Internal auditing is an unbiased, independent review of an organization's finances, controls, and processes. Capella's internal audit services in Dubai help UAE businesses mitigate risk, strengthen their control environment, and improve the effectiveness of their strategies.
Internal auditing is a service that provides an unbiased and independent review of an organization's finances. The information it produces assists professionals in mitigating organizational risk, controlling the environment, and improving the effectiveness of strategies.
A professional auditor performs this service by evaluating an organization's books and controls and identifying weaknesses in the processes, helping a company in Dubai streamline its finances and improve management.
FTA complianceOn track
Filed on time100%
The Role of an Internal Auditor
Capella is a multidisciplinary team of experts skilled in financial and operational internal audits, business process evaluation, risk assessment, and internal controls, supplementing your organization's existing internal audit capabilities.
Evaluate the effectiveness of internal controls and risk management systems
Identify financial and operational risks within the organization
Ensure compliance with laws, regulations, and company policies
Review financial records for accuracy and reliability
Detect and prevent fraud, errors, and irregularities
Provide recommendations for better financial and operational controls
Advantages of Internal Auditing
Internal auditing helps businesses strengthen their internal controls, reduce risks, and ensure compliance with regulations. It improves the accuracy of financial information, detects fraud or errors, and enhances operational efficiency.
Overall, internal auditing supports better decision-making and builds trust among stakeholders.
Stronger internal controls and reduced risk
More accurate and reliable financial information
Fraud and error detection
Improved operational efficiency
Greater stakeholder trust and accountability
Our Audit Approach
Adhering to a strict internal audit process is critical to ensuring the proper operation of the business. We monitor the implementation of corrective actions and audit findings, and support management in decision-making with reliable insights to enhance overall corporate governance and accountability.
At a glance
Improve efficiency of business processes and operations
Monitor implementation of corrective actions and audit findings
Support management decision-making with reliable insights
Enhance overall corporate governance and accountability
Why Capella
Why choose Capella
FTA-registered Tax Agent ensuring full compliance with UAE regulations
Multidisciplinary team of certified, experienced audit and accounting experts
Strict data protection and secure systems safeguard your financial information
Consistent, high-quality work with timely, accurate reporting
Independent, unbiased reviews that strengthen governance and reduce risk
How We Work
Our Internal Audit Process
01
Step 1
Scoping & Risk Assessment
We meet your leadership to understand the business, map key processes, and rank risk areas so audit effort lands where it matters most.
02
Step 2
Planning & Control Walkthroughs
We document existing controls across finance, procurement, payroll and operations, then build a tailored audit plan and testing programme.
03
Step 3
Fieldwork & Testing
We test transactions, reconcile records, and assess whether controls operate effectively, gathering evidence for every finding.
04
Step 4
Reporting & Recommendations
You receive a clear report ranking each finding by risk, with practical, prioritised recommendations management can act on.
05
Step 5
Follow-Up & Monitoring
We track remediation of agreed actions and re-test in later cycles so improvements stick and risk keeps trending down.
Penalties
What non-compliance costs you
ViolationPenaltyHow Capella helps
Failure to maintain accounting records and supporting documents required under UAE tax law (e.g. ledgers, invoices, contracts, stock records).AED 10,000 for the first violation and AED 20,000 for each repeat violation, under Cabinet Decision No. 75 of 2023. Records must be kept for at least 7 years under Federal Decree-Law No. 28 of 2022 on Tax Procedures.Internal audit checks that your books, source documents and retention controls are complete and audit-ready, closing record-keeping gaps before the FTA finds them.
Not preparing or submitting audited financial statements where they are mandatory for Corporate Tax purposes.Under Ministerial Decision No. 84 of 2025 (tax periods on or after 1 January 2025), audited financials are mandatory for taxable persons with revenue exceeding AED 50 million, all Qualifying Free Zone Persons regardless of revenue, and all Tax Groups. Non-compliance exposes the business to administrative penalties and rejection of its tax position.We assess audit-readiness early, confirm whether the mandate applies to you, and ensure financials are prepared to the standard required for statutory audit and FTA filing.
Failure to provide access, records or assistance to FTA auditors, or obstructing a tax audit (which follows at least 10 business days' notice).AED 20,000 under Cabinet Decision No. 75 of 2023. Non-cooperation may also lead the FTA to estimate the tax position from available information.A strong internal audit function keeps documentation organised and accessible, so you can respond to an FTA audit quickly and fully without triggering obstruction penalties.
Accounting, tax & audit under one roofRarely Yes Yes
Local UAE / FTA expertiseVaries Yes Yes
FTA Approved
An FTA-registered & approved tax agency in the UAE.
Tax Agent (TAN): 30000939 | TAAN: 20011987
Capella Tax Consultancy L.L.C is an FTA-approved Tax Agent in the UAE, helping businesses stay compliant with tax regulations. We provide VAT registration, VAT return filing, tax advisory, compliance reviews, and corporate tax services across all seven Emirates.
DubaiAbu DhabiSharjahAjmanAll UAE
FTA Registered Tax Agent
FAQ
Frequently asked questions
Internal audit is generally not a statutory requirement under UAE Federal Tax Authority rules for most private companies, unlike the external/statutory audit that QFZPs and businesses with revenue over AED 50 million must obtain. It is voluntary for most SMEs but is often required by free zone authorities, banks, investors, or a company's own board for governance and risk control.
An internal audit is an independent, ongoing review of your internal controls, processes, and risk management commissioned by management or the board to improve operations. A statutory (external) audit produces FTA-recognised audited financial statements that Qualifying Free Zone Persons and taxable persons with revenue above AED 50 million must maintain for Corporate Tax.
Internal audit reviews your VAT records, Corporate Tax calculations, and supporting documentation before filing, helping catch errors that could trigger FTA penalties. It strengthens the controls that ensure your records meet the FTA's record-keeping standards, which generally require documents to be retained for a specified number of years.
Typically you provide trial balances, the general ledger, bank statements, invoices and contracts, VAT and Corporate Tax returns, payroll records, and documentation of your internal policies and controls. The exact scope depends on the risk areas and objectives agreed at the start of the engagement.
Fees vary based on your company's size, transaction volume, number of locations, and the audit scope, so there is no fixed FTA-set rate. Capella provides a tailored quote after understanding your business, and you can contact us at info@capella.ae or +971 4 342 2169 for a scoped estimate.
Testimonials
What clients say about Capella.
Capella has been a game-changer for our business. Their team is knowledgeable, responsive, and always ensures we stay compliant.
SME
SME ownerDubai
Professional, proactive, and always available when we need them. They handle our accounting, VAT, and corporate tax with complete accuracy.
TC
Trading companySharjah
Their insights go beyond compliance. Capella helps us understand our numbers better and make smarter financial decisions.
