TMFS has truly been a game changer for me. Their personalized approach to financial services made the entire process easy and stress-free. I trust them completely with my investments and feel secure knowing my financial future is in safe hands.
External &Statutory Audit
Statutory audits for licence renewals, banks, shareholders and Corporate Tax, with your books and statements prepared and the audit coordinated with a Ministry of Economy-registered auditor.
- Statutory Audit
- Licence Renewals
- QFZP Audits
- Bank Requirements
- Audit Coordination
Published Updated
Audits That Run Smoothly and Finish on Time
Many UAE companies need audited financial statements: free zone authorities often require them for licence renewal, Qualifying Free Zone Persons and businesses with revenue above AED 50 million need them for Corporate Tax, and banks and shareholders often ask for them.
Most of the time and cost of an audit goes on chasing records. We prepare your books, statements and supporting schedules, and coordinate the audit with a Ministry of Economy-registered auditor, so the audit is quicker, cheaper and finished before your renewal or filing deadline.

How the Audit Works
Six steps from engagement to signed report.
- 01
Requirement Check
We confirm why you need an audit and the deadline you are working to.
- 02
Books & Statements
Books closed and draft financial statements prepared under IFRS.
- 03
Auditor Engagement
Audit engaged with a Ministry of Economy-registered auditor accepted by your authority.
- 04
Fieldwork Support
Schedules, confirmations and explanations provided during fieldwork.
- 05
Adjustments
Audit adjustments reviewed with you and posted.
- 06
Signed Report
Audited financial statements issued for your authority, bank or tax return.
What You Need to Provide
What auditors typically need.
- Trade licence and company documents
- Year-end bank statements
- General ledger and trial balance
- Sales and purchase invoices
- Fixed asset and inventory records
- Loan, lease and major contracts
- Prior-year audited statements, if any
Why Use TMFS for Your Audit
A prepared client gets a faster, cheaper audit.
Books audit-ready before fieldwork
Deadlines for renewal and tax tracked
Auditor accepted by your free zone
Fewer queries and adjustments
QFZP and Corporate Tax requirements covered
One team from books to signed report
The TMFS Advantage
What sets our audit support apart.
Audit-Ready Books
Records prepared before the auditor arrives.
Registered Auditors
Audits signed by Ministry of Economy-registered auditors accepted by your authority.
Deadline Focus
Planned around your licence renewal and tax deadlines.
Tax Alignment
Audited figures feed straight into your Corporate Tax return.
Why Businesses Choose TMFS for Audits
Three things clients mention most.

Faster audits
Less back-and-forth with the auditor.
Renewals on time
Reports ready before your licence expires.
No surprises
Likely adjustments discussed before fieldwork.
What Clients Say
Feedback from founders who set up with TMFS.
External Audit: Frequently Asked Questions
Common questions about statutory audit in the UAE.
Is an audit mandatory for my company?
Who can sign a UAE audit report?
Do you carry out the audit yourselves?
How long does an audit take?
What does an audit cost?
UAE Ministry of Economy · Federal Decree-Law No. 47 of 2022 (Corporate Tax) · Ministerial Decision No. 82 of 2023 (audited financial statements) · Federal Decree-Law No. 32 of 2021 (Commercial Companies)
Prepared from publicly available guidance from the Ministry of Economy and UAE federal law as of October 2026. Time Machine Financial Services is independent of the Ministry of Economy and is not affiliated with or acting for any UAE government authority.
Audit requirements, auditor approvals and licensing rules change. Confirm the current position for your situation with the Ministry of Economy, or ask us, before acting on this page.
Speak to a UAE setup specialist
Tell us what you need and a consultant will reply within one working day, with no obligation.
- The consultant you speak to stays on your file
- A straight answer on structure, cost and timeline
- A reply within one working day
- A free 20-minute consultation
Need an Audit Before Your Renewal?
Talk to a TMFS consultant about getting your books audit-ready and your report signed on time.
Book a Consultation