In the UAE, while the temptation to choose the lowest-priced auditor due to cost pressures is understandable, caution is advised. Audit firms that meet new regulatory standards, particularly related to Corporate Tax, are likely to be more expensive but offer essential expertise. Ministerial Resolution 111-2 of 2022 requires auditors to pass exams in IFRS, ISAs, and UAE tax regulations. As auditing and accounting practices evolve, businesses must ensure their auditor complies with these updated standards to avoid penalties. Selecting a reputable audit firm with extensive industry experience is crucial for effective and comprehensive auditing.
Discover more in our latest OPED.Who We Are
RAA Auditing is a UAE-registered audit and accounting firm in Dubai, with extensive experience of auditing in both the UAE mainland and most of the free zones.
We are focused on providing entrepreneurial businesses of varying sizes with timely, proactive, and customized business solutions from start-up and early development to the latest stages of a business’s lifecycle. Our audits aim to help clients mitigate risk, improve operational efficiencies, and safeguard their business by providing clarity that matter.
Our audit and liquidation assignments are led by independent auditors with a commitment to the highest standard.
For further information and assistance, please write to us at ask@raa-auditing.com