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Auditing Services

Statutory Audit

When the law or your licensing authority mandates an audit, the requirement is specific: framework, format and deadline. We deliver to that requirement, with licensed partners.

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Statutory audits are those a business must have: under UAE company law for certain entities, under free zone regulations tied to licence renewal, under the corporate tax regime for mandated categories, or under sector regulation. Each authority prescribes its own deadline and submission format, and missing them has licence and penalty consequences.

Taxspire manages statutory audit engagements to the specific requirement: we confirm exactly what your authority demands, prepare IFRS financial statements and the audit file, coordinate the licensed auditor’s fieldwork, and ensure the signed report reaches the authority in the required form before the deadline.

Who it’s for

Who needs this

Free zone companies with audit-linked licence renewals
Mainland entities subject to audit under company law or their MOA
Businesses in corporate tax categories requiring audited financials
Regulated-sector entities with authority-specific audit rules
Challenges

Problems this solves

Licence renewal dates approaching with no audit started
Confusion over which framework and format the authority expects
Auditors rejecting engagement because records aren’t audit-ready
Penalties or licence conditions from previously missed filings
Our scope

What Taxspire provides

01

Confirmation of your exact statutory requirement and deadline

02

IFRS financial statement preparation

03

Audit file preparation and remediation of blockers

04

Licensed auditor engagement and fieldwork coordination

05

Submission of the signed report in the authority’s required format

The process

How it works

Step 01

Requirement check

We verify the mandate: authority, framework, deadline, format.

Step 02

Preparation

Statements and audit file made ready; gaps fixed first.

Step 03

Audit

Licensed partner fieldwork, managed by us day to day.

Step 04

Submission

Signed report filed with the authority, confirmation retained.

What we’ll need from you

Trade licence and authority correspondence on the requirement
Full accounting records for the statutory period
Prior year audited statements
Statutory registers and corporate documents
Bank confirmations and material agreements

Expected timeline

Driven by your authority’s deadline. A prepared engagement completes in 3–6 weeks; we build the schedule backwards from the submission date with margin for review rounds.

Timelines depend on document readiness and authority processing; we confirm a schedule before work begins.

Why us

Why choose Taxspire

Clear advice, no jargon

Every recommendation comes in plain language with the reasoning attached — you decide from understanding, not trust alone.

Responsive communication

A named team, a direct line, and answers within one business day. You will never chase us for your own numbers.

Experienced specialists

A 50-person team across tax, accounting, audit and compliance — depth in each discipline, one point of contact for you.

Reliable turnaround

Deadlines are planned backwards with margin. Filings go in before due dates, not on them.

FAQ

Frequently asked questions

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Free, no-obligation. We’ll confirm exactly what applies to your business and what it costs.