The right starting point
UAE companies, subsidiaries and groups preparing annual financial statements for shareholders, lenders or another named recipient.
Growbox Auditing / EXTERNAL AUDIT
Financial statement audit services in Dubai
An external audit examines financial statements and the supporting evidence under the applicable standards. We define the engagement, reporting basis and information requests before the work begins.
THE PURPOSE
What this engagement is for.
For entities that need an independent audit of annual financial statements for statutory, shareholder, lender or other specified purposes.
An audit opinion depends on the evidence and applicable standards; no particular outcome is promised.
WITHIN SCOPE
What we can review and deliver
- Engagement scope and reporting basis agreed at the outset
- Evidence and accounting-record requests relevant to the audit
- Testing, discussion of significant matters and audit reporting
- Clear communication of outstanding items before completion
A CLEARER BRIEF
Know what this work is for.
We agree the purpose and boundaries before requesting detailed records.
What we need to understand
Who needs the report, for which entity and financial year, and under which reporting framework?
What you can expect
An agreed audit scope and evidence request, followed by an independent auditor’s report when the engagement and evidence support its issue. The opinion is determined by the work performed.
Your next step
Tell us the legal entity, reporting period and intended report recipient. We check acceptance, independence and any recipient-specific requirements before proposing an engagement.
Discuss this serviceHOW THE WORK MOVES
A clear sequence, from first question to next step.
The exact work depends on the agreed engagement. These stages show how the conversation and review are structured.
Scope
The purpose, financial period and reporting framework set the boundary.
Acceptance
Independence and client acceptance are assessed before engagement.
Evidence
Records, confirmations and explanations support audit work.
Review
Significant matters are discussed with management.
Reporting
The final report reflects the evidence and the applicable standards.
THE PRACTICAL QUESTIONS
What we look at, and why.
An independent financial statement audit starts with the report's purpose and intended reader. Those details shape the reporting basis, the evidence request and any authority-specific eligibility checks.
Who will use the report?
Share whether it is for shareholders, a lender, a licensing authority or another named recipient. We check the recipient's stated requirements before agreeing the engagement.
Which period and framework apply?
The financial year, entity structure and applicable reporting framework determine the statements and comparative information to examine.
Where is the supporting evidence?
The ledger, reconciliations and significant transaction records need a clear trail to the amounts in the draft statements.
BEFORE WE BEGIN
The records that bring the question into focus.
A tailored request list follows acceptance. These are useful starting documents, not a universal audit checklist.
- Trade licence and the intended report recipient's requirements
- Draft financial statements, trial balance and general ledger
- Bank reconciliations and schedules for material balances
- Key contracts, invoices and prior-year statements where relevant
OUR APPROACH
Clarity before the work begins.
We agree what is being reviewed, what records are needed and how findings will be discussed. The final scope is confirmed after an initial conversation and acceptance checks.
- 01
Understand the entity and requested reporting purpose
- 02
Confirm independence, acceptance and the audit scope
- 03
Review records, test evidence and discuss findings
- 04
Issue the report appropriate to the engagement
COMMON QUESTIONS
Useful answers before we speak.
Requirements and deliverables depend on the entity and the engagement agreed. These answers are a starting point.
Further reading: Federal Tax Authority: audited financial statements FAQ
Does every UAE business need an audit?
No single rule covers every entity. The requirement can depend on company law, the licensing authority, the report recipient and Corporate Tax status. Confirm the applicable rule for your entity before commissioning a report.
Can a report be guaranteed for a bank or free zone?
No. The intended recipient may require a specific auditor registration, format or reporting basis. We check those requirements before acceptance and cannot promise a third party's decision.
What determines the final audit opinion?
The opinion follows the evidence obtained and the applicable audit and financial-reporting standards. It cannot be selected in advance.
A CONVERSATION IS THE FIRST STEP
Discuss your needsTell us what you need reviewed.
Share the entity, period and purpose. We will discuss a suitable scope and next steps.