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Auditing and assurance services UAE — external audit, internal audit, forensic audit and company liquidation by Ministry of Economy licensed auditors — Abdelhamid & Co Sharjah

Auditing & assurance services in the UAE — independent, licensed & comprehensive

Auditing and assurance services in the UAE are fundamental to sound corporate governance, financial transparency, and regulatory compliance. At Abdelhamid & Co. Certified Public Accountants & Auditors L L C SP, we are licensed by the UAE Ministry of Economy (Local Auditors Record No. LC0106-01) and registered as a licensed FTA Tax Agent (TAN: 30003958 | TAAN: 20033908). We provide a full suite of auditing and assurance services to businesses across all UAE Emirates and Free Zones.

Our team of qualified auditors and CPAs brings deep expertise in IFRS, ISA, and UAE regulatory requirements. Our auditing and assurance work is closely integrated with our corporate tax services and data analytics services. Learn more about our firm and our team.

What are auditing & assurance services?

Auditing and assurance services provide independent, objective evaluations of a company’s financial statements, internal controls, and risk management framework. The purpose is to give stakeholders — shareholders, banks, investors, regulators, and management — confidence that financial information is accurate, reliable, and compliant with applicable standards and laws.

Our auditing and assurance engagements are conducted in accordance with International Standards on Auditing (ISA) issued by the International Auditing and Assurance Standards Board (IAASB), and our financial reporting is aligned with International Financial Reporting Standards (IFRS). For internal audit engagements, we follow the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA).

Key facts — auditing & assurance services UAE

Governing law: Federal Decree-Law No. 32 of 2021 on Commercial Companies (as amended 2025)
Audit standards: International Standards on Auditing (ISA)
Financial reporting: International Financial Reporting Standards (IFRS)
Internal audit framework: IPPF — Institute of Internal Auditors (IIA)
Our licence: Ministry of Economy Local Auditors Record LC0106-01
Typical SME audit duration: 2–6 weeks

Our auditing & assurance services

We offer a comprehensive suite of auditing and assurance services covering every stage of your compliance and governance needs:

  • External Audit Service — independent examination of your financial statements under ISA and IFRS, required for most UAE companies under Federal Decree-Law No. 32 of 2021 and Free Zone regulations.
  • Internal Audit Services — risk-based, IPPF-aligned assessment of your internal controls, risk management framework, and operational efficiency. Fully outsourced internal audit for UAE SMEs.
  • Forensic & Legal Auditing — fraud investigations, asset tracing, litigation support, and forensic reports prepared to meet the evidentiary standards of UAE courts, police, and the FTA.
  • Company Liquidation Service — licensed liquidation audit reports and full process support required by the UAE Ministry of Economy, Free Zone authorities, and courts. Includes VAT & corporate tax de-registration.

Our audit approach

We adopt a risk-based audit methodology across all our auditing and assurance engagements, aligned with ISA and IPPF. Our process ensures thorough coverage while focusing resources on areas of highest risk:

  • Step 1 — Business understanding and environment assessment: We analyse your business model, industry, and the regulatory environment to identify areas of inherent risk and set the strategic direction for the engagement.
  • Step 2 — Risk assessment and audit planning: We assess the risks of material misstatement at both the financial statement and assertion levels, then design tailored audit procedures that respond directly to the identified risks.
  • Step 3 — Evaluation of internal controls: We test the design and operating effectiveness of your internal controls over financial reporting, identifying control weaknesses and recommending improvements.
  • Step 4 — Substantive testing of balances and transactions: We perform detailed testing of account balances, transaction classes, and disclosures using both analytical procedures and tests of detail to gather sufficient appropriate audit evidence.
  • Step 5 — Communication and reporting: We communicate findings to management and those charged with governance, issue the audit report in Arabic and/or English, and provide a management letter with recommendations for improvement.

Our team works closely with clients throughout the engagement to ensure minimal disruption and maximum value. Our auditing engagements complement our corporate tax compliance review, corporate tax services, and CAATs data analytics.

