Abu Dhabi groups rarely have one tidy set of books. A clinic operator might hold an ADGM holding company, a mainland operating licence issued through ADDED and a handful of service contracts, each with its own ledger. Young & Right prepares the records and schedules your auditor will ask for, and we coordinate the exchange of information with the audit team. We do not issue audit opinions; that work belongs to your independent auditor.
Request a ConsultationTrial-balance review for each legal entity in your Abu Dhabi structure
Intercompany balance matching between ADGM, free-zone and mainland entities
Insurance receivable and patient-billing ageing for healthcare operators
Contract revenue, retention and work-in-progress schedules for project businesses
Fixed-asset registers tied to purchase invoices and depreciation policy
A tracked list of auditor requests with named owners inside your team
Collect the year-end trial balance for every entity, the trade licence or registration certificate for each, signed prior-year financial statements and the bank statements covering the full period. Add receivable and payable listings, loan or lease agreements, payroll summaries and the main customer and supplier contracts. If an insurer or government body pays you, bring remittance advices and rejection reports too. It also helps to tell us which authority receives the accounts and the date by which the auditor needs the first batch.
Our first task is usually a simple entity chart. It shows which company owns which licence, who employs the staff, which entity signs customer contracts and where cash actually sits. ADGM companies follow the registration and reporting framework of that financial free zone, whereas a company licensed through the Abu Dhabi Department of Economic Development (ADDED) answers to a different regulator. Your auditor will want to know which rules apply to each entity, so we write that down early and confirm the details with the relevant authority or with your auditor.
Once the chart is agreed, we compare balances that two entities should both show. Management fees, shared-service recharges and shareholder loans are the usual culprits, and a mismatch of a few thousand dirhams between two ledgers can take days to trace if nobody has looked before the audit begins.
Many Abu Dhabi clients are clinics, pharmacies or contractors serving government-linked customers. For these businesses, revenue recognition rarely follows the cash received. Claims are submitted, partly rejected, resubmitted and eventually settled, so the receivable balance depends on how well the billing system agrees to the ledger. We rebuild the ageing from claim-level data and flag balances that look doubtful so that management can decide on provisioning before the auditor raises the question.
Only an independent auditor who is eligible under the rules of the relevant authority can sign an audit report. Whether an audit is required at all, and who may perform it, depends on the legal form, the licence conditions and the authority that supervises the entity. We act as the finance-side contact: answering routine queries, supplying support documents and keeping management informed about what is still open. Young & Right has no role in forming the auditor's opinion and we say so at the start of every engagement.
Not necessarily. ADGM has its own registration and reporting framework, and a mainland company follows the requirements linked to its licence and legal form. Confirm the position for each entity with the relevant authority or your auditor before fixing a timetable.
We can help you prepare a clear brief and compare proposals on scope and timing, but the choice and the appointment belong to the company's owners or board. Any auditor must be eligible for the authority concerned.
Begin with the entity chart and the intercompany balances. Once those agree, each entity's schedules are far quicker to finish, and the auditor can follow one consistent story across the group.
Yes. Auditors often raise control observations or suggest adjustments. We can turn these into a short action list, update the ledgers and tighten the monthly close so next year's file starts cleaner.
Send us your entity list and the date your auditor expects the first documents. We will respond with a proposed scope that reflects your structure and your reporting authority. Final audit requirements and decisions remain with the authority and your auditor.
