Uae auditing laws

Is auditing your financial statements mandatory in the UAE?

It is apparent that auditing your financial statements and books of accounts is mandatory in the mainland and some parts of the free zones in the UAE

Companies must appoint licensed auditors for auditing the books of accounts and financial statements

All auditors are regulated at the state level by the Ministry of Economy (MoE) in accordance with UAE Federal Law No

12 of 2014 concerning Auditing Profession, and Ministerial Resolution No

403 of 2015 Concerning the International Standards of the Auditing Profession

There are many auditing firms in Dubai, UAE that are helping people with their auditing reports

As auditing is the act of determining and evaluating whether the operational financial and strategic goals are complying with the principles or not

Therefore, it is crucial for a company to have an evaluation of the process and goals of the company