Financial Statements
Your financial statements are the official record of how your business performed and where it stands at year end. Banks, investors, free zone authorities and the Federal Tax Authority all rely on them, so they need to be accurate, complete and prepared to recognised standards.
We prepare your statements under International Financial Reporting Standards (IFRS), work through every year-end adjustment with you, and deliver a set your auditor can sign off without delays.
What's included
Who it's for
- Free zone companies that need audited accounts for licence renewal
- Businesses relying on Qualifying Free Zone Person status for Corporate Tax
- Companies applying for bank facilities or tenders
- Groups with several entities that need one consolidated view
- Owners and investors who want a clear year-end picture
How it works
Review
We review your records and send a simple year-end checklist of what we need.
Close the books
We complete reconciliations and post all year-end adjustments.
Draft and discuss
You receive draft statements and we walk you through the key numbers.
Finalise
We issue final statements and support your auditor until sign-off.
Frequently asked questions
We prepare statements under IFRS, which is the standard generally expected in the UAE. For smaller entities, IFRS for SMEs may be appropriate, and we will advise which applies to you.
Many free zone authorities require audited statements for licence renewal, and audited statements are needed to benefit from the 0% Corporate Tax rate as a Qualifying Free Zone Person. We prepare the statements; the audit opinion itself is issued by a registered audit firm, and we coordinate closely with them.
It depends on the state of your records. Where the books are up to date, preparation usually takes a few weeks. If records need catching up first, we will agree a timetable with you at the start.