Audit Services In Dubai

Audit Services In Dubai

Auditors and auditing firms play a crucial role in the global business market, ensuring the credibility of transactions and fostering trust among business partners. This importance becomes more evident in international business dealings, where auditors assure the reliability of the businesses involved. In the thriving business landscape of the United Arab Emirates (UAE), particularly in Dubai, numerous audit firms contribute to the region's popularity as a preferred business destination.

This article aims to shed light on the best audit firms in Dubai, emphasizing their significance for business owners in the UAE. Covering the basics of audit services, their operational aspects, and the benefits they offer to businesses, the article also touches upon the legal requirements for auditing in the UAE. Additionally, it provides practical tips for selecting the right audit firm tailored to a business's specific needs.

Also Read: Top Accounting Service Providers In Dubai

What does the term "audit service" refer to?

An audit service is a professional examination and assessment of a business's financial statements, records, and processes conducted by an independent auditor. The primary objective of an audit is to ensure the accuracy, reliability, and compliance of the financial information presented by a company. This thorough review helps stakeholders, including investors, regulators, and management, gain confidence in the financial health and integrity of the business.

Audits can be carried out either internally, by the company's staff (internal auditing), or externally, by a certified audit services firm (external auditing), depending on the size and complexity of the business. The process involves a systematic and objective analysis of financial data to verify its consistency with accounting standards and regulations, identifying any discrepancies or irregularities that may require correction or clarification.

Types of Audit Services

Internal Audit: This audit takes place within the organization, initiated by the business owner, and carried out by someone other than the owner. It is commonly employed by businesses with shareholders or board members to stay informed about the company's finances.

Benefits of Internal Audits:

  • Identify business risks associated with your daily operations
  • Check and verify the business’ financial data
  • Improve the overall performance of your business, its procedures, and operations
  • Ensure your organization’s compliance is up to date
  • Help facilitate an easy external audit process

External Audit: In Dubai, companies must undergo regular external audits, mandated at various points in their lifespan. Shareholders enlist an impartial external auditor to provide an objective and accurate evaluation of the company's financial condition.

Once the audit is complete, the external auditors compile an audit report, summarizing the examination process, highlighting any issues, and offering recommendations for the future. This report serves as a condensed overview of the company's financial well-being, providing valuable insights to stakeholders.

Benefits of External Audits:

  • Ensure adherence to the GAAP and IFRS compliance standards
  • Deliver impartial, precise reporting conducted by experienced and qualified auditing professionals
  • Assist with financial anomalies that arise due to internal auditing
  • Add a layer of credibility and quality assurance to the business

Audit Services

Financial Audit: Financial audits are a prevalent form of auditing, typically conducted externally. In these audits, the focus is on evaluating the integrity and precision of a business's financial statements. The auditor scrutinizes transactions, procedures, and balances to ensure accuracy. Subsequent to the audit, a third-party auditor issues an audit opinion, summarizing their assessment of the business's financial standing. This opinion is then communicated to investors, creditors, and lenders.

Benefits of Financial Audits:

  • Assurance of financial statement accuracy
  • Validation of transactions and adherence to procedures
  • Identification and mitigation of financial risks
  • Instills confidence in stakeholders
  • Verification of compliance with financial regulations
  • Transparent communication tool for investors and stakeholders

Tax Audit: Businesses face the prospect of a tax audit by Tax Authorities, necessitating thorough preparation. During a tax audit, the Tax Authorities scrutinize accounting records, bookkeeping, and VAT return filings to assess the accuracy of tax liabilities. This process involves an in-depth analysis of a company's goals, planning approaches, procedures, and operational outcomes regarding tax compliance, covering VAT, Excise tax, and Corporate tax.

Benefits of Tax Audit:

  • Liability verification for accurate tax assessment
  • Comprehensive analysis of tax-related aspects
  • Identification of areas for improved tax planning
  • Ensures operational compliance with VAT, Excise tax, and Corporate tax
  • Mitigates potential risks associated with tax compliance
  • Guarantees adherence to legal regulations governing various taxes

DMCC Audit: The DMCC (Dubai Multi Commodities Centre) audit serves as a crucial examination of a business's policies and procedures to ensure alignment with both internal and external standards. Companies operating within the DMCC are mandated to submit their audited annual financial accounts to DMCC authorities, and this process is carried out by a DMCC-approved auditor. Our adept team of auditors specializes in analyzing the financial accounts of DMCC Free Zone Companies, meticulously verifying financial statements with the support of relevant documents.

