Your trade license sets out what your business is authorised to do. But as companies grow, new services, revenue streams and opportunities often emerge that were never contemplated when the original license was issued.
Over time, a gap can develop between a company’s licensed activity and its operating activity. Most businesses don’t think about that gap until it surfaces during a bank review, audit, regulatory inspection or contract dispute. By then, what looks like a simple licensing issue can carry much wider legal, regulatory and commercial implications.
In some cases, the activity may not just sit outside the scope of the license. It may constitute a regulated activity requiring separate approval altogether.
The key takeaway? Licensed activity and operating activity should tell the same story.
Does your revenue reflect what your license allows, or is there a compliance gap waiting to be discovered?
How can we help
At RAA Auditing, we take pride in delivering audit and assurance services which go beyond regulatory requirements. We provide expertise by, enhancing transparency, and support informed decision-making by providing reliable assurance. We offer extensive expertise and a commitment to quality, ensuring that your stakeholders can rely on your financial reporting.
Who We Are
RAA Auditing is a UAE registered audit firm which has experience in the multi jurisdictional regime, within the country, from the north of UAE at Ras Al Khaimah Economic Zone to the south at Abu Dhabi Global Market.
Our teams are internationally trained, certified auditors, who bring a breadth of skills and expertise, coupled with a personalized approach and a commitment to service excellence.
Our audits aim to help clients mitigate risk, improve operational efficiencies, and safeguard their business by providing clarity on issues that matter.
For further information and assistance, please write to us at ask@raa-auditing.com