How to Prepare for an External Audit in Dubai: A Checklist

Author: CA Sachin R. Paniya | Category: External Audit

An external audit is not merely a regulatory requirement; it provides stakeholders with assurance regarding the financial health of the business. Free zones like DMCC, JAFZA, and DAFZA mandate annual audited financials.

The Preparation Checklist

1. Reconcile all bank accounts and ledgers.
2. Organize supporting invoices and contracts.
3. Review and update your fixed asset register.
4. Grant auditors access to accounting software.