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The following organisations must typically undergo a statutory audit in accordance with UAE regulations:
Every year, all public joint stock companies (PJSCs) are required to have an audit of their financial accounts.
LLCs, or limited liability companies: LLCs must have audited financial accounts if their yearly turnover exceeds AED 50 million.
Free Zone Businesses: Regardless of size, the majority of free zones mandate that businesses produce audited financial accounts on a yearly basis.
Foreign Company Branches: Generally speaking, branches doing business in the United Arab Emirates must have audited financial statements.
Regulated Organisations: Annual audits are required of banks, insurance providers, investment businesses, and other regulated organisations.
Additionally, many businesses will require audited financial statements to support their tax filings now that corporate tax has been implemented in the United Arab Emirates. Depending on the area, applicable rules, and the legal structure of the business, the particular needs may change. Depending on your business situation, our staff can assist you in identifying your unique audit needs.
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