DAFZA Approved Auditor Statutory Audit Services
Get professional DAFZA audit services for your free zone company. We provide statutory audits, IFRS financial statements, audit reports, and DAFZA submission support.
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What a DAFZA Approved Auditor Does
Not every auditor can sign off on your DAFZA financial statements. The Dubai Airport Free Zone Authority only accepts reports from firms on the DAFZA approved auditors list. Your annual external audit is invalid without an auditor registration number issued directly by DAFZA. Only DAFZA listed firms may conduct a statutory audit for companies registered in the free zone.
Your licensed auditor must produce IFRS compliant financial statements reflecting a true and fair view of your company. The audit report must come from an approved audit firm with an active DAFZA Registration Number. These firms operate under a recognised audit and assurance practice, staffed by chartered accountants or certified public accountants. A DAFZA recognized auditor meets every regulatory audit requirement under the free zone’s external audit framework.
Who Must Appoint a DAFZA Approved Auditor
Every DAFZA registered company must appoint an approved auditor before license renewal. This covers a Free Zone Establishment FZE, a Free Zone Company FZCO, and a branch of foreign company. A Dual Licence company holding both a mainland operating permit and a trading license falls under the same rule. The mandatory annual audit is a core condition under DAFZA Rules and Regulations.
Law No. 2 of 1996 established the original audit framework for free zone entities in Dubai. Law No. 25 of 2009 extended these obligations to dual licence FZE/FZCO structures operating with the Department of Economic Development. Every DAFZA member company must comply with DAFZA regulations regardless of revenue size. Missing this step blocks your license renewal requirement and flags your entity with DAFZA authorities.
DAFZA Audit Requirements and Deadlines
Missing your filing deadline puts your trade license renewal at direct risk. DAFZA requires audited financial statements submission within a 90 day submission deadline after your financial year end. A delayed filing penalty applies to every company that misses the audit submission window. Non compliance consequences include license suspension and serious regulatory complications.
Federal Law No. 2 of 2015 under the Commercial Companies Law governs how UAE companies maintain financial records. Every DAFZA registered company must meet a 6 year retention requirement for all financial data under the accounting record retention period rule. A late submission penalty compounds when paired with a license renewal deadline breach. Ignoring compliance risk at this stage creates compounding issues that delay your full license renewal deadline clearance.
15+ Years
Experience in UAE
1,000+
Clients Served
FTA Registered
Tax Agency
Approved
Free Zone Audit Specialists
How the DAFZA Audit Process Works
Initial Review of Company Records and Financial Year
Your auditor starts with a full company records review covering your general ledger and trial balance. They examine prior year financial statements to understand your financial position review. An audit engagement letter confirms the engagement scoping before work begins. This initial assessment locks in the financial year and sets the accounting records baseline.
Document Collection and Audit Planning
Incomplete required financial records cause the biggest delays in audit planning. Your auditor collects bank statements, sales invoices, and purchase invoices early. They set materiality thresholds and define the audit scope through a clear risk assessment. The engagement timeline is confirmed before document collection closes.
Testing, Audit Evidence, and Management Queries
Weak internal control procedures get flagged during substantive testing of your accounts. Auditors run accounts receivable testing and accounts payable testing using a defined sampling procedure. Every finding triggers management queries backed by supporting documentation review. Reconciliation checks and fraud prevention mechanism reviews produce the final audit evidence file.
Audit Report Preparation and Submission to DAFZA
Your auditor issues a signed audit report after confirming full IFRS compliance across all records. The auditor’s report carries a clear audit opinion on your financial statements preparation. Final report issuance is followed by statutory filing through the DAFZA submission portal. This completes your formal submission to DAFZA authority and closes the audit report cycle.
Why Assurance Corps for Your DAFZA Audit
FTA Tax Agency and Approved Tax Agent Credential
Assurance Corps holds an active FTA Tax Agency Number TAN 30019921 issued by the Federal Tax Authority. Lead consultant Muhammad Owais Abdul Razzaq carries Approved Tax Agent credentials under TAAN 20065132 on the tax agent register. This makes Assurance Corps a fully FTA registered auditor qualified to represent your business directly.
How the DAFZA Audit Connects to VAT and Corporate Tax Standing
Your DAFZA audit directly affects your VAT compliance position and Corporate Tax registration status. Auditors run a full VAT reconciliation to align your VAT return records with audited figures. A Qualifying Free Zone Person must also meet corporate tax filing obligations confirmed through audit. Assurance Corps provides VAT Desk support and full tax consultancy
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Documents Required for a DAFZA Audit
Documents Required for a Free Zone Company (FZCO)
Your FZCO trade license, Memorandum of Association, and shareholder resolution must be ready before the audit begins. Auditors also need multi-shareholder structure documentation and related party transaction records. A valid bank confirmation letter confirms your financial accounts are active and accessible.
Documents Required for a Free Zone Establishment (FZE)
Your FZE trade license and sole owner declaration are the two non negotiable starting documents. Auditors require single shareholder structure documentation alongside a current company profile. A bank confirmation letter verifies your active accounts before fieldwork starts.
LOCATION WE SERVE
Areas We Serve in all over UAE
Dubai
Abu Dhabi
Sharjah
Ajman
Umm Al Quwain
Ras Al Khaimah
Fujairah
UAE AUDIT & TAX AGENCY FAQS
Frequently Asked Questions
Does Every DAFZA Company Need an Audit?
Yes. The mandatory audit requirement applies to all DAFZA company regulations across every all registered companies category. A Dual Licence company exemption and Talent Pass holder exemption apply in specific cases only.
How Much Does a DAFZA Audit Cost?
Audit pricing depends on company size, transaction volume, and engagement complexity. Cost factors vary per entity type. Request a fixed audit fee quote before signing your engagement letter.
How Long Does a DAFZA Audit Take?
Standard audit duration runs two to four weeks. Engagement turnaround depends entirely on records readiness. A clean set of documents shortens the audit timeline significantly.
Can I Change My DAFZA Auditor Mid Year?
Yes. The auditor change process requires notifying DAFZA. Your outgoing auditor must hand over all files to the incoming auditor per the DAFZA notification requirement.
What Happens If My DAFZA Audit Is Late?
A late submission penalty of AED 5,000 per month applies immediately. Continued delay triggers license renewal delay and a formal non compliance consequence from DAFZA authorities.
Request a DAFZA Audit Consultation
Your audit consultation with Assurance Corps starts with one quick contact, no paperwork needed upfront. Send a WhatsApp text message or make a direct phone call to submit your engagement request today. Our response time is same business day for all UAE enquiries. Enquire now or get a quote before your submission deadline closes.