🔹 Limited Review in the United Arab Emirates

In today’s dynamic business environment in the UAE, companies are constantly seeking reliable financial assurance without undergoing a full audit.

This is where the Limited Review service comes in — a practical and cost-effective solution that provides a moderate level of assurance within a shorter timeframe.

This service is conducted in accordance with International Standard on Review Engagements (ISRE 2400) issued by the International Federation of Accountants (IFAC), and is recognized by the UAE Ministry of Economy and the Securities and Commodities Authority (SCA).

🔹 Definition: A limited review is a type of assurance engagement in which the auditor provides moderate assurance on financial statements or specific financial information. The auditor expresses their conclusion in a negative form, such as:

“Nothing has come to our attention that causes us to believe that the financial statements are not prepared, in all material respects, in accordance with the applicable accounting standards in the UAE.”

🔹 Difference from a Full Audit: Unlike a full audit, a limited review involves less detailed procedures, relying primarily on analytical reviews and inquiries rather than comprehensive testing. This makes it faster and more cost-efficient, while still providing a credible level of assurance

A limited review is ideal in the following cases:

• Interim financial reporting (quarterly or semi-annual reports) for listed or regulated companies.
• Sustainability and ESG disclosures (Environmental, Social, and Governance reports).
• Financial due diligence prior to mergers, acquisitions, or partnerships.
• When management or investors require quick and reliable assurance without a full audit.

• Planning: Gain an understanding of the client’s business and environment to identify focus areas and potential risks.
• Execution: Perform analytical procedures and inquiries to identify any indications of material misstatement.

1. Reporting: Issue a limited assurance report using professional wording and a negative conclusion format.

✅ Flexibility: Enables companies to issue financial reports quickly and comply with UAE market and regulatory requirements. ✅ Efficiency: Provides reliable third-party assurance with less time and cost than a full audit. ✅ Credibility: Demonstrates transparency and good governance, enhancing your reputation with investors and financial institutionsthe Limited Review Service?

The Limited Review is a strategic tool for UAE companies seeking a balance between speed, reliability, and cost. While it does not replace a full audit, it offers sufficient assurance for interim reports and critical business decisions.

“Limited review is a smart choice for UAE companies seeking transparency without complexity or excessive cost.”