Vikas Dhingra
Chief Financial Officer · Tax & Structuring
Accounting, Bookkeeping
& Audit in the UAE
Books, management accounts, statutory audit and assurance — built to IFRS, presented to FTA and bank standards. Partner-reviewed and run by Avyanco's audit & accounting practice.
- IFRS-Compliant
- Outsourced CFO
- Statutory Audit
- FTA-Ready Records
- Monthly Closes
Books That Hold Up to FTA, Auditors and Banks
Avyanco's accounting and audit practice delivers UAE bookkeeping, management accounts, statutory audit and assurance built to IFRS or IFRS for SMEs and presented to FTA and bank standards. Since Corporate Tax was introduced in 2023, the FTA expects audit-ready records as standard. Statutory audit is delivered through UAE Ministry of Economy-registered firms, with the work partner-reviewed by Vikas Dhingra.
UAE accounting was a back-office function for most of the last decade — light-touch IFRS reporting, no Corporate Tax review, audit only where the licensing authority required it. The introduction of Corporate Tax in 2023 changed the picture. The Federal Tax Authority now expects audit-ready records as standard, free zone Qualifying Free Zone Person status requires audited financial statements, and UAE banks have tightened their ongoing KYC documentation requirements. The bar for what 'good books' look like has risen.
Avyanco's accounting and audit practice runs at that bar. Monthly bookkeeping is prepared to IFRS or IFRS for SMEs, management reports are produced on a fixed cadence, statutory audit is delivered through partner firms registered with the UAE Ministry of Economy and the major free zone regulators, and the records are positioned for Corporate Tax computation from day one. The work is partner-reviewed by Vikas Dhingra, who runs the practice.
The Avyanco Advantage
Accounting and audit work that is built for the four audiences that matter — owners, FTA, auditors and banks.
IFRS-grade Bookkeeping
Monthly books prepared to IFRS or IFRS for SMEs — no patch-fix at year-end, no surprise reclassifications during audit.
Outsourced CFO Option
Management accounts, board packs, cashflow forecasts and KPI dashboards delivered on a fixed cadence — outsourced finance function for founders.
Audit-Ready Records
Records, supporting documents and workpapers built to withstand FTA, free zone and external-auditor review.
Statutory Audit Delivery
Audit delivered through Ministry of Economy-registered firms — DIFC, ADGM, DMCC, JAFZA and other major free zone panels covered.
Corporate Tax Integration
Bookkeeping positioned for Corporate Tax computation — QFZP qualifying-income segmentation, related-party identification, exempt-income tracking.
Bank-Grade Financials
Financial statements packaged for UAE bank ongoing KYC, credit facility applications and group reporting.
Meet Our Specialists
Partner-led accounting & audit practice — Vikas Dhingra, CFO, leads the bookkeeping, management reporting and audit workstreams.
Why Groups Choose Avyanco for Accounting & Audit
Three things that come up in every accounting and audit engagement.
Partner-Reviewed
Every monthly close, management pack and audit file is signed off by a partner-level reviewer — not pushed straight to delivery.
Cross-Regime Records
Books built to serve FTA computation, statutory audit, bank KYC and management reporting — without four separate datasets.
Audit Network
Statutory audit delivered through Ministry of Economy-registered firms across DIFC, ADGM, DMCC, JAFZA and other major free zone panels.
Accounting & Audit Services
Connected workstreams — bookkeeping and CFO support, external and internal audit, and the Corporate Tax position that ties them together.
Accounting & Bookkeeping
Monthly IFRS bookkeeping, management accounts, outsourced CFO and Corporate Tax-ready record-keeping for SMEs and groups.
Read more
Audit & Assurance
Statutory audit, special-purpose audit and QFZP audit — delivered through Ministry of Economy-registered audit firms across major free zone panels.
Read moreExternal Audit
The independent statutory audit opinion on IFRS financial statements, conducted under the International Standards on Auditing and signed by a Ministry of Economy-registered firm.
Read more
Internal Audit
Risk-based internal audit on the IIA's International Professional Practices Framework — internal controls, governance and fraud-risk assurance for boards and audit committees.
Read moreCFO Services
Fractional and outsourced CFO support — management reporting, cash-flow and budgeting, board packs and fundraising readiness, built on clean books.
Read more
Corporate Tax Advisory
Bookkeeping ties into the Corporate Tax computation — QFZP segmentation, related-party flows and exempt-income identification handled in-line.
Read morePayroll & WPS Compliance
Salary processing, WPS submission via MOHRE, and end-of-service gratuity — feeding straight into the books and the Corporate Tax position.
Read moreWhat Clients Say
Recent feedback from groups Avyanco runs UAE accounting and audit work for.
