Is an audit mandatory for ICV certification?

Yes — audited financial statements are typically required to obtain an ICV certificate.

How long does ICV certification take?

Once audits are complete, ICV processing usually takes 2–4 weeks, depending on data quality and certifier workload.

Can a small company apply for ICV?

Yes. If you have audited financials and documented local spend, you can be evaluated and issued an ICV certificate.

Will ADNOC accept unaudited accounts?

No. ADNOC generally requires audited statements as part of supplier registration and scoring.

How can Inbooks help improve my ICV score next cycle?

We provide actionable recommendations: increase UAE purchases, hire and document local workforce, align trade license activities and capitalize eligible local spend.

Services - Inbooks Financial Services LLC

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inbooks Inc.

July 4, 2025

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Bookkeeping & Accounting

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