Internal & External Auditing Services

Internal & External Auditing Services in the UAE

In the UAE’s regulated business environment, auditing is no longer optional, it is a legal, financial, and strategic necessity. Whether you operate in Mainland, Free Zone, or Offshore jurisdictions, professional audit services ensure compliance with UAE Commercial Companies Law, Federal Corporate Tax Law, VAT regulations, AML requirements, and IFRS standards.

At Fandeez Business Solutions, we provide structured Internal and External Auditing services designed to strengthen governance, enhance transparency, and safeguard your business.

Statutory Financial Audit

Mandatory for most UAE Mainland companies and many Free Zone entities whose turnover is more than AED 50million as per Corporate Tax Law.

Special Purpose Audit

Conducted for specific business requirements:
Bank Loan
Liquidation audit
Due diligence audit
Investor audit
Insurance claim verification

Risk-Based Internal Audit

We identify financial and operational risks within your organization.

AML Compliance Audit (For DNFBPs & Regulated Entities)

Under UAE AML regulations, designated non-financial businesses must maintain AML compliance systems.

Internal Audit Services

Internal auditing focuses on improving internal controls, risk management, and operational efficiency. It is not always mandatory but is strongly recommended for growing businesses.

1. Risk-Based Internal Audit

We identify financial and operational risks within your organization.

This includes:

Internal control testing
Fraud risk assessment
Segregation of duties analysis
Compliance risk evaluation
Process gap identification

2. Corporate Governance & Control Review

We evaluate whether your company’s governance framework aligns with UAE regulatory expectations.

Assessment areas:

Authorization policies
Financial approval systems
Reporting structures
Documentation procedures
AML and compliance frameworks

3. AML Compliance Audit (For DNFBPs & Regulated Entities)

Under UAE AML regulations, designated non-financial businesses must maintain AML compliance systems.

We review:

KYC procedures
Customer risk classification
Suspicious transaction reporting systems
AML policy documentation
Staff training records

4. Operational Audit

This focuses on business performance rather than just financial accuracy.

We assess:

Procurement processes
Inventory management
Revenue cycles
Cost control mechanisms
Efficiency of internal systems

Why Auditing is Critical in the UAE?

✔ Mandatory for most companies
✔ Required for corporate tax compliance
✔ Essential for VAT accuracy
✔ Necessary for bank loans and funding
✔ Improves investor confidence
✔ Protects against fraud and mismanagement
✔ Supports business valuation

Failure to maintain proper records can result in FTA penalties and legal consequences.

Control Evaluation

Reporting & Recommendations

Post-Audit Advisory Support

Who Needs Audit Services in the UAE?

Mainland LLCs
Free Zone companies
Holding companies
SMEs and startups
Real estate businesses
Trading companies
Professional service firms
Manufacturing & logistics companies

Our Audit Firm registered in all UAE Freezone entities and all UAE Banks.

Customer Benefits

We focus not only on compliance but also on strengthening your financial systems.

Internal & External Auditing Services