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Statutory and External Audit Services in Sharjah, UAE
A statutory audit gives shareholders, banks, free zone authorities and the Federal Tax Authority independent confidence in your financial statements. At Hussain Al Shemsi Chartered Accountants, our audit team in Sharjah carries out statutory and external audits under International Standards on Auditing (ISA) for mainland and free zone companies across the UAE.
We go beyond ticking boxes. Every audit ends with a clear report and practical observations on your controls, so you get assurance and useful insight from the same exercise.
Who needs a statutory audit in the UAE?
- Mainland companies: the UAE Commercial Companies Law requires companies to appoint an auditor and prepare audited annual financial statements.
- Free zone companies: most free zone authorities ask for audited financial statements to renew your licence.
- Corporate Tax: audited financial statements are required for businesses with revenue above AED 50 million, Qualifying Free Zone Persons and all tax groups (Ministerial Decision No. 84 of 2025).
- Banks and investors: lenders and shareholders often ask for audited accounts for credit facilities, tenders and due diligence.
Who We Audit
Specialised teams handle the needs of different organisations:
- Limited Liability Companies
- Free Zone Companies
- Sole Establishments
- Partnership Firms
- Non-Profit Organisations
- Government Organisations
What Our Statutory Audit Covers
Financial statement audit
An independent opinion on whether your statements are fairly presented under IFRS or IFRS for SMEs.
Internal control review
We test key controls and report weaknesses with practical recommendations in a management letter.
Free zone compliance
Audit reports in the format your free zone authority expects, ready for licence renewal.
Corporate Tax readiness
Audited figures that support your Corporate Tax return and Qualifying Free Zone Person status.
Our Audit Process
- Engagement and planning: we agree the scope, timeline and documents, and confirm our independence.
- Risk assessment: we understand your business and identify the areas that matter most.
- Fieldwork: we test transactions, confirm balances with banks and customers, and attend inventory counts where needed.
- Review and findings: we discuss draft findings and adjustments with your team before anything is final.
- Audit report: we issue the signed audit report and management letter, and support submission to your free zone, bank or the FTA.
Why Choose Hussain Al Shemsi
- Approved auditors with many UAE free zones, including SAIF Zone, Hamriyah Free Zone and Dubai Silicon Oasis. See all free zone audit services.
- Qualified team: CA, ACCA and CMA professionals. Meet our team.
- ISA and IFRS based: reports that banks, regulators and the FTA accept.
- On time: we plan around your licence renewal and Corporate Tax deadlines.
- Based in Sharjah, serving clients across all seven emirates.
Statutory audit often sits alongside our internal audit, Corporate Tax and IFRS implementation services.
Frequently Asked Questions
Is a statutory audit mandatory for UAE mainland companies?
Yes. Under the UAE Commercial Companies Law, companies must appoint an auditor and have their annual financial statements audited.
Do free zone companies need audited financial statements?
Most free zones require them, usually for licence renewal. Rules and deadlines vary by free zone, and many accept reports only from approved auditors.
When do I need audited financial statements for Corporate Tax?
Under Ministerial Decision No. 84 of 2025, businesses with revenue above AED 50 million, Qualifying Free Zone Persons and all tax groups must prepare audited financial statements. This applies to financial years starting on or after 1 January 2025.
How long does a statutory audit take?
Most SME audits take two to four weeks once your records are ready; larger groups take longer. We agree a timeline at the start based on your year end and deadlines.
What documents do you need for the audit?
Your trial balance and general ledger, bank statements, sales and purchase invoices, fixed asset register, inventory records, key contracts, licence and shareholder documents, and last year’s audited accounts.
What is the difference between a statutory audit and an internal audit?
A statutory audit gives an independent opinion on your financial statements for shareholders and authorities. An internal audit reviews your processes and controls to help management run the business better.
How much does a statutory audit cost in the UAE?
Fees depend on the size of the business, the volume of transactions and the quality of records. We give a fixed quote in AED after a short review.
Need Your Accounts Audited?
Tell us your year end and licence renewal date, and we’ll plan the audit around your deadlines.
How can we help you?
Get in touch with Hussain Al Shemsi Chartered Accountants for expert auditing, accounting, tax, and advisory services in the UAE.
- +971 50 3636231