Benefits of DMCC Audit:

  • Adherence to established policies and procedures
  • Verification of compliance with DMCC standards
  • Mandatory submission of audited annual financial accounts
  • Utilization of DMCC-approved auditors
  • Comprehensive analysis of company accounts
  • Rigorous verification of financial statements with supporting documents

IT Audit: IT audits wield significant influence, particularly in software and IT companies. Focused on software development, data processing, and computer systems, these audits play a pivotal role in identifying issues and ensuring the accuracy of information. Additionally, IT audits are instrumental in safeguarding data access and preventing unauthorized parties from compromising security. IT audit services extend to financial statements, aligning with established IT policies and methodologies.

Benefits of IT Audit:

  • Pinpoints and addresses issues
  • Ensures accuracy of information
  • Safeguards data access
  • Aligns with IT policies
  • Enhances overall system and data security
  • Contributes to reliable financial statements through comprehensive evaluation
  • Compliance Standards: Audits must adhere to International Financial Reporting Standards (IFRS).
  • Reporting Deadline: Results of the audit must be submitted to the UAE Ministry of Economy within six months after the financial year ends.
  • Record-keeping Requirement: In Dubai and the UAE, businesses are generally obligated to maintain financial and company records for a minimum of 5 years.
  • Simplified Auditing: Compliance with the record-keeping requirement facilitates the auditing process for businesses in Dubai and the UAE.

Is auditing compulsory for every business operating in Dubai?

Certainly, the necessity for auditing in the UAE has nuances. According to the UAE Commercial Companies Law, businesses are mandated to engage professional auditors for the assessment and audit of their financial records. These auditors must be registered with the Ministry of Economy in the UAE, making auditing technically obligatory for companies situated on the UAE mainland.

However, intriguingly, while the law specifies the requirement for auditing in UAE and Dubai businesses, it does not rigorously enforce the submission of audit reports. In simpler terms, external auditing is mandated, but the submission of a report may not always be strictly enforced or monitored.

It's noteworthy that there are certain free zones where the compulsory submission of audited financial statements is not obligatory.

Some of these include:

  • Dubai Multi Commodities Centre (DMCC)
  • Dubai Airport Free Zone (DAFZA)
  • Dubai World Central (DWC)
  • Jebel Ali Free Zone (JAFZA)
  • Dubai International Financial Center (DIFC)
  • Dubai Silicon Oasis (DSO)
  • Fujairah Creative City Free Zone

Foreign companies must also submit their audited reports every year

What Should I Look for When Choosing an Audit Firm?

In Dubai, numerous well-established audit firms provide auditing services to businesses throughout the UAE. These firms typically boast a team of skilled accountants and auditors with significant experience in conducting audits under IFRS rules.

When deciding on an audit firm, it's crucial to weigh several factors to ensure the receipt of proficient and expert audit services in Dubai. Evaluating the firm's track record in auditing businesses in the UAE, understanding their audit fees, and assessing their overall reputation are key considerations. Additionally, seeking references from other business owners who have utilized the audit firm's services can provide valuable insights.

Ultimately, the ideal audit firm for conducting an external audit of your Dubai-based business should have qualified professional auditors who possess a thorough understanding of your business structure and culture.

Leading Audit Firms in Dubai

Identifying the top audit firms in Dubai can be challenging, but with thorough research, locating a firm that provides excellent financial services is achievable. Opting for a reasonably priced yet reliable and reputable audit firm can greatly benefit your business. The following list provides insights into some of the leading accounting and audit firms in Dubai, aiding you in managing your accounts and finances effectively.

CDA Audit 

CDA Accounting and Bookkeeping LLC is a distinguished audit firm in Dubai, functioning under its parent company, Charles & Darwish Associates. With separate units for accounting and auditing—CDA Accounting and CDA Chartered Accountants, respectively—the company is known for delivering high-quality financial, auditing, and business consulting services. Renowned for ensuring optimal profitability, CDA Audit, staffed by experienced chartered accountants in Dubai, is committed to providing top-notch financial services.

"I really like and appreciate their level of expertise and promptness in all financial requirements. They provide a smooth flow of work making the accounting and audit compliance’s easier and efficient."

says a client of CDA Accounting and Bookkeeping LLC

  • Address: 25th floor, Citadel Tower - Business Bay
  • Contact: +971 4 261 0089

Bens Chartered Accountants

Bens Chartered Accountants, a rapidly growing auditing firm in Dubai, has evolved as a key player by integrating independent professional firms from London, Islamabad, and Dubai. The company offers a diverse range of services, including CFO services, Corporate Tax, VAT Advisory, Accounting & Bookkeeping Services, Internal & External Audit, and more.

  • Address: Office 1302, Opal Tower - Marasi Dr - Business Bay
  • Contact:  +971 52 861 9076

Quantum Auditing

Quantum Auditing, recognized as one of the premier auditing firms in Dubai, excels in delivering superior expertise and value to clients. The firm aims to empower businesses for success by enhancing adaptability and efficiency in a competitive market.

