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Licensed Audit Services for Compliant Businesses
A statutory audit UAE is more than a legal requirement. It gives business owners,
shareholders, banks, free zone authorities, and regulators confidence that your financial
statements are accurate, complete, and compliant. For companies operating in Dubai and across the UAE, a timely statutory audit helps reduce compliance risk, improve governance,
and support better business decisions.
RKA Global Chartered Accountants LLC provides statutory audit services for UAE businesses with a focus on practical reporting, regulatory compliance, and commercial
value. The firm has been present in the UAE since 2019 and is supported by a wider
professional legacy established in India in 1994.
Statutory Audit UAE Process
At RKA Global Chartered Accountants LLC, the statutory audit UAE process is structured,
clear, and business-focused.
Initial Audit Planning
The audit starts with understanding your business, industry, structure, accounting system, revenue model, and reporting obligations. This helps define audit scope, timelines, documentation needs, and risk areas.
Document Collection
Your team provides key documents such as trial balance, ledgers, bank statements, invoices, contracts, VAT records, payroll details, inventory reports, fixed asset records, and previous financial statements.
Risk Assessment
The audit team identifies areas with higher risk of misstatement, weak controls, missing documentation, or non-compliance. RKA Global’s audit approach includes risk assessment and internal control review as part of its assurance services.
Audit Testing and Verification
The auditor tests samples, verifies balances, checks supporting documents, reviews reconciliations, and confirms whether financial statements are prepared in line with applicable accounting standards.
Financial Statement Review
Draft financial statements are reviewed for accuracy, presentation, disclosures, and consistency. Adjustments are discussed with management before finalization.
Audit Report Issuance
The audit team identifies areas with higher risk of misstatement, weak controls, missing documentation, or non-compliance. RKA Global’s audit approach includes risk assessment and internal control review as part of its assurance services.
Common Statutory Audit UAE Challenges
Many businesses delay audit preparation until the deadline approaches. This often leads to missing documents, unreconciled accounts, unexplained balances, and last-minute corrections.
Common challenges include:
● Incomplete bookkeeping
● Missing invoices or expense records
● Bank reconciliation issues
● Incorrect VAT treatment
● Poor inventory records
● Related-party transaction gaps
● Weak internal controls
● Delayed financial closing
● Inconsistent accounting policies
● Lack of IFRS-aligned reporting
How RKA Global Helps with Statutory Audit UAE
Compliance & Growth
RKA Global Chartered Accountants LLC supports UAE businesses with statutory audit, internal audit, tax advisory, compliance and assurance services, outsourced accounting, and management consultancy. The firm’s audit and assurance services include statutory audit, internal audit, inventory audit, SOP audit, forensic investigation, agreed-upon procedures, due diligence reviews, business risk identification, and internal control review.
RKA Global helps businesses by:
● Planning the audit early and clearly
● Reviewing records before audit fieldwork
● Identifying control weaknesses
● Supporting IFRS-aligned financial reporting
● Helping management understand audit findings
● Coordinating with internal finance teams
● Providing practical recommendations, not just compliance reports
RKA Global also supports businesses with detailed fraud investigation reports to identify suspicious transactions, financial irregularities, weak internal controls, and potential compliance risks.
Statutory Audit UAE Checklist
● Updated trial balance
● General ledger
● Bank statements and reconciliations
● Sales and purchase invoices
● VAT returns and tax records
● Payroll records
● Fixed asset register
● Inventory reports
● Loan and bank facility documents
● Lease agreements
● Related-party transaction details
● Trade receivable and payable ageing
● Previous audit report, if available
● Management explanations for major variances
Statutory Audit UAE
A statutory audit UAE gives your business more than a signed report. It strengthens financial discipline, improves stakeholder confidence, supports compliance, and helps management make better decisions.
With UAE experience, licensed audit capability, and a strong professional network, RKA Global Chartered Accountants LLC helps businesses complete statutory audits with clarity, accuracy, and practical value.