DIFC Approved Auditors
DIFC Approved Auditors
Dubai International Financial Centre (DIFC) is a financial-free zone established in the emirate of Dubai in 2004. With more than 29,700 professionals operating across more than 3,644 active registered firms, the DIFC is a world-renowned, independent regulator and judicial system with a diverse pool of industrial expertise in the area. They offer finance for growth-stage start-ups, flexible legislation, cost-effective licensing, and creative accelerator programs.
DIFC approved auditors are authorized to perform audits of DIFC companies. The DIFC- registered auditor is qualified to perform audits of DIFC companies because they have registered with DIFC.
The DIFC Approved Auditors exercise works to certify auditors who can guarantee that DIFC member companies receive the most reliable audit services. Additionally, it requires that all DMCC member companies submit their audited financial statements via DIFC-approved auditors.
What are the Key Benefits of DIFC-Approved Auditors?
- The laws of the DIFC are among the most complex, and businesses must abide by them to do business there, including the obligation to have the books of accounts audited. To comply with local and international rules, businesses should have their books of accounts audited. This will increase their trust with stakeholders, the government, lenders, and other authorities.
- The DIFC has set up a network of certified auditors as part of its efforts to facilitate international enterprises, which may help keep you informed about all of your financial duties while you operate in Dubai. You can rest assured that your accounts are being managed by capable and reliable individuals because the DIFC has approved these auditors.
Documents Required for DIFC Auditing Process
Registered audit firms in DIFC request the relevant year’s papers from the companies to conduct the audit and assurance. This makes it easier for the auditor to perform duties, which include reviewing the financial statements at year’s end to come up with an opinion on the financial condition that complies with rules. The following documents must be presented by the businesses:
Auditing Services at Farahat & Co.
- Articles of Association
- Memorandum of Association
- Trial Balance, Profit & Loss Statement
- Latest Trade License
- Audit schedules
- VAT and Excise Tax registration details (If Applicable)
- Books of Accounts
- Fixed asset additions details and disposals throughout the year with proper supporting
- Copies of bills and invoices
- Closing stock details and work-in-progress at the year-end
Why Choose Farahat& Co. As DIFC Approved Auditors?
- Farahat & Co. is one of the top audit firms in Dubai and approved auditors in DIFC. In the financial services sector, we are dedicated to offering high-quality audits and risk management services. Through our expertise in audits and consulting, we have a wealth of experience assisting organizations in achieving their objectives.
- With 35 years of expertise, Farahat & Co. has the depth of knowledge that clients require for an audit to be effective. We are an up-to-date company, and our skilled experts have multi-industry experience in a variety of countries.
- Among our clientele are institutions, corporations, firms, and individuals with businesses in the DIFC. Our auditing methodology adheres to the best standards, which are built on solid values and reasoned evidence-based judgments.
What Are Our Services?
Our top-notch auditing services include:
- Internal audit services
- External audit services
- Forensic audit services
- Tax auditing services
- Compliance audit services
- Financial controls audit services
We also offer forensic accounting, legal accounting, liquidation and insolvency, VAT accounting and consultation, compliance and corporate governance, HR management, company deregistration, management control audits, payroll accounting outsourcing, internal control reviews, and fraud examinations, among many other high-quality services.
Our Mission at Farahat& Co.
Our objective is to offer our customers excellent financial and business services. We aspire to create a positive client experience by offering extremely advanced and specialized standards that will ensure client satisfaction. We are constantly looking for new customers that wish to expand their businesses by bringing in additional clients by using their financials.
If you have any questions about how we can help you with your company’s finances then please feel free to contact us today!