I have been dealing with Akshta for more than a year now and she has been very professional.
Read more — Sherif Ayub's review on GoogleS
Sherif Ayub24 May 2026
In so far as the emigration process can ever be made easy, Avyanco achieves exactly this.
Read more — Sheru George's review on GoogleS
Sheru George12 May 2026
We are very satisfied with Avyanco's support for Nanasu Realty — especially across AML compliance, accounting, and company setup.
Read more — Purushottam Mukkundi's review on GoogleP
Purushottam Mukkundi6 May 2026
I've used the services of Avyanco twice over the past 3 years for visa processing, and they have never failed to impress me.
Read more — Dominic Pinto's review on GoogleD
Dominic Pinto11 May 2026
I had an excellent experience with Avyanco Business Setup Consultancy for both my company formation and family dependent visa process in the UAE.
Read more — Eder Schaphauser Ziomek's review on GoogleE
Eder Schaphauser Ziomek29 April 2026
We had an excellent experience working with this company for our ADGM company setup in Abu Dhabi.
Read more — Nikhil Nadanga's review on GoogleN
Nikhil Nadanga25 May 2026
UAE Accounting & Audit — Frequently Asked Questions
Common questions about UAE bookkeeping, accounting and statutory audit.
What accounting framework does the UAE use?
UAE financial reporting follows International Financial Reporting Standards (IFRS) as issued by the IASB. IFRS for SMEs is permitted for non-public-interest entities. The UAE Federal Tax Authority's Corporate Tax computation is grounded in financial statements prepared under IFRS or IFRS for SMEs, with prescribed tax adjustments.
Which UAE entities must have an annual statutory audit?
Statutory audit is mandatory for: mainland LLCs under the Commercial Companies Law (with limited exemptions), free zone entities under most free zone regulators (including DMCC, JAFZA, DIFC, ADGM, DAFZA, RAKEZ and others), entities seeking Qualifying Free Zone Person status under Corporate Tax Cabinet Decision No. 100 of 2023, and any entity required to file audited financials with the FTA or licensing authority. Avyanco confirms the requirement against the entity's specific licence at the structuring stage.
Does Corporate Tax require audited financial statements?
Audited financials are mandatory for Qualifying Free Zone Persons claiming the 0% rate on Qualifying Income, and for taxable persons exceeding the published audit-threshold revenue test under Ministerial Decision No. 82 of 2023. Other taxable persons must still maintain books and records sufficient to support their Corporate Tax computation. Avyanco positions bookkeeping for Corporate Tax compliance regardless of audit obligation.
How long does a UAE statutory audit take?
Most SME and free zone statutory audits complete within 4 to 8 weeks of year-end document hand-over. Larger groups, multi-entity audits and first-year audits typically run longer. The pace is set by the quality of the underlying books — audit-ready bookkeeping shortens the audit cycle materially.
Can Avyanco provide an outsourced CFO function?
Yes. Avyanco's outsourced CFO offering covers monthly close, management accounts, board packs, cashflow forecasting, KPI dashboards, audit liaison and Corporate Tax / VAT compliance — delivered on a fixed monthly retainer. This is the default model for inbound founders without a UAE finance team.
Who delivers the statutory audit — Avyanco or a separate firm?
Statutory audit must be delivered by a UAE Ministry of Economy-registered audit firm. Avyanco delivers audit through partner firms registered with the Ministry of Economy and the major free zone audit panels. Clients receive a single coordinated engagement — Avyanco runs the workpaper preparation, the audit partner firm signs the opinion.
Verification & independence
Content prepared from publicly available UAE Ministry of Economy, Federal Tax Authority (FTA) and free zone regulator audit guidance, alongside the IFRS Foundation's IFRS and IFRS for SMEs standards, as of June 2026. Avyanco Business Consultancy LLC is independent of all UAE government authorities and audit standard-setters and not affiliated with any government agency.
Audit requirements, qualifying-thresholds for Corporate Tax and Ministry of Economy audit-firm registration rules evolve. Always confirm the current rules for your specific entity directly with the relevant authority and a registered audit firm before acting on any fact on this page.
Get expert advice
Speak to a UAE specialist
Tell us what you need and a senior advisor will respond within one business day — no obligation.
- Partner-led — you speak to a senior advisor, not a junior analyst
- A straight answer on the right structure, cost and timeline
- A reply within one business day, every time
- A free, no-obligation 30-minute scoping call
Need Books and Audit Handled?
Book a partner-led conversation with Avyanco's accounting and audit practice. Outsourced CFO, statutory audit, QFZP audit or Corporate Tax-ready bookkeeping — all on one engagement letter.
Book a Consultation