Audit & Assurance Services in the UAE

Our audit professionals work with clients across industries to provide objective insights, risk assessments, and actionable recommendations that go beyond the numbers.

Audit & Assurance Services in the UAE

Audits are more than just a legal requirement—they are a powerful tool for enhancing transparency, ensuring compliance, and boosting investor and stakeholder confidence. At Sapphire Ocean LLC, we deliver independent, reliable, and efficient audit and assurance services in compliance with UAE laws and International Standards on Auditing (ISA).

Our Audit & Related Services

We offer a complete package of Audit & Related  solutions designed to support businesses across the UAE.

Statutory Audit

We conduct legally required audits in accordance with UAE Commercial Companies Law and international auditing standards to ensure your financial statements reflect a true and fair view of your financial position.

Internal Audit

Our internal audit services evaluate your internal controls, risk management, and operational efficiency. We help identify weaknesses and recommend improvements that support long-term business sustainability.

External Audit for Compliance

If your company operates in a free zone or needs to submit audit reports to authorities (e.g., DAFZA, JAFZA, DMCC, or MOF for Corporate Tax), we provide authority-compliant external audits with timely submissions.

Audit for Liquidation

Planning to close your business? We provide audited financial statements for liquidation purposes, required by the relevant licensing and government authorities.

Financial Statement Review & Compilation

Not ready for a full audit? We offer financial statement reviews and compilation reports to ensure the accuracy and presentation of your financials.

Audit Support for Corporate Tax & VAT

We help ensure your financials are audit-ready for FTA reviews and Corporate Tax assessments, minimizing risk and exposure to penalties.

Faq

Frequently Asked Questions

Audit requirements vary based on your company type and location:

  • Mainland Companies: Audits are required under the UAE Commercial Companies Law.

  • Free Zone Companies: Most free zones (e.g., DMCC, JAFZA, DAFZA, etc.) require annual audited financial statements for license renewal.

  • Small or Dormant Entities: May be exempt, depending on free zone or jurisdiction.

We can help determine your specific audit obligations.

A statutory audit is a legally required examination of a company’s financial statements to ensure accuracy and compliance with applicable laws and regulations. It is conducted by an independent, licensed auditor and is often needed for:

  • Government or regulatory reporting

  • License renewal

  • Investor confidence

  • Corporate Tax compliance

An internal audit provides insights into your business’s operational efficiency, internal controls, and risk management. It helps identify weaknesses, prevent fraud, and improve decision-making.

You typically need to provide:

  • Trial balance and general ledger

  • Financial statements

  • Bank statements and reconciliations

  • Sales and purchase invoices

  • Expense records

  • VAT and tax documents (if applicable)

  • Agreements, contracts, and payroll records

Our team will provide a tailored checklist when we onboard you.

  • An audit offers the highest level of assurance, requiring in-depth testing and verification.

  • A review is more limited in scope and provides moderate assurance based on analytical procedures and inquiries.

If a full audit is not required, a review may be a cost-effective alternative.

Ensure Confidence. Improve Controls. Stay Compliant.

At Sapphire Ocean LLC, our mission is to turn audits into strategic opportunities—not just obligations. We help you gain clarity, comply with laws, and build trust with stakeholders.

📞 Contact us today to schedule an audit consultation or request a quote.

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