AUDIT & ASSURANCE

The process of analyzing corporate accounts with applicable standards and verifying data in financial statements with supporting documentation is known as audit and assurance. It improves credibility of financial information. The audit process provides leadership with the assurance that financial reports are materially correct and compliant.

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Why Choose VASS for Audit /Assurance and other advisory Services?

Opt for VASS International for unparalleled Financial Statement Audit Services. As qualified chartered accountants, we excel in navigating the evolving financial landscape, addressing challenges from VAT implementation in 2018 to recent Corporate Tax changes. Our expert team ensures compliance with dynamic regulatory standards, providing proactive insights and tailored recommendations. Benefit from our collaborative approach, fostering enduring client relationships and continuous growth for your entity. Trust VASS International for excellence in financial statement audits tailored to your industry vertical. Explore a comprehensive suite of business solutions with VASS International, backed by a skilled team of certified auditors, accountants, advisors, lawyers, Chartered Accountants, Chartered Management Accountants, and MBA graduates from the UK and USA

Our financial analysts empower you to engage in local or global business seamlessly. With strategic partnerships at private and government levels, we streamline your trading and investment endeavors. At VASS International, we serve as your one-stop destination for a range of business services, including company formation, bank account opening, accounting, auditing, tax, and business advisory. Our satisfied clients across diverse industries in the UAE attest to our excellence. Whether you’re establishing a business in UAE Mainland, UAE Free zones, or Offshore locations in Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain, and Fujairah, VASS International is your trusted partner for comprehensive business setup solutions.

OUR SERVICES

EXTERNAL AUDIT / STATUTORY AUDIT

Trust our licensed chartered accountants to conduct external and statutory audits, ensuring compliance with UAE law. Your audit report is in capable hands, meticulously verified by our independent experts registered with the Ministry of Economy.

FAQs - Audit & Assurance

  • Is Audit of financial statements mandatory in UAE?
    • As per Article 27 of UAE Federal Law, no 2 of 2015, every Joint Stock Company or Limited Liability Company shall appoint one or more auditors to audit the Company’s books of accounts yearly. All the other types of companies may appoint an auditor under the provisions of this Law.
  • How many years should a mainland company in UAE maintain the accounting records?
    • As per Article 26 of UAE Federal Law no 2 of 2015, every Company must maintain accounting records for at least 5 (five) years from the end of the Company’s financial year. Electronic copies are acceptable.
  • What is the financial year followed in UAE for auditing the financial statements?
    • The UAE government prescribes no specific financial year. Each company shall have a fiscal year determined in its MOA, provided that first fiscal year may not exceed 18 months and may not be less than 6 months, and shall be calculated as from the company's registration date in commercial register with the Competent Authority.
      Following fiscal years shall be deemed as successive periods, 12 months each, commencing immediately from expiry date of the preceding fiscal year

WHY AUDIT & ASSURANCE SERVICES?

We have an expert team of certified auditors, accountants, advisors, lawyers, Chartered Accountants, Chartered Management Accountants, MBA’s from UK, USA and financial analysts who can help you to trade, investor under take business locally or globally. We have strategic partnerships at both private and government levels.

VASS International will help to meet all your business solutions at a single place. We can help you with all business services like company formation, bank account opening, accounting, auditing, tax, business advisory, etc. We have many happy clients throughout all industries in the UAE. VASS International provides business setup solutions in UAE Mainland, UAE Free zones and Offshore of emirates Dubai, AbuDhabi, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain and Fujairah.

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