Audit Supervision and Audit Readiness Services

A statutory audit goes smoothly when the company is prepared for it and poorly when it is not. Delays, repeated information requests and last-minute adjustments are usually caused by missing schedules and unreconciled balances, not by the auditor.

Dawn Consultancy acts on your side of the audit. We prepare your records to audit standard, coordinate with your external auditors, respond to their queries and track the process to completion, so your finance team can keep running the business.

Who this service is for

Companies without an in-house finance team large enough to manage an audit
Groups with several entities audited at different times or by different firms
Foreign-owned companies whose management is based outside the UAE
Companies facing a licence renewal, bank deadline or Corporate Tax filing date
Businesses going through their first audit

What we do

Prepare the year-end trial balance and supporting schedules for every material balance
Reconcile bank, receivables, payables, related-party and intercompany balances
Assemble the documents requested in the auditor’s list of requirements
Act as the auditor’s day-to-day point of contact and manage information requests
Review proposed adjustments and draft financial statements before they are finalised
Review the draft financial statements for Corporate Tax and disclosure implications
Track the timetable and escalate issues before they become delays

Our process

Pre-audit review. We review your books and identify issues the auditor is likely to raise.
Preparation. We prepare and reconcile schedules and correct errors before fieldwork starts.
Coordination. We manage communications and requests during fieldwork.
Review of findings. We assess audit adjustments and management letter points and help you respond.
Close-out. We make sure the final report, management representation letter and filings are completed on time.

Benefits

Shorter audits and fewer information requests
Fewer audit adjustments and qualified opinions
Less disruption to your management team
Financial statements ready in time for licence renewal and Corporate Tax filing
A cleaner process each year as recurring issues are fixed

Independence

Where we supervise an audit, the audit opinion is issued by a separate audit firm. If you would prefer a single provider for audit and support, we explain the independence safeguards that apply. See also our audit services and accounting and bookkeeping.

Frequently asked questions

Is audit supervision the same as an audit?

No. An audit is performed by an independent auditor who issues an opinion. Audit supervision is support on the company’s side: preparing records, coordinating with the auditor and managing the process.

Can you help if our audit has already started and is delayed?

Yes. We often step in part-way through an audit to clear outstanding requests, reconcile balances and get the process back on schedule.

Do you work with any audit firm?

Yes. We coordinate with the audit firm you have appointed, whether local or international.

Can this help avoid a qualified audit opinion?

Qualifications often arise from missing evidence or unreconciled balances. By resolving those issues before fieldwork, we reduce the risk, although the opinion is always the auditor’s independent judgement.

Speak to our team

Tell us your year-end, your auditor and any deadlines, and we will propose a scope and fee.

Call +971 55 441 1036, email info@dawnconsultancy.com or visit us at Office 1509, Citadel Tower, Business Bay. Contact us to arrange a consultation.

Audit Supervision & Audit Readiness Services in Dubai | Dawn Consultancy