Auditing Services

Statutory Audit

An independent examination of your financial statements conducted in compliance with International Standards on Auditing (ISA). We issue an auditor’s report suitable for submission to freezone authorities, the Ministry of Economy, corporate tax purposes, and banking institutions.

• Full ISA-compliant statutory audit
• IFRS financial statement review
• Freezone authority audit report
• Ministry of Economy compliance
• Bank-acceptable audited accounts

Internal Audit

An objective assessment of your internal controls, risk management frameworks, and operational processes — identifying weaknesses before they become costly problems. Our internal audit function provides management with independent assurance and practical improvement recommendations.

• Risk-based internal audit planning
• Internal control testing and evaluation
• Process gap identification and recommendations
• Management letter and action plan
• Follow-up review and implementation support

Agreed-Upon Procedures (AUP)

A targeted engagement where we perform specific financial procedures agreed in advance with you and your stakeholders — reporting findings without expressing an overall audit opinion. Ideal for investors, potential acquirers, and lenders requiring specific financial verification.

• Revenue and receivables verification
• Inventory count procedures
• Payroll and expense verification
• Related party transaction testing
• Pre-acquisition due diligence

Forensic Audit

When financial irregularities, fraud, or disputes arise, a forensic audit provides the documented evidence needed for legal proceedings or insurance claims. Our forensic team investigates complex financial matters with confidentiality and precision.

• Fraud investigation and documentation
• Asset misappropriation review
• Financial statement manipulation detection
• Expert witness report preparation

VAT Compliance Review

A focused review of your VAT records, returns, and accounting treatments — identifying errors or overpayments before the FTA does. Our VAT compliance review is particularly valuable prior to FTA audits or as part of annual financial closing.

• VAT return reconciliation and review
• Input tax recovery analysis
• Tax invoice compliance testing
• Pre-FTA audit health check

Due Diligence

Buying a business, entering a joint venture, or seeking investment? Our financial due diligence team provides a thorough examination of target company financials — uncovering risks, liabilities, and valuation considerations before you commit.

• Financial due diligence reports
• Quality of earnings analysis
• Working capital assessment
• Off-balance-sheet liability identification

Engagement Letter

Scope, timeline, fees, and client responsibilities agreed in writing

Planning & Risk Assessment

We understand your business, identify material areas, and design audit procedures

Fieldwork

Evidence gathering, testing transactions, and verifying balances — on-site or remote

Review & Queries

Our senior partner reviews all work; management queries are raised and resolved

Audit Report Issued

Signed auditor’s report, management letter, and recommendations delivered

Ministry Approved

Our audit partners are registered with the UAE Ministry of Economy and licensed to sign statutory audit reports accepted by all UAE authorities.

Fast Turnaround

We understand UAE freezone deadlines. Our streamlined audit process typically delivers a completed report within 2–4 weeks of full document receipt.

Accounting Integration

When Nexivol handles both your bookkeeping and audit, your audit is faster, smoother, and more cost-effective — no time wasted explaining your accounts to a new team.

Not Just a Report

Every audit engagement ends with a management letter containing practical, prioritised recommendations — so your business genuinely improves each year.

For small to medium-sized companies with well-maintained books, Nexivol typically completes a statutory audit within 2–4 weeks of receiving a complete set of documents and client responses to audit queries. Complex multi-entity or high-turnover audits may require 4–8 weeks. We always confirm timelines in the engagement letter.

Typically: final trial balance, bank statements for the full year, all bank reconciliations, invoices and contracts for major transactions, fixed asset register, accounts payable and receivable listings, payroll records, VAT return summaries, and the prior year audited financial statements. We provide a comprehensive document checklist at engagement start.

This is a valid independence concern. In practice, Nexivol maintains structural separation between our accounting/bookkeeping team and our audit team. This is a standard arrangement used by many mid-tier accounting firms in the UAE, and is acceptable under UAE auditing regulations for non-listed companies. For listed entities or companies requiring Big-4 level independence, we are happy to recommend appropriate alternatives.

For newly incorporated companies (less than 12 months old), banks typically do not require audited financials. However, for businesses seeking trade finance, overdraft facilities, letters of credit, or loan facilities — virtually all UAE banks require 1–3 years of audited financial statements. Having audited accounts from day one establishes the financial track record needed for future growth.