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Audit Support and Coordination

Baynex Global LLC-FZ provides audit support: preparing financial statements, assembling the audit file and coordinating with your auditor. The audit opinion itself is issued by an independent audit firm registered with the UAE Ministry of Economy. Where you do not have an auditor appointed, we can introduce you to registered audit firms; the appointment is yours to make and the audit engagement is between you and that firm.

Why audits go badly

Rarely because the numbers are wrong. Usually because the supporting documentation cannot be produced quickly: reconciliations not performed, intercompany balances that do not agree, missing contracts and invoices, revenue recognition applied inconsistently through the year. The audit then extends, the fee increases, and the management letter is longer than it needed to be.

What we provide

Who needs an audit

Audit requirements in the UAE depend on the licensing authority, the jurisdiction and the entity type. A number of free zones require audited financial statements at renewal. Banks and lenders often require them regardless of the regulatory position.
faq

Frequently Asked Questions

Have questions? Browse our FAQs to quickly find clear and helpful answers to common inquiries.
No. Audit opinions are issued by audit firms registered with the UAE Ministry of Economy. Baynex prepares the financial statements and the audit file and coordinates with your auditor.
Yes. We can introduce registered audit firms appropriate to your size and sector. The appointment and the engagement are between you and the audit firm.
It depends on the free zone and your entity type. Several UAE free zones require audited financial statements for licence renewal. We confirm the requirement for your specific authority.
Well before year end. Most of what makes an audit difficult — unreconciled balances, missing documentation — is easier to fix during the year than after it closes.
Yes, following a review of the records. Where the underlying bookkeeping is unreliable, that has to be addressed first.

Register as soon as the obligation is identified. Late registration carries administrative penalties, and delay does not reduce them. We assess your position and complete registration.

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