Preparing for an audit can be challenging when financial records are incomplete, transactions are unreconciled, or compliance requirements are unclear. At SolidStats Accounting & Bookkeeping LLC, we help startups, SMEs, and established businesses prepare for audits by organizing financial records, reconciling accounts, preparing supporting schedules, and coordinating documentation with independent auditors.
Whether your business needs an annual statutory audit, free zone audit preparation, or support with Corporate Tax and financial reporting requirements, we help you approach the process with greater clarity and confidence.
Statutory audit opinions and independent audit reports must be issued by appropriately licensed and appointed auditors. SolidStats provides audit preparation and related support within its authorised service scope.
Our services are suitable for startups, SMEs, mainland companies, free zone businesses, professional service providers, trading companies, e-commerce businesses, and other organizations preparing for an audit or financial review.
A well-prepared audit starts with organized accounts and complete supporting documents. SolidStats Accounting & Bookkeeping LLC helps you prepare your financial records, address documentation gaps, and coordinate the information required for your audit.
Contact us today to discuss your audit preparation needs and request a tailored service proposal.
Disclaimer: Audit requirements vary by jurisdiction, legal structure, and regulatory authority. Audit preparation and accounting support do not constitute an independent statutory audit. Audit opinions and reports will be issued by an appropriately licensed and appointed audit firm.
Not necessarily. Audit requirements depend on the company's legal structure, applicable federal or emirate-level legislation, free zone rules, licence conditions, and other relevant requirements.
Some businesses must submit audited financial statements annually, while others may not be subject to the same statutory requirements. Your company's specific obligations should be checked with the relevant authority.
A small business may be required to undergo an audit even if its revenue is relatively low, depending on its legal and regulatory circumstances. Some businesses may not require a statutory audit but may still need financial statements for banks, investors, shareholders, or other stakeholders.
We can help you review your documentation and identify the audit preparation work your business may need.
Many free zones require annual audited financial statements, but requirements differ between authorities and company types. Some authorities may specify auditor eligibility, submission procedures, or deadlines.
For example, Jebel Ali Free Zone requires FZE and FZCO establishments to submit annual audit reports.
Always verify the requirements applicable to your own free zone and licence.
Incomplete records can delay the audit and lead to additional questions, adjustments, or extra professional costs. Where possible, outstanding transactions should be recorded, bank accounts reconciled, and supporting documents collected before the audit starts.
Our team can help organize historical records and identify missing information, subject to the records available.
Businesses can generally appoint an eligible independent auditor, subject to applicable law, free zone requirements, licensing conditions, and any relevant independence rules. Certain authorities may maintain specific eligibility requirements or approved auditor lists.
We can help organize the information required for the audit process and coordinate with your appointed auditor.
Corporate Tax filing and statutory audit requirements are separate obligations. A business may need to file a Corporate Tax return even if it is not required to obtain an annual statutory audit.
Certain taxpayers may also have specific financial statement requirements under Corporate Tax rules. Your obligations should be assessed based on your business structure, applicable legislation, and tax status.
Audit fees vary according to business size, transaction volume, complexity, reporting requirements, and the auditor's scope of work.
Audit preparation fees are separate from the independent auditor's fees. We can assess your bookkeeping records and provide a proposal for the support services required.
Yes. Depending on the information available, we can assist with organizing historical accounting records, reconciling balances, identifying missing documents, and preparing schedules to support the audit process.
No. An independent audit provides reasonable assurance that financial statements are free from material misstatement, rather than an absolute guarantee that every error or instance of fraud will be detected.
Maintaining accurate accounting records and appropriate internal controls remains the responsibility of the business's management.
Speak directly with our senior CPAs and FTA-registered tax agents in Dubai. We assess your corporate tax, VAT, and accounting structure to identify optimizations and deliver a transparent fixed-fee proposal.
