Special Purpose Audit
Independent assurance for specific requirements
Organisations may require an audit for a specific purpose beyond their regular financial statement audit. These engagements can arise from regulatory requirements, contractual obligations, financing arrangements, transactions or specific stakeholder needs.
Baker Tilly UAE provides special purpose audit services designed around the specific reporting framework, information or objective involved. We establish the scope and audit procedures based on the applicable requirements.
Our professionals perform focused audit procedures and provide independent reporting appropriate to the engagement. We work closely with management to ensure the process is structured, transparent and aligned with the relevant requirements.
Our specialised approach provides stakeholders with confidence in specific financial or operational information while addressing the particular objectives of the engagement.
FAQs
What is a Special Purpose Audit?
A Special Purpose Audit provides assurance over financial information prepared for a specific purpose, reporting requirement or stakeholder.
When is a Special Purpose Audit required?
Special purpose audits may be required for contractual, regulatory, financing, funding, shareholder or other specific reporting requirements.
How is a Special Purpose Audit different from a statutory audit?
A special purpose audit focuses on financial information prepared for a defined purpose, while a statutory audit addresses applicable statutory financial reporting requirements.
Who may require a Special Purpose Audit in the UAE?
Lenders, investors, regulators, shareholders, counterparties and other stakeholders may require specific assurance over financial information.
