Audit Services in UAE
HLB HAMT is dedicated to offering systematic and transparent audits of financial statements together with additional assurance services that provide insightful information about your company. Our team of skilled auditors in the United Arab Emirates provides accurate, thorough, and impartial audits that guarantee adherence to legal and regulatory obligations.
Request a Free Consultation!
Major Reasons to Hire an Audit Firm in UAE
Verification of Internal
Protecting your assets and fostering financial transparency through internal control audits.
Proficiency and Knowledge
Our auditors bring years of experience and a passion for keeping up with industry trends to every audit
Compliance with Standards
We operate in strict accordance with existing governmental regulations, upholding the highest standards.
Approved Auditors
DMCC Approved Auditors
JAFZA Approved auditors
DAFZA Approved auditors
HOA Approved Auditors
Adnoc ICV Auditors
RAKEZ Approved
Auditors
RERA Approved
Auditors
SAIF Approved Auditors
Schedule a Call Back
Schedule a consultation today and take the first step towards your goals.
25 Years of Achievement!
HLB HAMT Chartered Accountants proudly celebrates 25 years of unwavering excellence. With a team of 14 partners, over 230 dedicated staff members, and a clientele of 3000+ served across 9 offices, HLB HAMT stands prominently, ranked #7 in the UAE and #10 globally by the IASB. Our journey is defined by our pioneering embrace of cutting-edge information technology, steadfast commitment to exceptional HR policies, advocacy for positive societal and environmental change, and the nurturing of local talent, with seven Emirati Nationals at the core of our team.
Our Extensive Audit Services in UAE
In-depth examination of financial statements to assure their reliability and credibility
Crafting accurate and consolidated financial statements to empower your business decisions.
Empowering businesses to navigate ICV program requirements in the UAE.
Ensuring seamless IFRS adherence with the help of seasoned professionals
Harnessing the power of data analytics to transform financial data into actionable insights
Enhancing the financial well-being of homeowner’s associations through tailored audits.
How a Robust Audit System Empowers Businesses in UAE
Empowering the Pursuit of Business Goals
An effective audit system serves as a powerful tool for companies seeking to achieve their strategic objectives. It establishes a robust framework of internal controls that safeguards assets, ensures accurate financial reporting, and promotes operational efficiency.
Safeguarding Integrity and Preventing Fraud
The audit process serves as a vigilant guardian against fraud and financial improprieties. Through rigorous scrutiny of business operations and implementation of strong internal controls, auditors act as a barrier against fraudulent activities and accounting irregularities.
Navigating Financial Misstatements Through Audits
An effective audit system is paramount for producing reliable financial reports that serve as the bedrock for sound internal and external decision-making.This risk-based approach enables businesses to navigate financial challenges with confidence.
Schedule a Call Back
Schedule a consultation today and take the first step towards your goals.
Significance of Conducting an Audit
Enhance Business Reputation
A clean audit report can solidify a company's standing within the industry and among stakeholders, fostering
trust and enhancing its overall reputation.
Due Diligence
Audits provide a comprehensive assessment of a company's financial health, serving as a valuable tool for potential investors or acquirers during the due diligence process.
Reassess Compliance
Audits help businesses identify and address any potential compliance
issues, ensuring adherence to
a wide range of regulatory
requirements.
Management Confidence
Positive audit findings reinforce management's trust in the accuracy and reliability of the company's
financial
Ensure Effective Operations
Audits pinpoint areas for improvement in financial processes and controls, promoting operational efficiency and effectiveness.
Audit Related blogs
Explore our blog section, a valuable resource offering a wealth of information, on topics relevant to your business growth
Selecting the Right Company for Audit and Assurance Services in Dubai
Assessing Your Digital Quotient: Evaluating Skills and Strategies for a Digital Future
Understanding Audit Services in the UAE: A Comprehensive Guide
Schedule a Call Back
Schedule a consultation today and take the first step towards your goals.
FAQ
Explore some of the frequently asked questions about Audit services in the UAE.
What is the financial year followed in UAE for auditing the financial statements?
The UAE government prescribes no specific financial year. The financial year should be 12 months and acceptable for up to 18 months for the first financial year (newly formed companies). Most entities follow January to December (The calendar year) except for subsidiary companies that match the Parent Company’s financial year outside UAE.
Is there a requirement to submit the audited financial statements to the regulators in UAE?
- Listed companies must submit the audited yearly financial statements to the respective stock exchanges in UAE before March 31st
- Central Bank-regulated entities like banks, financial institutions, and exchange houses should submit audited yearly financial statements before March 31st.
- Insurance companies, and brokers under the Central bank’s purview, must submit their audited financial statements within four months.
- As per their regulation, free zone authorities require entities to submit their yearly audited financial statements to the regulators, generally three or six months at the end of the financial year.
- Hotels operating in UAE must submit the yearly financial statements to Tourism Department within six months of the financial year.
- Foreign companies’ branches must submit yearly financial statements when renewing their commercial license.
Are Audits Required for DMCC Companies?
Yes, auditing is required for all member companies of the Dubai Multi Commodity Centre (DMCC). Each DMCC firm is required to select an auditor in line with DMCC company regulations and also make sure the auditor is included on the Certified Auditors List and enrolled with DMCC as an authorized auditor.
When is the submission deadline for audited financials in DMCC?
Within 180 days following the end of the fiscal year, each DMCC company is required to post its audited financial statements and financial statements summary sheet to the DMCC website. The authority can extend this term in some circumstances. The DMCC authorities have the right to ask for further paperwork at any time, besides asking for the originals when it comes time for an examination.