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Audit Services in Sharjah

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Audit & Accounting Firm in Sharjah, UAE

Farahat & Co. is an established audit firm in Sharjah, supporting mainland and free zone businesses with statutory, internal, and specialised audit services.

Sharjah’s business base spans industrial and manufacturing companies registered under the Sharjah Economic Development Department, trading and service companies in SAIF Zone and Hamriyah Free Zone, and media and publishing businesses in SHAMS and Sharjah Publishing City. Each of these categories carries its own audit expectations, whether tied to trade license renewal, bank financing, or Corporate Tax and VAT compliance. Our audit firm in Sharjah has worked across mainland and free zone engagements for decades, giving us direct familiarity with what each authority expects from an audit report.

Auditors in Sharjah play a central role in helping businesses confirm that financial statements are accurate, internal controls are functioning, and reporting is ready for regulatory review, bank due diligence, or investor scrutiny. We take a structured approach to every audit and assurance engagement so management gets a report that is useful, not just a compliance formality.

  • Statutory and external audits aligned with International Standards on Auditing and free zone submission formats
  • Internal audits covering internal controls, risk areas, and operational weaknesses
  • Free zone renewal audits for SAIF Zone, Hamriyah Free Zone, SHAMS, and Sharjah Publishing City companies
  • Audit support for Corporate Tax and VAT filings, so financial records reconcile with FTA submissions

Our certified auditors bring sector-specific experience across Sharjah’s industrial, trading, and media businesses, giving management clear, practical findings rather than a generic checklist.

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Who Needs Audit Services in Sharjah?

Audit requirements in Sharjah differ by license authority and business type. The categories below cover the businesses that most commonly need an audit in the emirate.

Mainland companies under SEDD

Mainland companies licensed through the Sharjah Economic Development Department are not always legally required to audit, but many arrange one for bank facilities, investor reporting, or to support Corporate Tax computations that trace back to properly maintained financial records.

SAIF Zone and Hamriyah Free Zone companies

Companies registered in Sharjah Airport International Free Zone and Hamriyah Free Zone Authority are generally required to submit audited financial statements from an auditor on the relevant authority’s approved list as part of annual trade license renewal.

SHAMS and Sharjah Publishing City companies

Media, content, and publishing businesses licensed under Sharjah Media City or Sharjah Publishing City typically need audited statements for renewal, with audit scope often accounting for royalty and revenue-sharing arrangements common in these sectors.

Industrial and manufacturing companies

Sharjah’s industrial base, particularly around Hamriyah Free Zone, includes manufacturing and processing businesses where inventory valuation and fixed asset audits are a significant part of the engagement.

SMEs seeking bank finance or investment

Businesses applying for bank facilities, seeking investors, or preparing for a sale are frequently asked to provide audited financial statements as part of the due diligence process, even where an audit is not otherwise mandatory.

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Types of Audit and Assurance Services We Offer in Sharjah

Our audit and assurance services in Sharjah cover the full range of engagements businesses in the emirate typically require, from statutory financial statement audits to focused internal reviews.

External / Statutory Audit

An independent examination of your financial statements to confirm they present a true and fair view in accordance with applicable accounting standards. This is the audit type most commonly required for free zone renewal, bank reporting, and shareholder disclosure in Sharjah.

Internal Audit

A review of internal controls, risk management processes, and operational efficiency, helping management identify weaknesses before they affect the external audit or create compliance exposure.

Forensic and Investigative Audit

Used where a business suspects fraud, financial irregularity, or needs an independent report for a dispute or court matter, with findings documented in a format suitable for legal or regulatory proceedings.

Inventory and Fixed Asset Audit

Particularly relevant for Sharjah’s industrial and manufacturing businesses, reviewing stock valuation, physical verification, and depreciation schedules against the general ledger.

Review and Compilation Engagements

Lighter-touch engagements for businesses that need professionally reviewed or compiled financial statements without a full audit opinion, often used for interim bank submissions.

Sharjah Free Zone Audit Requirements

Sharjah’s free zones each set their own audit and reporting rules, and a generic audit approach does not always meet the specific submission format each authority expects. Our audit firm in Sharjah structures engagements around the requirements of the free zone where your license is held.

SAIF Zone and Hamriyah Free Zone companies must appoint an auditor from each authority’s approved list and submit audited financial statements as part of annual license renewal, with Hamriyah’s requirements shaped by its large base of industrial and manufacturing tenants.

