance and shareholder reporting
-
Lender or investor comfort where a full audit is not mandated
Why Business Leaders Choose Exceed Tax and Accounting Advisory
Clients rely on our external audit and assurance services in the UAE because we deliver:
-
Independence & Professional Integrity: engagements executed through licensed audit partners in full compliance with international and local standards
-
Strong Engagement Oversight: active involvement in planning, risk assessment, and quality management throughout the audit process
-
Regulatory Awareness: financial reporting reviewed with a clear understanding of UAE regulatory and tax requirements
-
Clear, Credible Reporting: assurance outputs relied upon by banks, Free Zone authorities, and regulators
Our objective is not simply to facilitate audits, but to ensure the assurance process delivers confidence, clarity, and governance value.
