Approved Auditors in DAFZA
Dubai Airport Free Zone (DAFZA) is a free zone located in Dubai, UAE. They proudly benefit from the close location to the world’s business international airport; Dubai International Airport, which offers imports and connections to the Middle East, Europe, the Indian Subcontinent and the Far East. They house more than 2900+ businesses from many sectors and industries. To make sure that your business thrives, there must be a proper and established auditing system for your company. This article will discuss Auditing in Dubai Airport Free Zone, as well as:
| – | Why is Auditing needed in DAFZA? |
| – | How to set up accounting records for auditors? |
| – | Auditing Services in DAFZA: |
| – | Documents required for Auditing Services in DAFZA: |
| – | How can Mubarak Al Ketbi Chartered Accountants help you in Auditing? |
Why is Auditing needed in DAFZA?
When you have a moderately sized company in a free zone, you have to maintain accounting books and practices. They can be done either by yourself or by third-party services. However, it is very likely that mistakes will be made. These mistakes, especially for a large business, are fatal since they can lead to very hefty fines and even possible detainment. Your VAT filings, Financial Statements, and the recent corporate tax all depend on correct accounting, also known as auditing.
How to set up accounting records for auditors?
Accounting records, together with sufficient supporting documentation to justify transactions, must be kept up to date by the firms. The documents must fairly and accurately reflect the company’s financial situation. A fair picture of the profit and loss and financial status for the specific year must be shown in the accounting records, which must also conform with IFRS and FTA.
Auditing Services in DAFZA:
It is mandatory for all businesses functioning inside the Dubai Airport Free Zone to choose an auditor from the list of approved auditors approved by the Dubai Airport Free Zone Authority (DAFZA). One of the best accounting and auditing companies in the United Arab Emirates is Mubarak Al Ketbi Chartered Accountants (MAKCA). The Dubai Airport Free Zone Authority has registered MAKCA. The certified chartered accountants at MAKCA examine and report on the financial statements of FZE and FZCO businesses that are active in DAFZA. In order to guarantee that the company’s accountsare free of any material misstatements and comply with local as well as international regulations like IFRS, Anti Money Laundering (AML), and Combating Financing of Terrorism (CFT), MAKCA auditors also offer companies a true and fair opinion on their financial condition.
How can Mubarak Al Ketbi Chartered Accountants help you in Auditing?
As you have read, choosing the right auditor is much better than saving costs with a crummy one instead. Mubarak Al Ketbi Chartered Accountants can provide high-quality services in Accounting, Auditing, Liquidation, Corporate Tax, and more. Our team is experienced in DAFZA Auditing, as we have over +2000 happy customers and +20 years of experience working in the UAE. If you have any questions, you can reach out to us by email, phone or book an online meeting. Contact us today, and we guarantee you excellent service!
Documents required for Auditing Services in DAFZA:
The documents required are:
| 1. | Financial Statements. |
| 2. | Bank Statements. |
| 3. | Credit/ debit confirmation for all transactions. |
| 4. | Proof of bills and invoices. |
| 5. | Memorandum of Association (MoA). |
| 6. | Articles of Association (AOA). |
| 7. | Trade License. |
| 8. | Registration Details for VAT and Excise Tax. |
| 9. | Books of Accounts. |