Discover why accounting review services are essential for UAE businesses in 2025. Ensure accurate financials, IFRS compliance, tax readiness & internal controls with BMS Auditing.
In the current dynamic GCC market, proper and accurate financial reporting is not only vital—it's crucial. With the implementation of the new federal corporate tax regime in the UAE from 1 June 2023, companies need to make sure that their financial statements are up to date and free from errors. Business owners engage us to comprehensively review and ensure the correctness of existing financial data to prevent reporting inaccuracies and fines or penalties from the FTA.
BMS Auditing provides exceptional accounting review services beyond numbers—keeping businesses compliant, transparent, and financially stable.
Why Accounting Review Services are Important in the UAE
- Proper Verification of Financial Statements
Human errors, forgotten entries, or other mistakes are very common in accounting processes. Our chartered accountants thoroughly review your financial records independently to confirm that they are complete, accurate, and in accordance with UAE regulations.
- Compliance with IFRS
Compliance with International Financial Reporting Standards (IFRS) is important, particularly for audit readiness and corporate tax submissions. Our team ensures your financial reports are IFRS-compliant, which prevents audit qualifications, and facilitates easy consolidation or access to financial facilities.
- Early Detection of Errors and Avoidance of Penalties
Reconciliation of your accounts on a monthly or quarterly basis assists in identifying and correcting errors prior to submission. This minimizes the possibility of penalties by regulatory authorities such as the Federal Tax Authority (FTA) for VAT mistakes, or the Ministry of Economy for related compliances.
- Informed Business Decisions
Accurate, reviewed financial data enables better decision-making. Stakeholders can rely on financial reports that reflect the true health of the company—helping plan investments, manage risks, and support growth.
- Strengthening Internal Controls
Regular accounting reviews can identify weaknesses in your internal controls and reporting procedures. Our services help fortify your internal processes, minimizing the risk of fraud, errors, and data inconsistencies.
- Improved Cash Flow Management
By thorough examination, BMS Auditing assists clients in managing their cash flow more effectively. By facilitating proper recognition of payables and receivables, we aid businesses in establishing sound cash flow forecasts.
Other Accounting Services offered by BMS Auditing
Monthly Accounting Services
Our monthly accounting and bookkeeping support maintains all your financial records accurately, systematically, and up to date so you can concentrate on business development.
Sales Audits
BMS Auditing performs rigorous sales audits to assess the validity of your revenue transactions, identify fraud, and improve the accuracy of financial reporting. We are registered with Emaar, Nakheel, Majid Al Futtaim, and all malls.
Engage Our Experts Today!
With heightened regulatory requirements and the imposition of corporate tax, accounting review services in Dubai and throughout the UAE are more critical than ever. By partnering with BMS Auditing, companies can be certain that their financial statements are correct, regulatory compliant, and ready for strategic decision-making.
Contact BMS Auditing today for a consultation and have your business financially safe and audit-ready!
