Khalifa Industrial Zone Abu Dhabi Approved Auditors
Khalifa Industrial Zone Abu Dhabi (KIZAD) is the leading industrial and manufacturing-related zone in Abu Dhabi & the UAE as a whole. They provide industrial machinery, construction services and building grounds. In order for your manufacturing business to grow, proper auditing is required.
Why is Khalifa Industrial Zone Abu Dhabi Auditing required?
In the United Arab Emirates, accounting is essential to every type of organisation. This is because accounting makes it possible for a company to track its trade payables and receivables, extract and analyse its financial data, and offer correct data that is required to produce its financial statistics. If the accounting procedure contains any errors:
| – | There will be fraud in the financial data displayed. |
| – | Your payables and receivables may become misplaces and you can lose track of them. |
| – | Errors may be found in the released materials by the government. |
The GCC may find this disastrous given how important the UAE is to commerce and business. As a result, any errors committed throughout the accounting process may be seen as fraudulent conduct, which may result in severe fines or even the revocation of the business’s government licence!
Auditing can assist in preventing that. Finding and eliminating mistakes from books and accounting records is the primary objective of auditing. You might be able to avoid paying the government penalty for submitting false information by doing this.
How should companies prepare & maintain accounting records for a Khalifa Industrial Zone Abu Dhabi Auditor?
All companies operating within the KIZAD are required to maintain accurate, thorough, and up-to-date accounting records that appropriately reflect their financial status. International Financial Reporting Standards (IFRS) and Anti Money Laundering (AML) rules, among other UAE-specific regulations, must be followed when completing the trial balance, income statement, and balance sheet. The auditor cannot start the auditing process unless they have all the required accounting records.
Requirements to hire an Auditor in Khalifa Industrial Zone Abu Dhabi:
The KIZAD Auditing Company has two requirements that it must fulfil.
There needs to be an outside examination. While accounting can be completed both internally and externally, an independent auditing firm is required to complete the audit. This is due to the fact that auditing is a sophisticated area of accounting, and admission to it requires a number of degrees and certificates.
The free zone must provide its approval to the auditor. The KIZAD Authority should authorise the auditing business to audit KIZAD companies. KIZAD authorities have given permission to Mubarak Al Ketbi Chartered Accountants to audit KIZAD companies.
Benefits of Auditing with Mubarak Al Ketbi Chartered Accountants in Khalifa Industrial Zone Abu Dhabi:
Working with us on an audit has the following advantages:
| 1. | Excellent services for audits. |
| 2. | Outstanding customer service |
| 3. | Reports that are submitted on schedule. |
| 4. | Complete guarantee of client satisfaction |
| 5. | Removes every error committed during the accounting process |
| And more! |
How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your Khalifa Industrial Zone Abu Dhabi Company?
The tedious, external auditing process is time-consuming to finish. Working with a qualified auditor is therefore better to using a cheap one. Mubarak Al Ketbi Chartered Accountants is the top auditing firm in Abu Dhabi. We are authorised to conduct an audit of companies held by KIZAD, both by the Ministry of Economy and the KIZAD Authority. In addition to other services, we offer corporation tax, accounting, auditing, and business dissolution. We have over 20 years of experience and over 2,000 satisfied clients under our belt. Contact us right now, and we guarantee an amazing experience!