Power Wise Auditing and Accounting LLC Services Explained

Power Wise Auditing and Accounting LLC supports UAE businesses across statutory audit, bookkeeping, VAT, and corporate tax compliance within the framework set by federal laws and regulators. 

The support is structured around the UAE Commercial Companies Law, Ministry of Finance corporate tax framework, and Federal Tax Authority guidance on VAT registration, filing, and record-keeping. This way, financial statements and ledgers stay audit-ready during reviews.

Let’s know more about how power wise accounting and auditing helps businesses in UAE.

The Regulatory Frame That Shapes Audit in the UAE

There are two backbone rules drive scope and timing in audits:

• The Federal Tax Authority requires audited financial statements for any taxable person with revenue above AED 50 million, and for every Qualifying Free Zone Person. The FTA also notes that some taxpayers may maintain either audited or unaudited statements depending on thresholds.
• UAE audits follow International Standards on Auditing. ISA 210 requires the auditor and management to agree to the audit terms in writing, which is why the engagement letter matters so much.

How Does Power Wise Auditing and Accounting LLC Help?

Expect a single team providing accounting services in Dubai that can keep books current, prepare statements, and issue opinions where required, then support tax filings that depend on those numbers. Here are some major benefits of power wise auditing and accounting LLC:

• External audit and assurance. Annual audits, limited reviews, and agreed-upon procedures prepared under ISAs with an opinion for stakeholders.
• Bookkeeping and management accounts. Monthly closes, reconciliations, and management packs that map cleanly to audit disclosure notes.
• Corporate tax and VAT support. Computations and evidence mapped to the FTA’s corporate tax guide, with returns filed on EmaraTax.
• Advisory on systems and controls. Practical fixes that reduce audit queries and speed future closes.

How an External Audit Is Planned and Delivered

A clear plan prevents month-end surprises. Below is an audit path most teams follow across UAE:

• Planning and risk assessment. Scope, materiality, fraud risks, and key processes agreed in writing under ISA 210 terms.
• Interim testing. Controls and samples checked before year-end to shrink the final window.
• Year-end fieldwork. Substantive testing of balances and disclosures, plus legal letters and confirmations.
• Clearance and reporting. Issues logged, adjustments agreed, and the opinion drafted for board sign-off.
• Post-audit pack. Final statements, management letter, and an index of evidence retained for tax or regulator queries.

Bookkeeping Scope That Makes Audits Faster

The quickest way to pass audits depends on neat ledgers. A complete monthly close normally includes bank and cash reconciliation, ageing of receivables, vendor statements, fixed-asset registers with depreciation, provision memos, and inventory reconciliations tied to counts. Each item later fits a disclosure line in the audited set, so the audit becomes confirmation, not reconstruction.

Tax Support That Links Clean Accounts to Clean Filings

The corporate tax return starts with accounting profit and then applies the adjustments set out in the FTA’s corporate tax guide. That is why the audit and the tax pack should move together. Where revenue exceeds AED 50 million, or an entity is a Qualifying Free Zone Person, audited statements are not optional and filing calendars must reflect that dependency.

What to Confirm Before You Sign the Engagement Letter?

• Scope and reporting framework. IFRS or IFRS for SMEs, entities in scope, and any group reporting needs.
• Management responsibilities. Preparation of statements, internal control, and access to records, as required by ISA 210.
• Timeline and deliverables. Interim dates, year-end window, board meeting date, and opinion format.
• Independence and non-audit services. What advice the auditor can provide without impairing independence.

How Timelines Usually Align With UAE Obligations

Free zone and mainland authorities set licence renewal windows that expect approved financials. The corporate tax return is due within nine months after the period ends, so an audit on the calendar becomes a gating item for a timely return.

A firm that closes books monthly, tests controls mid-year, and pre-clears complex areas avoids the crush that causes costly resubmissions or delays.

Documentation the Client Team Prepares

Audits rely on evidence. Keep contracts, board approvals, bank facilities, lease terms, and major supplier files indexed by period. For revenue recognition and provisions, short policy memos help auditors match business reality to the accounting standard. That discipline also shortens responses if the FTA requests documents during a corporate tax review.

How Internal and External Work Connect Without Duplication

Internal monthly closes and variance reviews should feed the external audit, not repeat it. Share internal findings that do not touch independence, so the external team can adjust focus. The result is fewer on-site days, cleaner status calls, and faster opinion drafting.

Practical Ways a Firm Adds Value After Sign-off

Expect a short management letter from the auditor that lists control fixes, disclosure improvements for next year, and a calendar for stock counts and confirmations.

Also, a tax handover that points to adjustments affecting the corporate tax computation and a file that the finance team can reuse during any information request.

What to Ask if You are Shortlisting Power Wise Auditing and Accounting LLC

• Which standards and tools does the team use, and who signs locally.
• How the firm coordinates audit, bookkeeping, VAT, and corporate tax so dates do not clash.
• What sample size and evidence format they expect, and how status is reported to management and the board.
• How they handle free zone considerations, especially where Qualifying Free Zone Person status depends on audited accounts and documented substance.

Final Advice

Choosing the right partner is about fit, not just a price quote. Experienced accounting and bookkeeping services in Dubai like what Arnifi provides will map your calendar to UAE requirements, keep books audit-ready every month, and turn tax filing into a routine.

Use the checkpoints above, insist on ISA-compliant terms, and align the audit plan with the FTA’s corporate tax rules so the year closes without issues.