Audits are a non-negotiable part of doing business in Dubai. While External Audits are legally mandated for financial transparency, Internal Audits are a vital strategic tool for improving efficiency and compliance controls from within. FrankDigit Accounting Services offers comprehensive support for both—we streamline the mandatory external review and implement customized internal controls to safeguard your assets and processes.
We ensure your financial records are perfectly ready for independent scrutiny, minimizing disruption and risk. Our specialized services are rooted in Confidentiality, Transparency, and Integrity (CTI), helping you meet the statutory demands of the UAE Commercial Companies Law and Free Zone authorities while simultaneously optimizing your operational effectiveness.
| Fearures | How FrankDigit Delivers |
|---|---|
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Primary Goal |
Assurance for external stakeholders (regulators, investors, banks). |
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Mandate |
Statutory Requirement (for most Free Zones, Mainland LLCs, banks). |
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Scope |
Focuses on Financial Statements (IFRS compliance, true & fair view). |
|
FrankDigit Role |
Liaison and preparation to ensure a clean external audit opinion. |
We offer targeted assistance to ensure your business is resilient, transparent, and compliant at all levels.
| Deliverable | How FrankDigit Delivers |
|---|---|
|
External Audit Coordination |
Managing document requests, timeline adherence, and direct communication with your appointed external audit firm. |
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Internal Controls Evaluation |
Assessing and strengthening your segregation of duties, authorization processes, and financial reporting controls to mitigate fraud risk. |
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Management Letter Review |
Proactively addressing weaknesses identified by auditors to ensure compliance is maintained post-audit. |
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Record-Keeping Compliance |
Verifying that all financial records (invoices, ledgers, contracts) are complete and compliant with the ISA (International Standards on Auditing) requirements. |
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Operational Efficiency Audit |
Evaluating key operational workflows (e.g., procurement, inventory) to identify inefficiencies and cost-saving opportunities. |
Effective auditing is the best defense against unforeseen compliance gaps and financial irregularities, especially under the new Corporate Tax regime.
We provide pre-audit preparation services that ensure your IFRS-compliant financial statements are accurate, reconciled, and ready for submission. We work seamlessly with your appointed external auditor to expedite the fieldwork, ensuring the timely issuance of the audit report required for your annual Trade License Renewal with the DED or respective Free Zone Authority (e.g., DMCC, JAFZA, RAKEZ), preventing delays or suspensions.
Internal audits play a critical, proactive role in preparing for external and FTA Tax Audits. By continuously reviewing controls, the internal audit function ensures that your Corporate Tax and VAT calculations are sound, all related-party transactions are properly documented (Transfer Pricing), and internal processes are not exposing the company to regulatory penalties. Outsourcing this function to FrankDigit ensures objectivity and expert assessment of your business’s governance structure.
We provide expert intervention to secure your compliance and strengthen your business operations.
- Decode (Risk Profiling): We assess your company’s structure and industry risks to tailor the scope for both internal review and external audit preparation, focusing on statutory requirements and high-risk areas (e.g., related-party transactions).
- Simplify (Preparation & Review): We perform a mock audit, reconcile all key accounts, and organize the documentation required by your external auditor, ensuring all controls are tested and any issues are corrected via Voluntary Disclosure before the external auditor begins work.
- Automate (Coordination & Improvement): We act as your liaison during the external audit, and our internal audit findings provide management with actionable recommendations to implement stronger controls and improve operational efficiency for the coming year.
Is your business protected against financial and compliance risk? Secure your operations with dual audit assurance.
📞 Contact FrankDigit Accounting Services today for expert External and Internal Audit Assistance.