Sharjah · Financial reporting and preparation
Financial reporting and audit preparation for research, technology and innovation businesses. Organise development expenditure, project funding and commercial revenue before year-end.
SAIF Chartered Accountants · Scope and appointment confirmed before engagement.
Your reporting context
Sharjah Research, Technology and Innovation Park supports an innovation ecosystem with companies at different stages of development. A pre-revenue venture, a research collaboration and an established technology supplier should not receive an identical evidence checklist.
SRTI Park is not Dubai Science Park. Its accreditation process and company instructions must be checked separately, even where the businesses undertake similar research activities.
Authority and appointment checks
SRTI Park’s official company-information page links to an Audit Company Accreditation process. Confirm the proposed firm’s current acceptance and obtain the reporting and renewal instructions for your entity. We do not infer an exemption or a filing deadline from a business-setup package.
SRTI Park — company information and accreditation link ↗Authority accounts filing, licence renewal, a bank request and a Corporate tax return may require different documents and dates. Obtain the current instructions rather than assuming one submission satisfies every obligation.
Before accepting the audit, confirm the signing firm’s eligibility, independence, reporting framework and deliverables. Any additional accounting or advisory work must be separately assessed.
Business-specific evidence
The examples below help management organise the records. Actual audit procedures depend on the engagement, material balances and identified risks.
Separate feasibility work, research, prototypes and commercial development. Keep project authorisations, staff-time allocations and evidence supporting any capitalisation decision under the applicable accounting framework.
Retain award letters, milestones, eligible-cost conditions and reporting obligations. Reconcile receipts with expenditure and identify restricted, deferred or potentially repayable amounts rather than treating every receipt as sales.
Maintain asset locations, purchase records, commissioning dates and useful-life assessments. Distinguish consumables, demonstration units, equipment owned by collaborators and the company’s own assets.
Reconcile funding rounds, shareholder loans, shared staff and intellectual-property arrangements. Record agreements and valuations where relevant; an audit is not itself a fundraising valuation or a technical certification.
A practical evidence trail
Preparation workflow—not a promise of an audit opinion. Investigate differences rather than adjusting records simply to make totals agree.
SRTI Park document checklist
Use the same reporting period and trial balance version throughout. Keep sensitive information in an agreed secure channel.
Licence, incorporation records, ownership, financial year, previous accounts, prior audit report and current authority or stakeholder instructions.
Trial balance, general ledger, bank statements and reconciliations, customer and supplier ageing, payroll, assets, accruals and prepayments.
Research versus development expenditure; Grants and project funding; Laboratory equipment and prototypes; Investor and group transactions. Prepare the applicable schedules and explain how each agrees to the accounts.
Accounting policies, estimates, related-party balances, tax reconciliations, management approvals and a record of agreed adjustments.
Accounting and tax coordination
Missing reconciliations and inconsistent opening balances can delay both audit and tax work. Establish a monthly close, retain source documents and review unresolved balances before year-end.
We can discuss records held in Zoho Books, Odoo, Xero, QuickBooks or other systems. Keep exports, access permissions and responsibilities clear when an external accountant is involved.
Accounting and bookkeeping support →Free-zone incorporation alone does not settle Corporate tax treatment. Assess the actual activities, income and applicable conditions, supported by reconciled accounts and transaction evidence.
Group charges, financing and cross-border transactions may need separate transfer-pricing analysis. Agree this work explicitly rather than assuming it is covered by an annual audit.
Corporate tax services →Scope, fees and timing
Fees depend on transaction volume, contract complexity, record quality, locations, currencies and reporting users. Share the licence, year-end, trial balance and required deliverables for a tailored proposal.
Confirm whether cleanup, accounts preparation, tax advice, group schedules or additional reports are included. No fixed package fits every company.
Request a scoped proposal →Allow time for third-party evidence and management decisions. A desired deadline does not remove the need for sufficient evidence.
Frequently asked questions
Answers on requirements, approved auditors, records, fees and preparation.
Ask our team →Its official website links to Audit Company Accreditation. Ask the authority to confirm the current eligibility of the proposed signing firm before appointment.
No automatic treatment applies. Analyse the expenditure, project stage and recognition criteria under the relevant accounting framework; retain the evidence behind management’s conclusion.
No. Financial statement audit, technical testing, intellectual-property valuation and sustainability assurance have different purposes and must be separately scoped.
Confirm the proposed signing firm’s professional credentials, independence and current authority acceptance before appointment. An approval in another jurisdiction or a reference on a marketing website is not sufficient evidence.
Start with the licence, incorporation documents, reporting period, trial balance, general ledger, bank reconciliations and prior accounts. Add contracts and the sector-specific schedules described on this page, together with current authority correspondence.
Fees depend on the company profile, records, transaction volume, complexity and agreed deliverables. Share a non-sensitive brief and current trial balance for a scoped proposal. There is no universal fixed package.
Agree milestones after reviewing the records and reporting deadline. Missing evidence, confirmations, accounting judgments and management approvals affect completion; neither a guaranteed turnaround nor a clean audit opinion should be promised in advance.
Yes. Funding, licence costs, bank charges, deposits and other expenses can exist before sales begin. Determine the applicable audit and filing requirements separately; no revenue is not automatically the same as legal dormancy.
No. The entity’s activities, income and applicable tax conditions must be assessed separately. Keep the financial accounts and supporting tax analysis consistent rather than relying on the free-zone name alone.
We can discuss records maintained in Zoho Books, Odoo, Xero, QuickBooks or another system. Agree the required exports, reconciliations and secure access. Software reports do not replace contracts and source evidence.
Not automatically. Accounts preparation, cleanup, tax work and additional reports should be separately identified, priced and assessed for independence before the engagement is accepted.
Related insights
Broader UAE accounting and tax guidance. These articles do not replace SRTI Park instructions or entity-specific advice.
AccountingA practical monthly bookkeeping checklist for UAE businesses: collect source documents, reconcile balances, review tax schedules and prepare a clear management reporting pack.
Read insight ↗
Corporate TaxAssess QFZP eligibility, qualifying income, excluded activities, de minimis, substance, audit and transfer pricing requirements under UAE Corporate tax.
Read insight ↗
AccountingCompare outsourced, in-house and hybrid accounting for a UAE business. Understand deliverables, responsibilities, costs, software access and the questions to ask before appointing a provider.
Read insight ↗Shams auditors →Dubai Science Park auditors →All free-zone guidance →
Sources checked 21 September 2026. General guidance; confirm current rules, appointment eligibility and company-specific instructions before relying on a filing timetable.
SAIF Chartered Accountants
Tell us the entity, year-end and report you need. We will discuss the appropriate scope and next steps.
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