Statutory Audit Services in UAE

Statutory Audit Services in UAE by Nixxa

A Statutory Audit is a legally required review of a company’s financial statements to ensure compliance with UAE regulations. It provides transparency and builds trust with stakeholders and investors.

Why is a Statutory Audit Important?

It verifies financial statements, ensures compliance, and boosts investor confidence. Statutory audits, often required in the public sector, are conducted by auditors appointed by shareholders for a term of 3 to 5 years.

Types of Audits

Regulatory Audit: Ensures a product or service meets industry regulations.
Performance Audit: Identifies ways to improve efficiency.
Statutory Audit: Provides a full financial assessment as mandated by law.

Who Conducts a Statutory Audit?

Only licensed auditors registered with the UAE Ministry of Economy can perform statutory audits. These audits confirm a company’s financial accuracy and help detect fraud or non-compliance.

Statutory Audit Requirements in the UAE

Companies must appoint licensed auditors to review financial records. Essential documents include:

Bank statements
Fixed asset details
Trade payables & receivables
Credit & advance records
Stock details
Tax-related documents
Operational costs

Additional documents may be required based on the business type. Nixxa ensures a seamless audit process.

Why Choose Nixxa for Statutory Audit Services?

Nixxa is a trusted auditing and financial consultancy firm in Dubai, providing expert statutory audit services tailored to your business needs.

What Sets Nixxa Apart?

Regulatory Compliance: We ensure your business meets UAE audit standards.
Advanced Technology: Our tools enhance audit accuracy and efficiency.
Industry Experience: We serve diverse sectors across the UAE.
Detailed Reports: Actionable insights to improve financial performance.
Client-Focused Solutions: Customized to meet your specific needs.

Staying compliant doesn’t have to be complicated. Let Nixxa handle your statutory audit, ensuring accuracy, transparency, and peace of mind.

Advantages

Our solutions offer reliability, efficiency, and compliance, helping businesses streamline operations and achieve sustainable growth.

Financial Transparency

A statutory audit enhances the credibility of financial statements, assuring investors and stakeholders of accurate reporting.

Regulatory Compliance

It ensures the company adheres to UAE laws and regulations, avoiding legal penalties and reputational risks.

Fraud Detection

The audit helps identify and mitigate fraudulent activities, safeguarding company assets and financial integrity.

Operational Efficiency

By reviewing financial practices, the audit highlights inefficiencies and areas for process improvement.

Investor Confidence

A statutory audit reassures investors and shareholders that the company is financially stable and well-managed.

What We Provide

Comprehensive statutory audit services ensuring compliance with UAE regulations.

Expert auditors with deep industry experience.

Detailed financial reviews and transparent reporting.

Identification of financial risks and fraud prevention.

Process

01

Regulatory Compliance

We ensure your business meets UAE audit standards.

02

Advanced Technology

Our tools enhance audit accuracy and efficiency.

03

Industry Experience

We serve diverse sectors across the UAE.

04

Detailed Reports

Actionable insights to improve financial performance.

05

Client-Focused Solutions

Customized to meet your specific needs.

FAQ

A statutory audit is a legally mandated review of a company's financial statements to ensure accuracy, compliance, and transparency. It helps businesses stay compliant with UAE laws and build trust with investors.

Any business that meets specific criteria set by UAE regulations must undergo a statutory audit. Public companies and other regulated businesses typically require this audit.

Key documents include bank statements, fixed asset records, trade payables and receivables, tax-related documents, credit and advance details, and operational expenses.

The duration depends on the size and complexity of the business. However, proper preparation and timely submission of documents can speed up the process.