External Audit for a Dubai Free Zone E-Commerce Company
Our client is a growing e-commerce company based in a Dubai free zone, serving customers through digital sales channels. As the company approached its financial year-end, it needed to prepare its financial statements and supporting records for an external audit.
The Challenge
Year-End Financial Records Required for External Audit
Preparing for an annual external audit can become more demanding as an e-commerce business grows. The company needed to ensure that its financial statements accurately reflected its business activity and that key accounts and supporting records were properly organized before the audit.
The finance team also had to bring together relevant documentation and financial information while continuing to manage day-to-day operations. Reconciling transactions across different payment channels and reviewing financial records required a structured approach to audit preparation.
Preparing for an external audit? Get professional guidance on your audit requirements and documentation.
Company Type:
E-Commerce Company
Location:
Dubai Free Zone, UAE
Audit Requirements:
External Audit
Engagement time:
Financial Year-End
Our Solution
A Structured External Audit & Financial Review
ABT approached the engagement with an integrated understanding of audit, accounting, and tax.
Financial Records Reviewed
Our auditors reviewed the company’s financial information and supporting records, including financial statements, books, ledgers, and transactions.
Key Accounts & Transactions Assessed
The team assessed the information against applicable financial reporting requirements, including IFRS where applicable.
Supporting Documentation Reviewed
The team reviewed supporting documentation and worked with the client to provide any additional information required.
Audit Queries & Outstanding Items Addressed
The team addressed clarification requests and outstanding items before finalizing the audit engagement.
With more than 9 years of experience in the UAE market and expertise in mainland and free-zone requirements, ABT provided the company with an audit process supported by integrated accounting and tax knowledge. ABT is also FTA-registered and MOF-approved.
The Result
Audit Outcome
The company completed its external audit and finalized its audited financial statements for its annual reporting and compliance requirements. The structured review also helped ensure that the financial information and supporting records required for the engagement were addressed.
For businesses operating in Dubai free zones, an external audit is not simply about completing a year-end requirement. Reliable financial reporting can provide clarity for management and support the company’s regulatory and business needs. This gave the client a clearer, more organized path through the audit engagement and reporting process.
Ready to Simplify Your External Audit?
Ready to simplify your external audit? Speak with ABT’s audit team about your company’s requirements and get professional support tailored to your business and jurisdiction.