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Statutory Audit

Statutory Audit

A legally required check of the accuracy of the financial statements and records of a company or government.

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Why choose us
Established in Qatar since 2001
Professionally qualified auditors
Cost-effective & responsive
Compliance with international standards
Free initial consultation · No commitment
Overview

Statutory audit is a legal process required to review the accuracy of an organization's financial statements and records. It is compulsory for government institutions to monitor and evaluate their performance, and is also often called an external audit in most countries.

Who needs a statutory audit? Every public and private limited company has to undergo a statutory audit. Regardless of the nature of the business or turnover, these businesses are mandated to get their annual accounts audited each financial year.

The process

How it works

1
Engagement & scoping

We agree the scope, timeline and fee for your audit engagement.

2
Fieldwork & testing

Our team reviews controls, transactions and financial records on-site or remotely.

3
Findings & reporting

We report findings, adjustments and recommendations clearly.

4
Sign-off & follow-up

We finalise the audit opinion and remain on hand for any follow-up.

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Free Resource

Free Guide: Does Your Qatar Company Need a Statutory Audit?

Who needs a statutory audit in Qatar, why it matters for licensing and banking, and how the annual audit process works.

Download Free Guide →
FAQ

Frequently asked questions

In most cases, yes. Mainland limited liability companies (LLCs), branches of foreign companies, and entities licensed under the Qatar Financial Centre (QFC) or a Qatar Free Zone are generally required to have their annual financial statements audited by a licensed external auditor. The exact requirement depends on your legal structure and licensing authority — we can confirm what applies to you.

Statutory audits are carried out annually, covering the company's full financial year, and are typically completed ahead of commercial registration or trade license renewal deadlines.

Audited financial statements are commonly required to renew your commercial registration or trade license, open or maintain bank facilities, and qualify for government tenders — so missing an audit can hold up any of these. Requirements and consequences vary by licensing authority, so it's best to confirm your specific obligations with us.

Yes. We carry out statutory, internal, external and IFRS-aligned audits across mainland LLCs, branches, QFC-licensed entities and Free Zone companies.

It depends on the size and complexity of the business and how organised your accounting records are, but most small to mid-sized companies complete the process within a few weeks once documents are provided.

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