External Audit Services in Dubai & UAE

Validate Financial Truth. Secure Regulatory Standing.

G12 delivers independent External Audit Services to verify financial accuracy and ensure strict compliance with UAE Corporate Tax, IFRS, and Federal Decree-Law No. 32 of 2021. We provide the statutory assurance required by government authorities, banks, and stakeholders.

The Necessity of External Audits

Why External Auditing is Mandatory for UAE Business

Financial transparency is a statutory obligation in the UAE. Under the UAE Commercial Companies Law and strict Corporate Tax regulations, businesses must maintain audited financial statements to prove their taxable income is accurate. Failure to present audited accounts can result in license non-renewal, banking freezes, and heavy FTA penalties.
G12 acts as your independent auditor. We examine your financial records to express an opinion on their fairness and accuracy. This validation is not just a legal requirement; it is the primary document banks and investors rely on to assess your company’s creditworthiness and stability.

Core Objectives:

Statutory Compliance: Adhere strictly to Ministerial Decisions regarding annual financial reporting.
Tax Verification: Validate revenue and expense recognition to support accurate Corporate Tax returns.
Financial Accuracy: Confirm that balance sheets and income statements are free from material misstatement.

Our External Audit Methodology

Risk-Based Audit Approach

G12 conducts audits in accordance with International Standards on Auditing (ISA). We focus our resources on high-risk financial areas to deliver an efficient audit process that minimizes disruption to your business.

1. Engagement & Risk Assessment

We analyze your industry, business model, and internal control environment to identify areas with the highest risk of material misstatement. This allows us to design a focused audit plan.

2. Control Evaluation

Our team assesses the design and implementation of your internal financial controls. We determine if your systems are capable of preventing or detecting errors in financial reporting.

3. Substantive Testing & Verification

We gather audit evidence through physical verification of assets, third-party confirmations (banks/customers), and detailed testing of transactions to ensure figures match reality.

4. Audit Opinion & Reporting

We issue an Independent Auditor’s Report expressing our opinion on your financial statements. We also provide a Management Letter highlighting any control deficiencies found during the process.

4. Follow-Up Audits

Reporting is useless without rectification. We conduct follow-up reviews to verify that management has implemented the agreed-upon remediation plans effectively.

Audit Completed

Consultation

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Financial Experts

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4. Liquidation Audit

When closing a business, authorities require a final liquidation audit report. We verify that all liabilities are settled and assets distributed, issuing the report necessary to obtain the final deregistration certificate.

Scope of Services

Approved Audit Solutions

G12 is a government-approved audit firm authorized to serve entities across Mainland Dubai and all major Free Zones.

1. Mainland Statutory Audit

We conduct mandatory annual audits for Mainland LLCs and corporations. This is critical for companies with revenue exceeding AED 50 million to comply with the Corporate Tax Law.

2. Free Zone Audit

We are approved auditors for major Free Zones, including DMCC, JAFZA, DAFZA, IFZA, and DSO. We ensure your financial reports meet the specific submission deadlines and formats required by each Authority for license renewal.

3. Corporate Tax Audit Support

Taxable income is derived from audited financial statements. We review your financials to ensure they align with Federal Decree-Law No. 47, ensuring that non-deductible expenses and exempt income are correctly classified before tax filing.

Key Benefits

The G12 Advantage

Engaging G12 ensures your financial statements hold weight with regulators and financial institutions.

Secure Your Financial

Credibility

Unverified financial statements are a risk to your reputation and legal standing. Partner with G12 to ensure your accounts are accurate, compliant, and ready for scrutiny by any government body. Contact our Audit Team today.

Frequently Asked Questions

Which companies in the UAE are required to have an external audit?

External audits are mandatory for all Qualifying Free Zone Persons (QFZPs) claiming 0% tax, Mainland companies with revenue over AED 50 million, and all companies listed in Free Zones like DMCC and JAFZA. Banks also mandate audits for any company holding a credit facility.

What is the deadline for submitting audited financial statements?

Deadlines vary by jurisdiction. For example, DMCC companies must submit audited financials within 90 days of the financial year-end. For Corporate Tax purposes, financial statements must be retained for seven years and presented upon FTA request.

Can G12 handle audits for both Mainland and Free Zone companies?

Yes. G12 is a registered audit firm in the UAE, fully authorized to conduct audits for Mainland LLCs and approved by major Free Zone authorities, including JAFZA, DAFZA, and DMCC.

How does an external audit affect my Corporate Tax filing?

Your Corporate Tax Return is based on your financial statements. If your financials are not audited and verified, errors in taxable income calculation can lead to significant tax penalties. An external audit validates the figures you submit to the FTA.

What documents are required for an external audit?

We typically require your Trial Balance, General Ledger, Bank Statements, Invoices (Sales/Purchase), Asset Register, and details of any loans or leases. We also review Board Minutes and legal contracts.

VAT

Audit

Corporate Tax

International Tax

Customs

Compliance

Validate Financial Truth. Secure Regulatory Standing.

The Necessity of External Audits

Why External Auditing is Mandatory for UAE Business

Core Objectives:

Our External Audit Methodology

Risk-Based Audit Approach

1. Engagement & Risk Assessment

2. Control Evaluation

3. Substantive Testing & Verification

4. Audit Opinion & Reporting

4. Follow-Up Audits

4. Liquidation Audit

Scope of Services

Approved Audit Solutions

1. Mainland Statutory Audit

2. Free Zone Audit

3. Corporate Tax Audit Support

Key Benefits

The G12 Advantage

Avoid Regulatory Fines:

Banking & Credit Access:

Stakeholder Confidence:

Fraud Detection:

Secure Your Financial

Credibility

Frequently Asked Questions

Validate Financial Truth. Secure Regulatory Standing.

The Necessity of External Audits

Why External Auditing is Mandatory for UAE Business

Core Objectives:

Our External Audit Methodology

Risk-Based Audit Approach

1. Engagement & Risk Assessment

2. Control Evaluation

3. Substantive Testing & Verification

4. Audit Opinion & Reporting

4. Follow-Up Audits

4. Liquidation Audit

Scope of Services

Approved Audit Solutions

1. Mainland Statutory Audit

2. Free Zone Audit

3. Corporate Tax Audit Support

Key Benefits

The G12 Advantage

Avoid Regulatory Fines:

Banking & Credit Access:

Stakeholder Confidence:

Fraud Detection:

Secure Your Financial

Credibility

Frequently Asked Questions

Stay compliant from day one.

We handle the numbers - you build the business.

We handle the numbers -
you build the business.