Audit Services in the UAE
External and Statutory Audits for Full Financial Transparency
External auditing has never been so strategically important for businesses looking to grow and thrive in the UAE. Not only are external audit reports relied upon by potential investors, banks, licensing authorities and other stakeholders, but they are now mandatory for most UAE-registered companies seeking to establish fiscal transparency or benefit from potential corporate tax exemptions.
Most significantly, companies that fail to apply for tax exemptions in the first year of Corporate Tax registration will be unable to apply again for five years – losing both fiscal advantages and competitive positioning.
Strengthening Compliance with UAE Corporate Tax Requirements
With the sharpened focus on producing accurate, independent audit reports aligned with international best practice, our partner firm RAA Auditing helps businesses:
- Maintain competitive advantage
- Optimise operational efficiency
- Strengthen compliance with UAE regulatory frameworks
- Maximise opportunities for financing, investment and regional growth
Why Partner with Re/think for Audit Services?
Through our collaboration with RAA Auditing, we ensure that your organisation meets all statutory audit requirements while supporting broader financial and operational objectives across the UAE.
Talk to us about how we can help you
External and Statutory Audits FAQs
Are external audits mandatory in the UAE?
Yes. Most UAE companies are now required to conduct an annual external audit to comply with regulatory requirements, maintain financial transparency and support applications for banking, licensing or corporate tax exemptions.
What is the difference between a statutory audit and an external audit?
A statutory audit is the legally required annual audit for UAE companies, while an external audit refers to any independent financial review performed by a certified audit firm. In practice, statutory audits are a type of external audit.
Can an audit help with UAE Corporate Tax compliance?
Yes. Accurate and professionally prepared audit reports play a critical role in demonstrating compliance and can support eligibility for certain corporate tax exemptions when submitted within required timelines.
What documents are needed for an external audit in the UAE?
Typical audit documentation includes financial statements, bank statements, invoices, expense records, contracts and corporate governance documents. Requirements vary depending on business type and structure.
Resources & News
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A trusted partner strengthening your commercial offering in the UAE
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Years operating in the UAE
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Authorisations in the ADGM and DIFC
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Compliance Officer mandates
as of May 2025
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Finance Officer mandates
as of May 2025
