Preparing for UAE Statutory Audit
Audit readiness is not a one-month exercise — it is a year-round discipline. CA firms that build a pre-audit checklist into their engagement workflow consistently deliver faster, cleaner audits.
Bank Reconciliations
Ensure all bank accounts are reconciled monthly and any unreconciled items older than 30 days are explained in writing.
Fixed Asset Register
Verify the FAR is updated with additions, disposals, and depreciation calculations. Physical verification should be done at least once annually.
Accounts Payable & Receivable
Obtain balance confirmations from top 10 debtors and creditors. Investigate any balances outstanding beyond credit terms.
Payroll Records
WPS records, leave encashment calculations, and gratuity provisions must be reconciled to the general ledger.
Related-Party Transactions
All RPT must be disclosed and supported by agreements at arm's length pricing.
At Adeptix Global, our dedicated finance professionals work as an extension of your team — handling the heavy lifting so you can focus on client relationships and growth. Talk to our experts to learn how we can support your practice.
