Audit for IFZA companies
IFZA Company Audit in Dubai
Audited financial statements for your IFZA licence renewal, prepared properly and on time.
- IFZA companies of all sizes
- Clear scope before we start
- Free consultation
Office hours: Saturday to Thursday, 9 AM to 6 PM.
Get a free audit consultation
Leave your details and an advisor will call you back.
Why an audit
Why IFZA companies need an audit.
IFZA generally asks licensed companies to submit audited financial statements when they renew their licence. An audit is an independent check that your accounts give a fair picture of the company's finances, signed off in an audit report.
The same audited financial statements are useful well beyond the renewal: banks, the corporate tax return and investors all rely on them.
- Licence renewal and complianceAudited financial statements are usually part of the IFZA licence renewal, and they keep your company records in order.
- BanksBanks often ask for audited accounts when you open accounts, apply for facilities or go through a periodic review.
- Corporate taxAudited figures support your corporate tax return, and some free zone companies must keep audited financial statements.
- Investors and partnersShareholders, investors and buyers look for audited accounts they can rely on.
Not sure what your company needs this year? Ask in a free consultation.
Get a free consultation WhatsApp usWhat we do
Audit services for your IFZA free zone company.
From a first year audit to several pending years, and from finished books to books that need work first.
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Annual statutory audit
The yearly audit of your financial statements, with a signed IFZA audit report prepared for your licence renewal and your own records.
For established IFZA companies -
First year audit
Your company's first audit, including the opening position, share capital and set-up costs, so the first set of audited financial statements starts on a clean footing.
For new IFZA companies -
Accounting cleanup before audit
Books behind, incomplete or kept in spreadsheets? Our accounting team brings them up to date from your bank statements and invoices, ready for the audit.
When the books are not ready -
Audit for corporate tax and bank requirements
Audited financial statements your corporate tax return and your bank can rely on, prepared so the same figures serve the licence renewal, the tax return and the bank.
One set of audited figures
Who it's for
For companies licensed in IFZA, whatever they do.
Small or growing, one shareholder or several, first year or tenth.
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Trading companies
Stock, suppliers and customers in and outside the UAE.
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Consultancy companies
Owner-run and team-based advisory businesses.
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E-commerce companies
Online stores, marketplace sellers and payment gateway income.
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Holding companies
Investments in subsidiaries, shares and other assets.
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Service companies
Marketing, IT, media, events and other services.
Licensed in IFZA? Tell us what your company does and we will take it from there.
Start on WhatsApp Call +971 52 202 3984How it works
From free consultation to signed audit report.
Five steps, in order. One advisor follows your file from the first call to the signed report, and you always know which step you are on.
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Free consultation
We ask about your company, your financial year, the state of your books and what you need the audit for.
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Clear scope and document list
You receive the scope of work and one clear list of the documents we need, agreed before any work starts.
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Books review, and cleanup if needed
We review your accounts. If they are incomplete or behind, our accounting team brings them up to date first.
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Audit fieldwork
The audit team tests your figures against bank statements, invoices and other records, and sends any questions in one batch.
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Signed audit report
You receive the audited financial statements with the signed audit report, ready to submit with your IFZA licence renewal.
Step one is free. Tell us about your company and we will map out the rest.
Get a free consultation WhatsApp usWhat we need from you
The documents we usually ask for.
A general list to get started. The exact documents depend on your company, and we confirm them in the free consultation.
- Trade licenceThe current IFZA trade licence of the company being audited.
- Bank statementsStatements for every company bank account, covering the full financial year.
- Sales and purchase invoicesThe invoices you issued and received during the year.
- Ledgers or trial balanceYour accounting records, from accounting software or spreadsheets.
- Share capital proofEvidence of how the share capital was paid in.
- Prior year audit, if anyLast year's audited financial statements, if the company has had an audit before.
Do not have everything to hand? Start anyway. We work through the list with you, and missing records are exactly what the accounting cleanup is for.
Why Quick Ashford
Audit and accounting under one roof.
Many audit firms can only audit books that are already finished, so if yours are not ready they send you elsewhere and you start again. At Quick Ashford, if the books are not ready, our accounting team fixes them first, and then the audit goes ahead with the same advisor following the file.
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Books fixed first, not sent elsewhere
No separate bookkeeper to find and brief. Cleanup and audit are planned as one piece of work.
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Clear scope before we start
You know what the work covers and which documents we need before anything begins.
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One advisor follows the file
One person from the first call to the signed report. You never explain your company twice.
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IFZA companies of all sizes
From a first year company with a few transactions to a group with several pending years.
Questions
IFZA audit: common questions.
Is an audit needed for IFZA licence renewal?
In most cases, yes. IFZA generally asks licensed companies to submit audited financial statements as part of the licence renewal. The exact requirement can depend on your licence and can change over time, so we confirm what applies to your company in the free consultation.
How long does an IFZA audit take?
It depends on the state of your books, how many transactions you have, and how quickly the documents and answers come through. If your accounts are up to date and the documents are ready, there is much less to do. After we review your records we give you a realistic estimate for your company, and we do not promise dates that depend on information we have not seen yet.
What if my books are not ready for the audit?
That is common, and it is why we do accounting and audit under one roof. Our accounting team brings the books up to date first, from your bank statements, invoices and other records, and then the audit is carried out on the completed accounts. You do not have to find a separate bookkeeper and come back.
Does a dormant or zero-revenue IFZA company need an audit?
A company with little or no activity may still need audited financial statements for its licence renewal, depending on the requirements that apply at the time. The audit itself is usually simpler because there is less to check. Tell us how the company has been used and we will confirm what is needed.
How does the IFZA audit link to corporate tax?
Under the UAE corporate tax rules, some businesses must keep audited financial statements, including free zone companies that want to be treated as a Qualifying Free Zone Person. The audited figures are also the starting point for your corporate tax return. We check whether this applies to your company and prepare the audit so the same figures can be used for both.
Can you audit multiple pending years?
Yes. Each year is audited and reported separately, usually starting with the oldest, because the closing balances of one year are the opening balances of the next. If the books for those years also need work, we bring them up to date first. We plan the order with you at the start so you know what comes when.
Free, no obligation
Get your IFZA audit started
Send the form, message us on WhatsApp or call. An advisor will look at where your books stand and explain the scope and the next steps before anything starts.
+971 52 202 3984Saturday to Thursday, 9 AM to 6 PM
Get a free audit consultation
Leave your details and an advisor will call you back.