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Audit readiness review UAE
We get your records ready before your registered auditor starts, so the audit is quicker and holds fewer surprises. My Eloah Business Hub does not issue the audit opinion. Your registered auditor does.
- Review fee from AED 750, banded by turnover
- 14-schedule audit-ready file pack, fully indexed
- The audit opinion comes from your registered auditor
Where do you stand
Which of these describes your company?
Most UAE Freezones require audited financial statements every year, usually as a condition of licence renewal. A registered auditor signs them, and several Freezones only accept auditors on their own approved list.
- Customarily required
- DMCC, JAFZA, DAFZA, DIFC, ADGM, RAKEZ, DSO, SAIF Zone, Hamriyah
- Varies by licence type
- IFZA, SHAMS, Meydan, SPCFZ, ANCFZ, Ajman Freezone
This is general guidance. Each Freezone authority sets its own deadline and penalties, and they change, so we confirm the current rule on the authority's portal for your licence.
Audit readiness review, in brief.
An audit readiness review is an advisory check of a company's records before the statutory audit begins. It shows what the appointed auditor is likely to raise and the audit outcome the records would support today.
It suits any UAE company that must file or hold audited accounts. My Eloah Business Hub reviews the records, prepares the audit-ready file pack and reviews an auditor's draft report. The audit opinion is signed by your Ministry of Economy registered auditor.
- Fee
- From AED 750, banded by turnover
- Opinion
- Signed by your registered auditor
- Deliverable
- Readiness report and 14-schedule file pack
- Framework
- IFRS, or IFRS for SMEs up to AED 50m revenue
When audited accounts are required.
These are the rules that most often bring a UAE company to an auditor. In every case the audit is carried out and signed by a registered auditor.
| Situation | What the rule says | Source |
|---|---|---|
| Revenue above AED 50,000,000 | Audited financial statements must be prepared and maintained for corporate tax. | Ministerial Decision No. 84 of 2025 |
| Qualifying Freezone Person | Audited financial statements are required at any revenue level. | Ministerial Decision No. 84 of 2025 |
| Tax group | Audited special purpose financial statements are required. No revenue threshold applies. | Ministerial Decision No. 84 of 2025 |
| Limited liability or joint stock company | The company appoints an auditor to audit its accounts each year. | Federal Decree-Law No. 32 of 2021 |
| Freezone licence holder | Most Freezones require audited financial statements each year, usually as a condition of licence renewal. | Each Freezone authority |
| Non-resident with a UAE presence | Only revenue earned through a UAE permanent establishment or nexus counts towards the AED 50 million test. | Ministerial Decision No. 84 of 2025 |
Ministerial Decision No. 84 of 2025 applies to tax periods starting on or after 1 January 2025. Freezone deadlines and penalties are set by each authority and change from time to time. Typical results of not submitting are a blocked licence renewal, fines and, in persistent cases, suspension of the licence and immigration file.
Three services, one clear limit.
My Eloah Business Hub is not a registered audit firm. Our work is advisory. It carries no audit opinion and cannot be submitted to a bank, a Freezone, a licensing authority or the Federal Tax Authority (FTA) as audited financial statements.
Audit readiness review
We tie your figures to bank statements, the trial balance and your licence documents, then report the expected audit outcome and the documents that would improve it.
Audit-ready file pack
We assemble 14 indexed schedules, each cross-referenced to its supporting document, so your auditor receives a complete file. The pack shortens the audit. It does not replace it.
Review of your auditor's draft
We test your auditor's draft report against the source records and send a technical review memorandum with corrections listed by priority. This service is quoted separately.
Problems we find before your auditor does.
A schedule prepared by management is a claim until it is tied to evidence. These four areas cause the most trouble in an audit.
Opening and closing cash
We agree cash at both ends of the year to the bank statements for every account and currency, and confirm the statements cover the full year with no gap.
Figures that do not reconcile
Every line in the financial statements must agree to the trial balance, and the movement in retained earnings must equal the profit for the year. We quantify any difference.
Loans and advances to owners
We search advances, deposits and bank narratives for shareholder and director names. Balances with connected persons need a related party note and arm's length terms.
