JAFZA Approved Auditors

Jebel Ali Free Zone Authority – JAFZA

JAFZA - Jebel Ali Free Zone Authority provides global connectivity by simplifying your business operations within the dynamic Dubai market. It acts as the centre of trade and offers end to end solutions to businesses that operate within the zone. It has the best trade partners and logistics providers to enhance the supply activities with efficient sea-air hubs. JAFZA offers the following business activities licenses:

• To carry out trading activities
• To carry out manufacturing activities with new product developments
• To carry out services activities
• To carry out buying and selling of goods and services via any electronic means
• To carry out offshore businesses

Benefits of JAFZA Approved Auditors

• We provide cost-effective and efficient solutions to the problems which are faced by the business in JAFZA
• We ensure efficiency in making all the services and transactions very seamless and transparent
• We offer customised business services for the businesses which will suit the business operations
• We help you to understand your business and the business trends and then make more informed decisions

How External Audit is Conducted in JAFZA?

Auditing by JAFZA approved auditors is mandatory for the registered companies within Jebel Ali Free Zone Authority. The Jebel Ali Free Zone Authority has stipulated a number of businesses registered under it. In order to renew their license without any failure, external audits are conducted. The subsequent documents required while conducting auditing are:

• Bank statements
• Credit/ debit confirmation for all financial transactions in the Books of Accounts
• All invoices-purchases and sales
• Trade License, Memorandum of Association (MOA), Articles of Association (AOA)
• VAT certificate

As per the regulations of JAFZA, an approved auditor is appointed who is registered with the JAFZA. The auditor examines:

• Trading activities of the company as in the trade license
• Accuracy of financial statements and records
• Compliance of financial statements with the standards
• Financial abnormalities such as fraud, money laundering, creative accounting etc.
• Vat compliance and record maintenance

If the auditor finds the company’s accounts do not agree with the accounting records it must be stated in the auditor's report. The authorities require a true and fair view of the financial practices within the companies. JAFZA approved auditor submits annual accounts reports along with the auditor's opinion.

If a company in JAFZA fails to submit the audited financial statements:

• It will be liable to pay a penalty for non-compliance of the JAFZA regulations
• The non-renewal of their trade license occurs

Companies can request for an extension of the deadline for the submission of the audit reports from the approved auditors in JAFZA. 

CDA Auditing Services in JAFZA

CDA is a highly regarded audit firm in Dubai, UAE. Being an auditing firm, CDA offers the following service activities:

• We assure your financial statements are true and accurate
• We examine the audit report reflects an honest opinion on the financial aspects of the company
• We assure the compliance of books of accounts with international standards.
• We use advanced audit techniques and data analytics with 100% accuracy
• We Identify the weakness of internal control procedures and provide recommendations.
• We prepare and present the audit work timely as per client requirements
• We issue high-quality audit reports compliant with JAFZA regulations

CDA, an approved auditor in JAFZA offers various services including Financial Advisory Services, Tax Consulting Services, Management Consulting Services, VAT Registration, VAT Deregistration, Internal/External Audit for Companies, Business Advisory Services, etc. in UAE.

As a JAFZA approved auditor, we offer the best services to the management. Get in touch with us, our auditors in JAFZA will give you a one-hour free consultation.