RAA Auditing - Audit & advisory for ambitious UAE businesses
Statuatory External Audit - external audit services UAE

Established UAE | 2016

Statutory External Audit

Independent audit that supports compliance, strengthens confidence and provides stakeholders with a clear view of the business.

Overview

More than a filing requirement

Our statutory external audit service is built to do more than satisfy a filing requirement. We deliver independent assurance over the financial statements while helping management and those charged with governance understand the key accounting, reporting and control issues that matter to the business. Whether the entity operates on the mainland, in a free zone or in a regulated environment, we tailor our audit approach to the nature, size and risk profile of the organisation.

Our work is performed in accordance with applicable auditing standards and is designed around a robust understanding of the business, its systems, significant risks and material balances. We focus on the quality of financial reporting, the appropriateness of accounting treatments, the reliability of supporting documentation and the effectiveness of key internal controls. The result is an audit process that is disciplined, commercially aware and proportionate.

What this service covers

Risk-Based Audit Planning

Risk-based audit planning and materiality assessment

Accounting Policy Evaluation

Evaluation of accounting policies, estimates and disclosures

Balance & Transaction Testing

Testing of key balances, classes of transactions and supporting evidence

Internal Controls Assessment

Assessment of internal controls relevant to financial reporting

Management Reporting

Management reporting on audit findings, control observations and recommended actions

Common Questions

Frequently asked questions

Questions clients ask us before and during the audit process

Is a statutory audit required for all UAE companies?

Requirements vary depending on the jurisdiction and licensing authority. Most mainland, free zone, ADGM and DIFC entities are required to have their financial statements audited annually. RAA can advise on the specific obligations applicable to your entity.

How long does the audit process typically take?

For most SMEs, a well-prepared audit can be completed within 4–8 weeks of receiving the full set of financial records. The timeline depends on the size and complexity of the entity and the quality of records available.

What records do we need to provide?

We'll typically need your trial balance, general ledger, bank statements, invoices and contracts for key transactions, fixed asset register, payroll records and supporting schedules for significant balances. We provide a detailed information request list at the start of each engagement.

Can you audit entities registered in ADGM and DIFC?

Yes. RAA is registered to conduct audits in ADGM, DIFC, DAFZ and Dubai Mainland and is familiar with the specific reporting and filing requirements of each jurisdiction.

Why RAA

What makes our audit practice different

This service is particularly relevant for companies that require annual audited financial statements for shareholders, banks, investors, licensing authorities, free zone authorities or regulators. RAA aims to combine technical rigour with practical communication so that the audit process remains efficient, transparent and value-adding.

Registered across ADGM, DIFC, DAFZ and Dubai Mainland

One of very few UAE firms with this breadth of jurisdictional coverage.

Internationally trained team

Deep sector knowledge across 9 industries, from aviation and real estate to family offices and non-profit organisations.

Established 2016 and growing

One of the fastest-growing audit firms in the UAE, built on a strong referral network and a reputation for getting it right.

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Years of experience

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Active clients

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Freezone partnerships

how it works

Our audit process

A clear, efficient process designed to cause minimal disruption and maximum value.

Initial conversation

We discuss your business, entity structure, deadlines and requirements — no commitment needed.

Information gathering

We collect financial records, prior year accounts, and supporting documentation in a structured way.

Audit fieldwork

Our team conducts the audit — reviewing records, testing controls, and verifying financial statements.

Report & sign-off

Audit report issued, findings discussed, and all filings completed to your deadline.

Ready to get your audit underway?

Speak to our team about your entity's requirements and we'll confirm scope, timeline and next steps.

Free initial consultation

All UAE jurisdictions

Fast response time