Fractional CFO for Audit Readiness
An Audit Should Verify Your Numbers, Not Reveal That You Do Not Have Them
Whether it is a statutory audit required by your Free Zone authority, an investor-mandated review, or an FTA compliance check, the outcome depends almost entirely on how well your records are organized before the auditor arrives. Jazaa’s fractional CFOs prepare your company with clean reconciliations, organized documentation, and a process that keeps the audit on timeline and within budget.
Why Audit Preparation Matters More Than the Audit Itself
Every audit has a hidden cost beyond the auditor’s fee. It is the cost of your team scrambling to find documents, fix errors, and answer questions that should have been resolved months ago.
Unprepared companies pay more for audits because the audit takes longer. When your team cannot produce a bank reconciliation on request, the auditor has to do more work to verify balances. That work gets billed to you.
UAE Audit Requirements
Free Zone companies in the UAE are required to submit audited financial statements to their licensing authority annually. JAFZA, DMCC, DIFC, ADGM, and other Free Zones all have specific filing deadlines and requirements. Missing these deadlines can result in penalties and trade license issues.
For companies subject to Corporate Tax under Federal Decree-Law No. 47 of 2022, the FTA may require audited financials as supporting documentation for tax returns, particularly for businesses claiming QFZP status.
Why Companies Choose Jazaa for Audit Prep
Complete pre-audit financial preparation
Reconciled trial balance and supporting schedules
Audit liaison support throughout the process
How Jazaa Gets You Audit-Ready
- 1
Pre-Audit Assessment
We review your books and identify areas that will attract auditor attention.
- 2
Reconciliation and Cleanup
We reconcile every significant balance sheet account.
- 3
Financial Statement Preparation
We prepare or review draft financial statements and ensure they comply with the applicable accounting framework.
- 4
Audit Evidence Assembly
We assemble all supporting documents into a structured, indexed package.
- 5
Serving as Your Audit Point of Contact
During the audit, your CFO serves as the primary contact for the auditor.
Everything Included in Your Audit Prep
- Pre-audit assessment with gap identification
- Complete trial balance reconciliation
- Supporting schedules for all significant accounts
- Draft financial statements in IFRS or IFRS for SMEs format
- Fixed asset register reconciliation and depreciation schedules
- Organized audit evidence package
- Audit liaison support throughout the process
- Management representation letter preparation
Common Questions
About Audit Preparation
No. We prepare your company for the audit. The auditor is an independent party.
Yes. The preparation deliverables are standard across audit firms.
Companies that prepare properly typically see lower audit fees because the audit takes less time.
Yes. FTA audits focus on VAT and Corporate Tax compliance. We prepare the specific documentation and records the FTA examines.
Well before the audit begins. If your books have significant problems, start even earlier.
Get In Touch
contact@jazaa.com
LOCATION
Dubai, UAE with clients across all Emirates
Meeting
Book a consultation to discuss your specific financial needs