  • Address: 404 A-02 Level 4 Gulf Towers, Oud Metha Road
  • Contact: +971 55 414 5900


Deloitte, a highly regarded auditing firm in Dubai, holds a global leadership position in risk advisory, auditing, consulting, financial advisory, and related services. Operating across more than 150 countries and territories, collectively known as the 'Deloitte organization,' it serves a significant portion of Fortune Global 500® companies. Deloitte provides various audit services, including statutory audits, operational audits, compliance audits, and diverse financial services tailored to different sectors.

  • Address: Emaar Square, Building 2Downtown 
  • Contact: +971 (0) 4 376 8888

AA Consultancy

AA Consultancy, an acclaimed cluster of accounting and auditing companies based in Dubai, has earned recognition as an award-winning entity. Renowned as one of the top auditing firms in Dubai, AA Consultancy specializes in providing comprehensive solutions for the successful establishment and operation of business organizations in the United Arab Emirates.

"A&A Associates exceeded my expectations in helping me with company formation in Dubai. Their team's professionalism and commitment to customer satisfaction are impressive. They took care of all the paperwork, making the process hassle-free. I highly recommend their services."

says a client of A&A Associates

  • Address: Rolex Tower - Dubai Sheikh Zayed Road
  • Contact:  +971 56 408 6728

Reyson Badger

Reyson Bedger stands out as a prominent and highly regarded auditing and accounting firm in Dubai, UAE. With a cohesive team of skilled professionals specializing in auditing and accounting, Reyson Bedger is known for delivering top-notch services. The company has established a strong presence in the UAE, particularly in Dubai. Renowned for its team of pioneering auditing experts, Reyson Bedger excels in offering high-quality management and accounting solutions to its clients.

  • Address: Tamani Arts Tower - 15th Floor - Al Asayel St - Business Bay
  • Contact:  +971 55 487 4391


PKF UAE stands as a prominent auditing firm in Dubai, boasting a global network of accounting firms. With 220 members operating across more than five regions and spanning approximately 150 countries, PKF UAE represents a substantial international presence. The company, supported by over 20,000 professionals globally under the PKF brand, emphasizes a common understanding and consistent commitment among its firms, offering a reliable promise to its clients.

“We have an association of more than 25 years with PKF Chartered Accountants in the United Arab Emirates. We have been working with PKF since inception and have enjoyed its wonderful services over the period of our association. We appreciate the efforts put in by the entire PKF team to maintain a warm, helpful and yet professional relationship over the years.”

says a client of PKF UAE

  • Address: Rolex Tower, Level 18, Sheikh Zayed Road
  • Contact: +971 (4) – 3888900 

Grant Thornton

Grant Thornton LLP, a key member of Grant Thornton International, ranks among the world's top and seventh-largest accounting networks based on total fee income. With a significant presence in Dubai and throughout the UAE, Grant Thornton LLP is recognized as the sixth-largest consulting and accounting firm in the United States.

  • Address: The Offices 5, Level 3, Office 303, One Central, DWTC
  • Contact: +971 (4) 388 9925

Hallmark Auditors

Hallmark Auditors, recognized as one of the top auditing firms in Dubai, also operates with an office in London, United Kingdom. Positioned in the global business hub, Hallmark Auditors stands out for its exceptional customer service, commitment to quality, and customer-centric approach. These attributes have solidified its presence in both the UK and Dubai.

"I have had the privilege of collaborating with Hallmark International Auditors for several years now and the experience has been nothing short of exceptional. From the onset, their team displayed unparalleled expertise in the auditing domain.
They maintain the highest standards of integrity, combined with a proactive approach. it's about building a longstanding relationship rooted in trust and mutual growth."

says a client of Hallmark International Auditors

  • Address: Office 312, RKM Building, Al Ittihad Road, Dubai
  • Contact: +971 4 259 9055

Xact Auditing

Xact Auditing stands out as a highly experienced and firmly established audit firm in Dubai, UAE, with a rich history spanning over 25 years. Specializing in audit services, VAT services, excise tax services, accounting services, and tax advisory services, Xact Auditing offers comprehensive financial solutions. The company takes pride in providing all-encompassing financial services under one roof for the convenience of its clients.

  • Address:  Boulevard Plaza, Tower 1 - Level 14 - Sheikh Mohammed bin Rashid
  • Contact: +971 56 733 9818

In the UAE, you've got plenty of options when it comes to audit companies. Take the time to check out each one before deciding. Consider things like their experience, skills, and what other customers think about them. Making sure the company suits your needs is what matters.

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