Many businesses in the UAE are asking whether audits are compulsory under the new corporate tax framework. As per updated regulations, audited financial statements are mandatory for companies generating more than AED 50 million in annual revenue and for Qualifying Free Zone Persons (QFZPs).
Audits help businesses maintain transparency, improve credibility, and stay ready for tax assessments. Even if your business is below the threshold, conducting annual audits is considered a strong financial practice.
Why audits matter:
- Ensure compliance with tax laws
- Reduce risk during FTA inspections
- Improve investor confidence
- Identify accounting errors early
