JOYCE J CHARUVILA & ASSOCIATES
JOYCE J CHARUVILA & ASSOCIATES
UAE Regulatory Compliance

Audit Support

Assisting businesses in preparing for statutory, internal, or tax audits. We organize financial records, verify supporting documents, and coordinate with external auditors to ensure a smooth audit process.

Audit Support

Who Requires This Service

UAE-based businesses required to submit audited financial statements to free zone authorities, banks, or federal departments.

Scope of Professional Assistance

  • Preparation of audit schedules and working papers
  • Reconciliation of major balance sheet accounts (fixed assets, inventory, intercompany)
  • Liaison with external auditors to address queries and clarify accounting treatments
  • Verification of internal controls and record completeness prior to audit start

Process Timeline

01

Pre-Audit Review

Reviewing existing ledgers and identifying discrepancies or missing documentation.

02

Schedule Preparation

Compiling depreciation schedules, inventory listings, and confirmation letters.

03

Auditor Liaison

Managing communications, delivering files, and resolving audit notes.

04

Audit Closing

Implementing adjustments proposed by auditors and finalizing statements.

Frequently Asked Questions

Do free zones require audited financial statements?

Yes, most UAE Free Zones (such as DMCC, DAFZA, JAFSA) require companies to submit their audited financial statements annually within a specified timeframe.

What is the difference between accounting and audit support?

Accounting is the day-to-day recording of transactions. Audit support is the specialized preparation and collation of evidence, reconciliations, and disclosures to satisfy external auditors.

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