Why choose Abdelhamid & Co for auditing & assurance in the UAE?

  • Licensed by the UAE Ministry of Economy — Local Auditors Record No. LC0106-01
  • Licensed FTA Tax Agent — TAN: 30003958 | TAAN: 20033908
  • UAECA — UAE Certified Accountant
  • IACPA — International Association of Certified Public Accountants
  • EAAA Fellow — Registration No. 124
  • IASCA Fellow — Registration No. 1361
  • IFRS-compliant and ISA-based audit standards — risk-focused, not checklist-based
  • Full suite of audit services — external, internal, forensic, and liquidation
  • CAATs data analytics integrated for 100% transaction coverage where applicable
  • Bilingual team — Arabic and English (reports in both languages)
  • Serving SMEs to large enterprises across all UAE Emirates and Free Zones
  • Transparent, fixed-fee engagements with no hidden costs

Frequently asked questions — auditing & assurance services UAE

Which UAE companies are required to have an external audit?

Most companies incorporated under UAE Federal Decree-Law No. 32 of 2021 (Commercial Companies Law) and companies registered in Free Zones are required to undergo an annual external audit. Requirements vary by company type and jurisdiction. Companies with corporate tax obligations may also require audited financials for their tax return.

What is the difference between external audit and internal audit?

An external audit is an independent examination of financial statements by a licensed third-party auditor, expressing an opinion on their fairness for external stakeholders. An internal audit is an ongoing assessment of internal controls, risk management, and operational efficiency — which may be conducted by an in-house team or outsourced to a firm like Abdelhamid & Co.

Do you provide audit services for Free Zone companies?

Yes. We provide auditing and assurance services for companies registered in all major UAE Free Zones including JAFZA, DMCC, ADGM, RAKEZ, SAIF Zone, and others. Each Free Zone has its own audit submission requirements, which we manage on your behalf.

Are your audit reports accepted by UAE banks and authorities?

Yes. As a Ministry of Economy licensed firm, our audit reports are accepted by UAE banks, Free Zone authorities, courts, and regulatory bodies including the Federal Tax Authority.

How long does an audit take?

For SMEs, a typical external audit takes 2 to 6 weeks depending on the size and complexity of the business and the quality of accounting records. We coordinate closely with your finance team to minimise disruption.

Can auditing and assurance services support corporate tax compliance?

Yes. Our auditing engagements are closely integrated with our corporate tax compliance review and corporate tax return filing services. Audited financial statements are often required by the FTA for corporate tax purposes, and our integrated approach ensures full alignment between your financial statements and your tax position.

What auditing standards do you follow?

Our external audit engagements are conducted under International Standards on Auditing (ISA) issued by IAASB. Internal audit engagements follow the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA). Financial reporting is aligned with International Financial Reporting Standards (IFRS) as adopted in the UAE.

Contact us for auditing & assurance services in the UAE

📞 Phone / WhatsApp: +971 50 794 8028
📞 Direct: +971 065 289 414
🌐 Office: Sharjah, Al Qasimia, Omran Tower, Office 302

Abdelhamid & Co. Certified Public Accountants & Auditors L L C SP — Licensed by the UAE Ministry of Economy (LC0106-01) | Licensed FTA Tax Agent (TAN: 30003958 | TAAN: 20033908)

Abdelhamid M. Abdelhamid — Partner & Managing Director
Abdelhamid & Co. Certified Public Accountants & Auditors L L C SP
UAECA | IACPA | EAAA Fellow No. 124 | IASCA Fellow No. 1361
UAE Ministry of Economy — Local Auditors Record LC0106-01 | Working-Auditors Record No. 956
FTA Tax Agent — TAN: 30003958 | TAAN: 20033908
LinkedIn

Last reviewed: April 2026. Content reflects UAE law at date of review.


Contact us

Timing: Sat–Thu: 8AM–6PM 

Mobile\WhatsApp: 0507948028

Phone: 065610040

Email: info@abdelhamidcpa.com

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