DAFZA Approved Auditors

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

Get in touch with us to start a discussion and our experts will offer you a one-hour free consultation.