Expert Inventory & Stock Audit Services in the UAE
Fixed Asset Checks & Audits in Dubai, UAE Keeping tabs on your company’s stuff is super important these days. Whether it’s buildings, machines, vehicles, or computers, making sure your fixed assets are checked and audited keeps things clear, legal, and financially sound.
At AEY Auditing of Accounts, our team of approved auditors in Dubai, UAE, provides complete fixed asset checks & audit services that follow International Standards on Auditing (ISA) and International Financial Reporting Standards (IFRS). This makes sure your business follows the UAE Commercial Companies Law and Federal Tax Authority (FTA) rules.
What's a Fixed Asset Verification & Audit?
A fixed asset check is when you physically look at, tag, and confirm all the stuff your company owns to make sure it exists, is in decent shape, and is valued correctly in your financial statements. Basically, it answers questions like:
- Are all the listed assets actually there?
- Are they working okay?
- Are there any missing, misplaced, or outdated assets that aren’t listed?
A fixed asset audit goes further, looking at how your assets are bought, kept up, depreciated, and gotten rid of. This audit makes sure your accounting records paint an honest of picture your company’s finances
Why Fixed Asset Checks & Audits Matter in the UAE
In the UAE, especially in places like Dubai, Abu Dhabi, and Sharjah, following the rules, being open, and having accurate taxes is super important.
Here's why this checkup is must:
Follow the Rules –Meet the requirements of the UAE Commercial Companies Law and FTA audit rules.
Accurate Finances – Keep your asset values from being too high or too low.
Stop Cheating – Find any ghost assets, theft, or misuse of company stuff.
Tax Smart – Make sure depreciation and asset types are right for correct tax filing.
Know Your Stuff – Get a handle on your physical and financial assets.
Besides just following the rules, checking your fixed assets makes your company look better and gives investors confidence, especially if you’re planning to grow, merge, or face an FTA tax audit. Showing you have accurate asset records proves you’re trustworthy in the UAE business world.
Our Wide-Ranging Fixed Asset Check & Audit Services
At AEY Auditing of Accounts, we have a full set of assets checking and audit services custom-made for businesses in all sorts of industries from building and real estate to factories and hotels.
Services | Description |
Physical Check & Asset Tagging | Go on-site, put labels and tags on everything with barcodes or RFID so you can track and control it easily. |
Asset Value & Depreciation Policy Review | Look at how your company values, classifies, and depreciates assets to make sure it fits with IFRS and local accounting laws. |
Asset Disposal & Damage Analysis | Check out assets that are junked, broken, or outdated to make sure they’re accounted for right and valued correctly. |
Asset List Upkeep & Audit Log | Make and regularly update your fixed asset list, with a clear audit log for future checks. |
We also do custom digital asset checking, | using mobile scanners, online register |
audit dashboards | that work with ERP systems. |
This lets companies check fixed assets in real-time and smooth out data control across offices in Dubai or the UAE.
Our Fixed Assets Audit Procedure
Our fixed asset audit steps are set up to make sure things are correct and compliant every step of the way:
- Plan Ahead – Get to know the client’s business, assets, and rules.
- Physical Check – Go on-site and match asset tags with accounting records.
- Compare & Report – Line up physical data with financial statements to find any differences.
- Depreciation Review – Look at how depreciation is calculated.
- Check Compliance – Make sure everything follows IFRS, ISA, and FTA rules.
- Final Report – Give a detailed audit report with findings, problems, and advice on how to get better
Industries We Serve
We check and audit fixed assets for all kinds of industries in the UAE, including:
- Real Estate & Construction
- Manufacturing & Industrial Firms
- Logistics & Transport
- Hospitality & Tourism
- Healthcare & Pharmaceuticals
- Retail & E-commerce
- Educational Institutions
Is Fixed Asset Verification & Audit Mandatory in the UAE?
Not every business has to do an asset check every year, but it’s a really good idea under UAE accounting and FTA rules to keep your finances clear and correct. Companies with lots of assets or those going through official audits, mergers, or valuations should definitely do regular checks. If you don’t keep good asset records, you could face:
- Tax fines from the Federal Tax Authority (FTA)
- Wrong financial statements
- Problems during checks or outside audits
If you’re trying to get a bank loan, investor money, or get approved for bids, having a checked fixed asset list from an approved audit firm like AEY Auditing makes you look more trustworthy and financially stable.
Why choose AEY Auditing of Accounts?
- Registered & Approved Auditors in Dubai Fully licensed under UAE rules and recognized by big banks and free zones.
- IFRS & ISA Experts Our auditors make sure you follow international accounting and audit rules.
- Custom Audit Plans We change our checking steps to fit your business size, asset type, and industry.
- Modern Tech Tools We use digital tagging, automatic asset lists, and up-to-date comparison software.
- Trusted by Top UAE Businesses Our clients include small and medium-sized businesses, big companies, and government groups.
- Secrecy & Accuracy We keep your financial and asset info safe and secret.
Client Testimonials
Pricing Package
Package | Features | Starting from |
Basic | Physical check & tagging for up to 100 assets | 2,500 AED Standard |
Standard | Check, tagging, and asset list upkeep | 4,500 AED |
Premium | Full check, depreciation review and compliance reporting | 6,500 AED |
FAQs
What's fixed asset checking in auditing?
Do you have to do a fixed asset check in the UAE?
How often should businesses check their assets?
What papers do you need for a fixed asset audit?
Asset list, purchase papers, depreciation schedules, disposal records, and past audit reports.
Can AEY Auditing handle big asset checks in lots of places?
Yes. AEY Auditing has the experience and team to handle audits across many locations in the UAE.