Corporate tax not booked
We compute corporate tax at 9% on taxable income above AED 375,000, check Small Business Relief and Qualifying Freezone Person status, and review earlier years that were never reported.
Review fees by turnover.
This is our advisory review fee, set by your turnover for the year reviewed. It is separate from the statutory audit fee, which your registered auditor charges.
| Turnover for the year (AED) | Review fee (AED) |
|---|---|
| Nil or dormant | 750 |
| 0 to 5 million | 1,470 |
| 6 to 10 million | 2,010 |
| 11 to 15 million | 2,550 |
| 16 to 20 million | 3,000 |
| 21 to 30 million | 3,450 |
| 31 to 50 million | 3,990 |
| Above 50 million | On request |
Included: readiness review, materiality and risk assessment, tie-out schedules, draft financial statements, findings and remediation report, the audit-ready file pack and one round of auditor liaison. Quoted separately: reconstruction of accounting records, prior period reconstruction, corporate tax and VAT registration and filing, Freezone portal submission, and review of a third-party auditor's draft.
What to send to start.
Send what you have. We tell you plainly what is missing and what each missing item would change in the expected outcome.
Six steps to an audit-ready file.
The work runs in a fixed order, and the statutory audit stays with your registered auditor throughout.
Start on WhatsApp →Send your documents
Share your licence, Memorandum of Association, bank statements and accounting records on WhatsApp and we confirm what is missing.
Verification checks
We confirm the financial year, legal identity, opening and closing cash, bank statement coverage and the trial balance before any analysis.
Tie-out and deeper checks
We test revenue, expenses, advances, related parties, currency treatment and the corporate tax computation against your evidence.
Findings and expected outcome
You receive graded findings with remediation steps and the audit outcome your records would support today.
Audit-ready file pack
We assemble and index the 14 schedules and cross-reference each one to its supporting document.
Your auditor audits
Your registered auditor carries out the audit and signs the opinion, with one round of auditor liaison from us included.
Audit readiness, answered.
Ask anything else on WhatsApp and we will answer for your company.
Can My Eloah Business Hub issue an audit report?
No. Under Federal Law No. 12 of 2014, only an auditor entered in the Ministry of Economy Register of Practising Auditors can conduct a statutory audit and sign an audit opinion. We prepare your file and review the records, and your registered auditor issues the opinion.
How much does an audit readiness review cost in the UAE?
Our review fee starts at AED 750 for a nil or dormant company and is AED 1,470 for turnover of 0 to 5 million. It rises by turnover band to AED 3,990 for 31 to 50 million, and is quoted on request above 50 million. The statutory audit fee is charged separately by your registered auditor.
Which companies must have audited financial statements for UAE corporate tax?
Taxable persons with revenue above AED 50,000,000, all Qualifying Freezone Persons and all tax groups, under Ministerial Decision No. 84 of 2025. It applies to tax periods starting on or after 1 January 2025.
Do Freezone companies need to submit audited accounts?
Most do. DMCC, JAFZA, DAFZA, DIFC, ADGM, RAKEZ, DSO, SAIF Zone and Hamriyah customarily require them each year, while IFZA, SHAMS, Meydan, SPCFZ, ANCFZ and Ajman Freezone vary by licence type. Each authority sets its own deadline, so we confirm it on the authority's portal.
Can I give the readiness review to my bank as audited accounts?
No. The review is advisory and is not a statutory audit or any form of assurance. It cannot be submitted to a bank, a Freezone, a licensing authority or the FTA as audited financial statements.
Can my auditor simply sign the file you prepare?
No. An auditor must obtain their own audit evidence, and we do not prepare files for signature without testing. The file pack gives the auditor a complete, indexed file, and the auditor still audits it.
Can I get audited accounts if I only have bank statements?
A registered auditor can still be engaged, but bank statements alone cannot support anything better than a qualified outcome. Where no ledgers exist at all, a disclaimer of opinion is the normal result. We tell you which documents would improve the outcome.
What is an expected audit outcome?
It is our forecast of what your appointed auditor will conclude from the records as they stand: unmodified, qualified, adverse or disclaimer. We also name the documents that would move it to a better outcome.
Get your file ready before the audit starts.
Send your trade licence and latest bank statements on WhatsApp and we will confirm your fee band and what your auditor will need.