Introduction

An audit doesn’t need to send your team into panic mode. With the right preparation, it can be a smooth and beneficial process. Whether you’re facing an external audit, internal review, or inspection by UAE authorities, this checklist will help ensure you’re ready — and confident.

1. Organize All Financial Records

Start by gathering and updating your income statements, balance sheets, bank statements, and expense reports. Your documents should be accurate, dated, and easy to retrieve.

2. Reconcile All Accounts

Make sure your bank records match your general ledger. Reconciling discrepancies in advance will save time and prevent red flags during the audit.

3. Verify VAT and Tax Filings

Check that your VAT and corporate tax filings are submitted, accurate, and backed by documentation. Print out summaries for each filing period if available.

4. Review Internal Controls

Auditors will assess how well your financial controls are working. Make sure you have documented processes for expense approvals, vendor payments, and payroll systems.

5. Confirm Employee Records

Ensure that employee details, payroll summaries, gratuity provisions, and WPS records are complete and updated.

6. Prepare Supporting Documents

Be ready to provide copies of contracts, invoices, purchase orders, and receipts tied to key transactions.

7. Communicate With Your Auditor Early

Get clarity on what documents they expect, what timelines they follow, and how they prefer to receive data.

8. Involve a Consultant (If Needed)

If you’re unsure or unprepared, hiring a financial consultant like CFO can help you prepare thoroughly and present everything in a structured, professional manner.

CFO Helps You Stay Audit-Ready

We offer expert audit preparation services — from documentation to auditor coordination — tailored to UAE compliance standards.
Book a consultation now and walk into your audit with confidence.