Audits are not just a formality when you operate a company in the UAE, but rather a strategic necessity, and are very important for survival and growth. Maintaining audited financial statements is a major requirement for legal compliance, especially with VAT regulations and federal corporate tax. The audited reports should be sent to banks, investors, and government authorities when you apply for loans, licenses, or try to secure high-value contracts.
Audits are important to maintain transparency and ensure businesses follow UAE financial regulations. The regulations set by the Abu Dhabi Global Market (ADGM), Khalifa Economic Zones (KEZAD), and similar agencies must be followed. Our job as auditing firm in Abu Dhabi is to identify discrepancies or fraudulent activities before they turn serious and grow into significant losses. An audit would assist with streamlined financial management and identify the gaps in internal controls. Audits are also considered during mergers, and acquisitions as well.
At Golden Falcon Consultants, we act as your partners in financial integrity and compliance. Our practical understanding of the local market and technical knowledge enables us to provide the most effective auditing services to our customers. We make sure that all your financial needs are met through our integrated accounting services in Abu Dhabi, so that you can focus on the core business goals.
Our auditors will identify potential issues before they become problems so you can go ahead with your business goals. Through unbiased advice, our auditing firm in Abu Dhabi aims to provide recommendations that always prioritize your best interests. Our work is fully grounded in the highest ethical standards, confidentiality, and professionalism. Through our audit services, we aim to build a stronger, and more transparent business for the future.
During the first phase we will study your business’s key risk areas in your particular industry. This would help us design an audit plan to meet specific audit objectives.
Our auditors will collect all the details of transactions, account balances, and internal controls by communicating with your staffs so all the details will be accurately covered.
All the details collected would be analysed and reviewed to see whether they meet IFRS demands and applicable local regulations. During evaluation, we will identify any adjustments needed, and present them to the management.
After the analysis and review, we will present our audit opinion in a clear, comprehensive audit report listing actionable insights for future improvements covering everything from internal controls to operational efficiencies.
After the findings are made available, we will assist with implementation of recommendations to ensure all regulatory filing requirements are met.
As a licensed auditing firm in Abu Dhabi, the GFC team is fully aware of the evolving laws like the UAE Commercial Companies Law mandates involved with the FTA mandates. Our job is to make sure that your financial reporting aligns with IFRS. IFRS is short for International Financial Reporting Standards. Through a proactive approach we will review your financial records and identify gaps that could cause compliance issues. And based on data, we will be able to give you actionable recommendations.
Our audit services are provided for all businesses, irrespective of their size and growth. We will customise our services to take care of comprehensive audit engagements based on applicable regulatory and stakeholder requirements. This service is primarily for the corporate sector. For SME the focus is on statutory audits that satisfy licensing and banking requirements.
With over 16 years of experience in the UAE market the team at Golden Falcon Consultants has deep expertise in the Abu Dhabi market. The statutory audits are in alignment with IFRS and local regulations. We work in a structured manner, and our audit services are intended to give your company not just compliance, but we will also evaluate the operational processes and risk management frameworks.
Yes, our auditing firm in Abu Dhabi has both VAT audit specialists and tax advisory specialists. They will work concurrently to ensure your financial records accurately reflect VAT obligations and corporate tax positions. Our services are fully geared to help you stay prepared in case of an FTA audit.
The duration of an audit process depends on the volume of transactions and the accuracy of your records. On an average it takes between 2 to 4 weeks for the complete process. Once we assess your business transactions, we will be able provide a clear timeline and suggest what documents you need to bring. The documents have to be accurate so you can enjoy a smooth process that meets deadlines. We help ensure timely compliance with filing deadlines.
You will have to get following documents for the audit
Yes. As a full service auditing firm in Abu Dhabi, we will continue to provide advisory services if you so desire. Our team will inform you of any weaknesses in your internal controls and offer specific recommendations for improvement. We make sure that you stay prepared for regulatory updates that happen in the future.