Ensure accuracy in financial reporting with a Financial Statement Audit in UAE. Stay compliant with IFRS and UAE regulations while building investor trust and making informed business decisions.
Enhancing Transparency & Financial Integrity A Financial Statement Audit is essential for businesses looking to ensure the accuracy and reliability of their financial reports. In the UAE, companies must comply with International Financial Reporting Standards (IFRS) and local regulations to maintain financial transparency and credibility. Audited financial statements provide stakeholders, investors, and regulatory bodies with a clear and trustworthy overview of a company’s financial position.
Analyzing balance sheets, profit & loss statements, and cash flow reports for accuracy.
Ensuring financial reports align with IFRS and UAE financial laws.
Identifying gaps, weaknesses, and fraud risks in financial management.
Evaluating business performance through financial trends and key indicators.
An income statement summarizes a company's revenues, expenses, and profits (or losses) over a specific period, typically quarterly or annually. It provides insights into a company's profitability by showing how much revenue is generated and the expenses incurred to generate that revenue.
A balance sheet presents a snapshot of a company's financial position at a specific point in time, usually at the end of a reporting period. It consists of three main sections: assets, liabilities, and equity. Assets are what the company owns, liabilities are what it owes, and equity represents the difference between assets and liabilities, often referred to as the company's net worth or shareholders' equity.
A cash flow statement tracks the cash in and out of a company during a specific period, usually monthly, quarterly, or annually. It categorizes cash flows into three main activities: operating, investing, and financing activities. Operating activities include cash flows from day-to-day business operations, investing activities include cash flows from buying and selling assets, and financing activities include cash flows from raising capital and repaying debts.
This report details changes in shareholders' equity over a period, showing how equity has been affected by transactions such as issuing new shares, repurchasing shares, paying dividends, and recording net income or losses. It provides insights into how the company's ownership structure has changed over time.
The completed application is submitted to the FTA for approval.
We assist in filing the final VAT return and ensure all outstanding VAT obligations are settled.
Continuous follow-up with the FTA until the deregistration is confirmed.
We assist in filing the final VAT return and ensure all outstanding VAT obligations are settled.
Continuous follow-up with the FTA until the deregistration is confirmed.
Don't let financial reporting be a headache for your business. Let the experts at ICB Tax Consultancy handle it for you. Contact us today to learn more about our financial reporting services and how we can help your business thrive.
