DIFC APPROVED AUDITORS
The Dubai International Financial Centre (DIFC) emerged in 2004 as a dynamic multinational financial hub designed to facilitate the entry and expansion of financial businesses in response to the market demand in the region. Established in alignment with UAE Federal Decree No. 35 of 2004, the DIFC embodies the Dubai government's strategic vision to diversify the emirate's economic resources and attract increased investments. As an independent authority within the UAE, the DIFC boasts its legal and governmental infrastructure, fostering an environment conducive to financial innovation and growth.
Within DIFC, a diverse spectrum of financial and non-financial entities thrives, with a particular focus on sectors such as:
- Banking
- Professional services
- Global companies
- Insurance
- Wealth management
- Capital markets
Several governmental authorities supervise and regulate the companies in the free zone. As DIFC Registered Auditors, we understand the unique regulatory framework and business environment of the DIFC. Our team is committed to providing comprehensive audit needs and requirements of businesses operating within the DIFC. Through meticulous examination and adherence to international auditing standards, we ensure the accuracy, transparency, and integrity of financial reporting, empowering our clients to confidently navigate complex regulatory landscapes and achieve their strategic objectives within the vibrant ecosystem of the DIFC.
WHY IS IT MANDATORY TO AUDIT FOR A DIFC COMPANY?
Businesses in the Dubai International Financial Centre Free Zone must have their books of accounts audited by DIFC Approved Auditors. This requirement ensures that companies operating within the free zone maintain accurate financial records, reflecting their actual monetary position.
The Companies in DIFC are required to:
- Maintain a Book of Accounts
- Show an accurate picture of the monetary position.
- Submit an External Audit report within four months of their fiscal year-end.
The mandatory audit ensures that the companies are not involved in financial irregularities and comply with the laws and regulations. In DIFC, companies are regulated by the Dubai Financial Services Authority (DFSA). By engaging DIFC Registered Auditors, businesses can demonstrate their commitment to financial integrity and regulatory compliance, fostering trust and confidence among stakeholders and regulatory authorities.
EXCELLENCE: YOUR TRUSTED DIFC REGISTERED AUDITORS
At Excellence Auditing, we specialize in providing auditing services that meet the unique needs of businesses within the Dubai International Financial Centre (DIFC). Excellence adheres to the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS) for Accounting, and the International Standards on Auditing (ISA) for Auditing, ensuring accuracy, transparency, and regulatory compliance at every step.
Beyond regulatory compliance, we go the extra mile to help businesses identify areas for improvement and strategize for organizational growth. By conducting thorough audits of business books, we offer valuable insights that enable companies to streamline operations, mitigate risks, and achieve their long-term objectives. As a DIFC Registered Auditor, our commitment to excellence extends beyond mere compliance; we actively contribute to enhancing our clients' credibility with stakeholders, governments, lenders, and regulatory authorities, fostering trust and confidence in their financial practices.
With Excellence Auditing as your trusted partner, you can easily navigate the complex regulatory landscape of the DIFC, knowing that your auditing needs are in capable hands.
Memorandum of Association
(MoA)
