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Registered Auditors in Dubai Airport Free Zone

Dubai Airport Free Zone Authority (DAFZA) is one of the fastest-growing economic zones in Dubai. The strategic approach of DAFZA to its investors and partners made it an ideal base to do business in a business-friendly environment. There are a remarkable number of global investors in DAFZA from various parts of the world as the region offers numerous benefits like 100% tax exemption and foreign ownership. The benefits of DAFZA are its location next to the airport, World-class infrastructure and facilities, Investor oriented management, 24/7 customs services, security and quick cargo clearance with the logistic centre. DAFZA registered companies are required to appoint a DAFZA approved auditor, who will inspect and report the accounts. As per the law, all the FZE and FZCO companies registered in DAFZA have to conduct an audit from approved auditors in the UAE.

DAFZA Regulations

  • Audit firms that are registered with the Dubai Airport Free Zone Authority (DAFZA) are only allowed to conduct the audit 
  • Auditing is mandatory for both Free Zone Establishment (FZE) also as Free Zone Companies (FZCO)
  • The registered companies suit local and international regulations like the International Financial Reporting Standards (IFRS), Anti-Money Laundering (AML) & Combating Financing of Terrorism (CFT)

Why DAFZA need External Audit?

Financial statements of businesses must be audited by DAFZA approved auditors. DAFZA requires regular external audits for all the firms registered under it at the end of each fiscal year. Under the circumstances:

  • If the business is required to renew the business license
  • To ensure the business compliance legally and ethically
  • To ensure the business is free from fraudulent or inappropriate activities

How External Audit Conducted in DAFZA?

  • An approved auditor in DAFZA is appointed to examine the financial statements prepared in accordance with standards
  • The auditors prepare the report based on the International Financial Reporting Standards (IFRS)
  • The audit report is submitted to DAFZA and make sure that books of accounts are complete and accounts present true and fair view of the company’s affairs 
  • The auditor must ensure that the corporate has not indulged the other activity except as permitted under its trade license
  • The Ministry of Finance and Federal Tax authority (FTA) rely on auditors reports for the trade license renewal
  • The auditor checks the VAT compliance of the firm and maintenance of financial records

CDA Auditors in Dubai Airport Free Zone Authority

CDA, an approved auditor of DAFZA, provides extensive business solutions. We help you to understand: 

  • The business insights, practices and measure the invalid business dealings 
  • We help you to earn a good audit score to enhance the goodwill of your company
  • We streamline the accounting and bookkeeping of your company
  • We enhance the reliability of VAT filings
  • We identify the revenue sources and communicate to the management
  • We conduct business valuation based on the audit reports and ensure financial stability with positive cashflow 
  • We provide a report on the accounts of both FZE and FZCO companies operating in DAFZA
  • We provide companies with a true and fair opinion on their economic conditions

CDA offers Financial Advisory Services, Tax Consulting Services, Management Consulting Services, VAT Registration, VAT Deregistration, Internal/External Audit for Companies, Business Valuation Services, etc. in UAE

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