SHAMS companies, largely in media, marketing, and content production, face renewal audits that also account for project-based revenue recognition common in that sector. Sharjah Publishing City companies follow a similar renewal-linked audit requirement tailored to publishing and content businesses. Missing a free zone’s specific submission format or deadline can delay license renewal, so confirming the exact requirement for your free zone before the audit begins saves time later in the process.

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Our Audit Process for Sharjah Businesses

We follow a structured process for every audit engagement in Sharjah, adjusted for your license type and reporting deadline.

Planning and scoping

We review your business structure, license type, and prior year records to define the audit scope, identify key risk areas, and confirm the applicable reporting deadline, whether that is a free zone renewal date or a Corporate Tax filing window.

Fieldwork and testing

Our auditors test transactions, review supporting documentation, confirm bank balances, and assess internal controls in line with International Standards on Auditing.

Draft findings and management discussion

Draft observations are shared with management before the report is finalised, giving you the opportunity to clarify or provide additional documentation where needed.

Final report and filing support

We issue the final audit report in the format required by your license authority and support submission where the free zone or authority requires the audit firm to file directly.

Why Choose Farahat and Co for Audit Services in Sharjah

Documents Required for an Audit in Sharjah

Having these documents ready before the audit begins helps keep the engagement on schedule and reduces back-and-forth during fieldwork.

Company and registration documents

Trade license, Memorandum and Articles of Association, and share certificates or shareholder register.

Financial records

Bank statements and confirmation letters for the full financial year, trial balance, general ledger, and fixed asset register with depreciation schedules.

Tax and compliance documents

VAT registration certificate and return filings, and Corporate Tax registration details where applicable.

Supporting records

Lease agreements, sales and purchase invoices, payroll records, and contracts related to significant transactions during the year.

Compliance and Regulatory Framework for Audits in Sharjah

Audits in Sharjah are shaped by more than one regulatory layer, and which layers apply depends on your license authority. Mainland companies fall under the Sharjah Economic Development Department for licensing, with Corporate Tax and VAT compliance overseen federally by the Federal Tax Authority.

Free zone companies answer to their respective authority, SAIF Zone, Hamriyah Free Zone Authority, SHAMS, or Sharjah Publishing City, each of which maintains its own approved auditor list and audit submission format tied to license renewal.

Our audit team keeps engagements aligned with whichever combination of these frameworks applies to your business, so the final report meets the expectations of your specific license authority rather than a generic template.

How Farahat & Co. Can Help With Audit Services in Sharjah

Since 1985, we have supported mainland, industrial, and free zone businesses across Sharjah with audit and assurance services aligned to their specific license and reporting requirements. Our certified auditors work across SAIF Zone, Hamriyah Free Zone, SHAMS, and mainland engagements, giving us direct familiarity with the submission formats each authority expects. We take a practical approach that keeps the audit process manageable for management while giving regulators, banks, and investors the assurance they need.

If your business needs an audit in Sharjah, whether for free zone renewal, Corporate Tax alignment, or investor reporting, our team is ready to scope the engagement around your specific requirements.

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Important FAQs on Audit Services in Sharjah

Is an audit mandatory for mainland companies in Sharjah?

Mainland companies licensed through the Sharjah Economic Development Department are not always required by law to submit an audit, though many choose to for bank finance, investor reporting, or to support Corporate Tax filings. Free zone companies generally face stricter audit obligations tied to license renewal.

Do SAIF Zone and Hamriyah Free Zone companies need an approved auditor?

Yes. Both authorities require registered companies to appoint an auditor from their approved list and submit audited financial statements annually as part of trade license renewal.

How long does an audit take for a business in Sharjah?

Most audits take between two and six weeks depending on the size of the business, the completeness of financial records, and the free zone or authority’s filing format. Businesses that prepare documentation in advance typically move through the process faster.

Can an audit support my Corporate Tax filing?

Yes. Corporate Tax under Federal Decree-Law No. 47 of 2022 is calculated from IFRS-based net profit, so a properly conducted audit helps confirm that the figures used in your Corporate Tax return reconcile with your underlying financial records.

What happens if I miss my free zone's audit renewal deadline?

Missing an audit submission deadline can delay trade license renewal in most Sharjah free zones, and in some cases may trigger additional compliance follow-up from the authority. Starting the audit engagement well ahead of the renewal date avoids this.

How can Farahat & Co. help with my Sharjah audit?

Our team scopes each engagement around your specific license authority, whether that is SEDD, SAIF Zone, Hamriyah Free Zone, or SHAMS, so the final audit report matches what your regulator or free zone actually requires. Contact us to discuss your requirements and receive a quote tailored to your business.
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