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Auditing Services in Dubai
At SOS TAX SERVICES, we provide professional audit support and coordination services to ensure your business meets all compliance and reporting requirements in the UAE. We work closely with external auditors, regulatory authorities, and your internal team to make the audit process smooth, efficient, and stress-free.
Financial Statement Audit
A financial statement audit ensures your reports comply with international standards such as IFRS, IAS, and GAAP while reflecting a true and fair view of your business.
Our auditors carefully review every figure, validate supporting documents, and prepare an independent audit report that gives stakeholders confidence in your company’s financial integrity.
Types of Financial Statements We Audit
1. Balance Sheet
Shows your company’s financial position at a specific date, detailing assets, liabilities, and equity.
Income Statement .2
Also known as the profit and loss statement, this report measures performance over time by comparing income vs. expenses.
3. Cash Flow Statement
Tracks the movement of cash across three main activities:
- Operating (daily operations)
- Investing (assets and projects)
- Financing (loans, equity, repayments)
Statement of Changes in Equity .4
Highlights how the owner’s equity changes due to profits, losses, dividend payments, and other adjustments.
Why Audit Support Matters for Your Business
- Ensures a smooth and hassle-free audit process.
- Identifies risks and compliance issues before auditors do.
- Improves transparency and builds investor and stakeholder confidence.
- Helps avoid fines, penalties, and reputational risks.
- Saves management time and ensures Audit deadlines are met.
Our Audit Support Process in the UAE
- Collect and organize company financial records.
- Conduct preliminary compliance checks and reconciliations.
- Coordinate with external auditors and provide all requested data.
- Support management during audit queries and clarifications.
- Review audit reports and assist in implementing recommendations
With SOS TAX SERVICES, you can face audits with confidence. We handle the details, coordinate with auditors, and ensure your company stays compliant with UAE regulations.
Our Core Audit Support Services
1. Pre-Audit Clean-Up
We review your trial balance, perform ledger reconciliations, and ensure accounts are properly mapped to IFRS-compliant headings. This step ensures your records are accurate and ready for audit.
Preparation of Audit Schedules (PBC List) .2
We prepare detailed schedules and supporting documents for key areas, including fixed assets, accounts receivable and payable ageing, bank and cash balances, inventory, revenue recognition, lease obligations, provisions, and related party transactions.
3. Evidence Documentation
We compile a complete evidence pack to support the audit, including contracts, invoices, goods receipt notes, delivery orders, bank confirmations, payroll files, and board meeting minutes.
Liaison and Coordination with Auditors .4
We work closely with your licensed audit firm to provide all necessary information, handle auditor queries, support walkthroughs, and coordinate site visits.
5. Post-Audit Support
We assist in recording audit adjustments, implementing auditor recommendations, and preparing a plan to streamline the process for the following year.