A clear engagement scope
Agree the entity, financial period, report purpose, intended users and responsibilities before work starts.
BWMC / Audit & assurance
Audit & Assurance Services in Dubai
A clear scope. Organised evidence. Useful reporting.
Plan your next audit with a clear understanding of the work, documents and reporting requirements. BWMC helps UAE businesses discuss financial audit needs, internal controls and audit readiness, with responsibilities agreed before the engagement begins.
View a sample findings reportWhat to expect
Clarity from planning to reporting
The deliverables depend on the engagement. We establish the purpose and reporting requirements first, then agree the work and the evidence needed to support it.
A coordinated document plan
A tailored request list, named contacts and a timetable linked to the availability of complete accounting records.
Evidence and findings
Review the relevant records and controls within the agreed scope, with questions and outstanding information tracked throughout.
Reporting matched to the work
The agreed report and, where applicable, a management letter explaining control observations and recommended actions.
Choose the right type of engagement
Financial statement audit: discuss the independent reporting requirement for shareholders, lenders or the relevant authority.
Internal audit & controls: focus on agreed processes, risks and practical improvements for management.
Audit readiness: organise schedules, reconciliations and supporting evidence before the audit starts.
Our four-step engagement process
- 01
Confirm requirements
Identify your entity, reporting period, licensing authority and intended report users. Confirm the appointed reporting firm and any required registration or approval.
- 02
Plan & prepare
Agree the engagement, responsibilities, timetable and document checklist. Resolve gaps in the records before fieldwork wherever possible.
- 03
Review & discuss
Complete the agreed evidence gathering and testing. Discuss outstanding queries and proposed adjustments with the responsible team.
- 04
Report & follow up
Complete the reporting review, obtain required confirmations and issue the agreed deliverables. Assign follow-up actions for any findings.
Illustrative sample
A sample management-letter extract
See how a control observation can be turned into a practical action. These fictional examples show the structure of a findings report; the actual content depends on the work performed.
Fictional example
Bank reconciliations
- Observation
- Two monthly reconciliations have no evidence of an independent review.
- Potential impact
- Errors may remain unresolved until a later reporting period.
- Recommended action
- Assign a reviewer, document sign-off and maintain an open-items log.
- Proposed owner & timing
- Finance manager / Next monthly close
Fictional example
Customer balances
- Observation
- The aged receivables schedule contains balances with no recent collection notes.
- Potential impact
- Collection issues may not be identified or escalated promptly.
- Recommended action
- Review overdue balances, document follow-up and assess the accounting treatment.
- Proposed owner & timing
- Credit control lead / Within 30 days
Fictional example
Supplier payments
- Observation
- A sample payment has no retained evidence of approval against the agreed authority limits.
- Potential impact
- Payments may be processed without the intended authorisation.
- Recommended action
- Retain approval evidence with each payment and review approval access.
- Proposed owner & timing
- Finance manager / Before next payment run
Illustration only: not BWMC or client findings, an auditor's opinion, or a report for submission to a bank or authority.
Prepare for the first conversation
What affects the scope, fee and timing?
- Number of entities, locations and reporting periods
- Business activity, transaction volume and complexity
- Quality of the books and supporting schedules
- Report purpose and recipient requirements
- Target deadline and availability of your finance team
Your starting document checklist
Prepare your trade licence, company documents, trial balance, general ledger, draft financial statements and bank reconciliations. We then agree the supporting schedules and secure document-sharing arrangements.
Include the financial year-end, licensing authority, purpose of the report and deadline in your enquiry. Please do not attach confidential financial records at this stage.
Dubai office: Emarat Atrium, 1st Floor, Unit 147, Sheikh Zayed Road.
Discuss your audit requirements
Tell us where you need support. We will review your requirements and discuss the next steps.
Selected service: Audit & assurance
Audit & assurance questions
Do I need a financial statement audit?
The requirement depends on your entity, licensing authority, reporting obligations and any lender or shareholder conditions. Share your trade licence, financial year-end and the reason for the report so the applicable requirement can be checked.
What is the difference between an external and internal audit?
An external financial statement audit is an independent engagement that results in an opinion on the financial statements. Internal audit focuses on selected risks, controls and processes. An internal audit report is not a substitute for a required external audit opinion.
Can I use the report for a free zone, bank or investor?
Confirm the recipient's requirements before appointing the reporting firm. Some recipients require a particular registration, approved-auditor listing or report format. We confirm the proposed arrangement for your engagement; acceptance should not be assumed for every authority or bank.
What documents should I prepare?
Start with the trade licence and company documents, trial balance, general ledger, draft financial statements, bank statements and reconciliations. Supporting schedules for customers, suppliers, inventory, fixed assets, payroll, tax and significant contracts may also be requested.
How long does an audit take?
Timing depends on the scope, business complexity, record quality, availability of supporting evidence and responses to queries. Tell us your deadline early so the timetable can be assessed before the engagement is accepted.
How is the audit fee determined?
The fee reflects the number of entities, reporting period, transaction volume, complexity, locations, document quality and reporting requirements. Accounting clean-up and additional reports should be identified separately in the proposal.
Can you help if our bookkeeping is incomplete?
We can discuss separate accounting and reconciliation support to prepare the records. Any audit arrangement must address independence and separate responsibilities; preparation of records and the independent audit opinion are different services.
Is the sample below an auditor's opinion?
No. It is a fictional management-letter extract showing how a control observation and action plan might be presented. It is not an audit opinion, assurance conclusion or report for submission to an authority, bank or investor.
Related support for your business
Accounting & bookkeeping
Organise records, reconcile balances and prepare regular reports.
Internal audit
Discuss selected business risks, controls and processes.
External audit
Clarify financial statement audit and reporting requirements.
Corporate tax consultancy
Discuss tax matters as a separately agreed scope.