QUICK COMPLIANCE CHECKLIST

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Prepared for: Anyone who’s Feeling Insecure with their Books & Accounts

Version: 2025 - Streamlined Edition

Time to Complete: 4 – 6 minutes

HOW TO USE

Internal accuracy & controls (18 items) — 2 to 3 minutes
Check each box. Track your score. Know your gaps

Company Name

Phone Number

Check each box. Track your score. Know your gaps.

Financial Accuracy & Control Assessment

Scoring: 1 Criteria is 1 point / Total possible = 18 points

CASH & BANK CONTROLS

Bank statements reconciled to ledger EVERY month

Reconciliation signed off by someone other than check writer

All outstanding items cleared within 30 days

FRAUD PREVENTION & SEGREGATION OF DUTIES *

No single person authorizes AND records the same transaction

Check writer is different from reconciliation reviewer

Different people handle approving purchases, recording invoices, making payments

Required

DOCUMENTATION & AUDIT TRAIL

All transactions have supporting documents (invoices, receipts, etc.)

Supporting docs linked to ledger entries with reference numbers

Adjustments clearly marked as separate entries (not edits)

Who entered each transaction is documented/tracked

MONTHLY CLOSE & QUALITY REVIEW

Bank reconciliation completed before closing books

Accounts payable reconciled to vendor statements

Someone OTHER than transaction recorders reviews final numbers

Unusual items investigated and documented

SALES, ACCOUNTS RECEIVABLES AND CUSTOMER MANAGEMENT

Customer credit checks performed before extending credit.

Receivable aging reviewed and collection process handled promptly

Bad debt provisions reviewed

Discounts and returns approved and documented

INTERNAL SCORE

Items Checked______ / 18

Rating:

✅ 15 -18 : Excellent internal controls

⚠ 10 -14 : Good but gaps exist

❌ Below 9: Serious weaknesses — get professional help

Top Gap to Fix:

EXTERNAL COMPLIANCE CHECKPOINT

External compliance (20 items) — 2 to 3 minutes

Check each box. Know your levels. Be ready with FTA protocols

Scoring: 1 Criteria is 1 point / Total possible = 20 points

CORPORATE TAX (FTA)

Corporate Tax Registration Number (CT TRN) obtained from FTA

Business classified correctly (Resident/Non-Resident)

Tax return filed within 9 months of year-end

Supporting documents organized: financial statements, profit reconciliation, TP docs

VAT COMPLIANCE

Valid Tax Registration Number (TRN) on all invoices

All VAT invoices include supplier name/TRN, date, description, VAT amount

VAT returns filed on time (monthly or quarterly per schedule)

All sales & purchase invoices are retained for minimum 5 years

FINANCIAL STATEMENTS & AUDITS

Financial statements prepared in compliance with the IFRS standard

Audited by approved auditor (if revenue > AED 50M)

Related-party transactions disclosed

All audit findings from prior years addressed

FTA PORTAL ACCOUNT

FTA portal account active and monitored

No outstanding penalties or tax disputes

Audit response procedures documented (who handles FTA requests)

All key compliance documents organized & accessible

REGULATORY DEADLINES & UPDATES

Calendar system in place for tax filing deadlines

Recent FTA regulatory changes reviewed and implemented

Books of accounts maintained and retained for at least 5 years from end of fiscal year (or longer if local law / free-zone requires)

Compliance with the laws of Mainland / freezone companies

EXTERNAL SCORE

Items Checked______ / 20

Rating:

✅ 16-20: FTA-ready position

⚠ 12-15: Good compliance, some gaps

❌ Below 12: High risk — urgent professional review needed

Top Gap to Fix:

Overall Rating:

32-38 (84-100%): Excellent compliance — maintain it

23-28 (60-74%): Good compliance — address yellow areas

Below 23 (Below 60%): Compliance risk — professional review needed

NEXT STEPS

Please send the filled Checklist to our email or WhatsApp with:-

Your Top 3 Priorities:

Contact Pente & Lumen

Email: info@pentelumenae.com / pentelumenae@gmail.com

Phone: +971 56 701 1055

Website: www.pentelumenae.com

We Fix:

Internal control gaps & bookkeeping issues FTA compliance & tax filing

Audit preparation & representation

Last Updated: December 2025

THANK YOU

Thank you for taking the time to assess your accounts with the Internal Compliance Checklist. If you prefer to discuss your results in person, you are welcome to walk in and meet the team at:

Pente & Lumen Accounts and Book Keeping L.L.C
Horizon Building – Office #02, 6th Floor
Near Deira Clocktower
Port Saeed – Deira
Dubai – United Arab Emirates.

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