International Free Zone Authority (IFZA)
Nestled in the heart of Dubai and recognized as a world-class entity, the International Free Zone Authority (IFZA) is poised to emerge as a pivotal investment hub in the evolving economy of the United Arab Emirates. IFZA offers a tailored approach, blending effective international service standards with cost-efficient solutions. The journey with IFZA is centered around guiding clients and businesses toward success.
Strategically positioned within one of the UAE’s dynamic business gateways, IFZA Dubai stands out as a premier free zone. It provides both local and international businesses with optimal platforms, state-of-the-art infrastructure, and a strategic location to maximize the advantages of the UAE’s geographic position, top-notch infrastructure, and business- and tax-friendly environments.
IFZA presents competitive Free Zone License packages, ensuring swift and efficient incorporation. Backed by an expert team equipped with up-to-date knowledge of rules and regulations, IFZA ensures the timely and secure establishment of your client’s business foundation.
Our Audit Approach
Requirement Assessment
We’ll determine the most suitable audit service for you based on your industry, selecting the
necessary audit cycles to prepare an accurate quotation.
Data Collection
Once services and quotations are approved, we’ll need specific data from the company for the
audit.
Developing and organizing the audit procedure
We create a personalized plan tailored to the client’s specific requirements, employing distinct methodologies for various audit types such as balance sheet audit, cash flow statement audit, fraud audit, inventory audit, cash audit, stock audit, and others.
Preparation of Audit Report
Audits are conducted across different sections, producing various reports. We scrutinize these documents to ensure alignment with the federal laws of the UAE. Following this, the reports are consolidated before being presented to the board of directors and shareholders.
Post Audit Assistance
The audit report provides comprehensive information for a thorough understanding of your company. Should you require additional support in implementing any changes based on the findings, we are at your disposal.
FAQ
1. Choosing an IFZA Approved Auditor
- When in the process of selecting an IFZA approved auditor for your business, it is essential to consider certain key criteria. Firstly, evaluate the qualifications and expertise of the auditor, details of which are available on the IFZA website. Secondly, ensure that the selected auditor is familiar with the unique requirements of your company. Lastly, obtain estimates from multiple auditors before making a final decision.
2. Benefits of Collaborating with an IFZA Approved Auditor
- Partnering with an auditor endorsed by IFZA brings numerous advantages to your company. It commences the financial statement preparation process with the assurance of an experienced and qualified auditor. Furthermore, the resulting financial statements adhere to jurisdictional rules and regulations, strengthening the credibility of your business. Ultimately, the auditor’s report acts as evidence of effective management and a robust financial foundation when engaging with stakeholders.
3. Timeline for Submission of Audited Financial Statements
- As per IFZA policies, companies registered within the free zone must submit their audited financial statements within three months at the end of each fiscal year. Consult with IFZA approved audit firms in Dubai to streamline the audit file submission process and successfully meet the deadline.
