Business preparation guide · 29 October 2026
What should a RAKEZ business discuss before appointing an auditor?
Use this guide to prepare a focused business enquiry and agree a useful professional engagement. It covers information gathering and project planning. Entity-specific tax, legal and accounting conclusions require qualified review of the facts and current requirements.
Where can I check DSB's RAKEZ auditor status?
Consult RAKEZ's official approved-auditor directory and match the firm name to the proposed engagement letter. DSB Chartered Accountants LLC was listed when checked on 29 October 2026. Directory entries should be rechecked at appointment.
What information helps scope a RAKEZ audit?
Share the entity's licence details, activities, reporting year, accounting system, number of bank accounts and availability of financial statements. Explain whether the business has inventory, related-party balances or overseas operations so the information request can be tailored.
Should accounting cleanup be agreed before a RAKEZ audit?
Tell the auditor about unreconciled balances, missing invoices and incomplete schedules at the outset. Ask for a clear separation between record preparation and independent audit responsibilities, including any independence considerations and the effect on timing.
How should RAKEZ audit submission responsibilities be agreed?
Ask the engagement team to specify the report recipient, expected documents and who handles submission. Confirm the current requirements with RAKEZ for your particular entity. Keep authority correspondence with the audit planning file rather than relying on a generic checklist.
Turn the discussion into an agreed scope
Write down the objective, the entity and period involved, the information already available and the decisions still needed. Ask the proposed engagement team to identify the next information request and the person responsible for each response. Keep technical assumptions separate from verified facts.
Before work starts, confirm the deliverables, review process, fees and exclusions in writing. Ask how additional work will be approved and how confidential documents will be exchanged. This preparation supports an informed proposal; it does not determine the business’s legal or tax position.
Authoritative reference
Consult the relevant authority or reporting-standard source for current requirements. This guide provides preparation steps and does not reproduce the authority’s full rules.
Prepared by DSB Chartered Accountants LLC Technical positions, calculations, thresholds and filing decisions should be reviewed by the appointed professional for the relevant period.
Discuss the scope with our RAKEZ audit team.