DAFZA Approved Auditors
We are Approved Auditors by DAFZA.
Companies registered in Dubai Airport Free Zone Authority (DAFZA) are required to maintain proper financial records and submit audited financial statements through a DAFZA-approved auditor. This is a regulatory requirement linked to license compliance, renewals, and financial transparency.
At Farahat & Co., we provide professional audit services for companies operating in DAFZA and across the UAE. As DAFZA-approved auditors, we handle the audit process in line with UAE regulations and applicable financial reporting standards, helping ensure your financial statements are accurate, compliant, and ready for timely submission.
How Farahat & Co. Can Help
- End-to-end DAFZA audit engagement and report submission
- Review of financial statements in line with IFRS requirements
- Verification of accounting records, ledgers, and supporting documents
- Identification of compliance gaps before submission to DAFZA
- Proper audit documentation and audit trail preparation
- Practical observations to improve internal controls and reporting accuracy
Benefits of DAFZA-Approved Auditors
Working with a DAFZA-approved auditor helps ensure your financial statements are prepared and reviewed in line with the authority’s requirements. It supports timely submission, reduces the risk of compliance issues, strengthens financial reporting, and improves credibility with banks, investors, and other stakeholders.
100% Compliance with DAFZA Regulations
Our experts ensure that your audit is conducted in full compliance with DAFZA regulations and requirements. This helps your company stay aligned with any new or updated rules issued by the authority.
In-depth Review
We provide a comprehensive review of your financial processes, from gathering accounting data to finalizing and issuing the official audit report.
Improved Credibility
A professionally conducted audit enhances your company’s credibility and strengthens trust with banks, investors, and stakeholders in the UAE.
Reduced Risk of Penalties
Timely and accurate audit submission minimizes errors and significantly reduces the risk of penalties or fines.
What is a DAFZA Audit?
An audit is an independent examination of a company’s financial records based in Dubai Airport Free Zone conducted by a DAFZA-approved audit firm. The objective is to confirm that the financial statements present a true and fair view of the company’s financial position. It is to verify that it complies with applicable accounting standards and DAFZA regulations.
The audited financial statements must be submitted annually to DAFZA within the specified timeline. Failure to do so can result in penalties, license renewal issues, and regulatory complications.
Why Audit Matters for Your Business in DAFZA?
An audit in Dubai is not just about compliance. It provides clarity on your true financial standing and helps prevent future regulatory issues. For DAFZA companies, an audit is directly connected to:
- Trade license renewal and regulatory approval
- Financial credibility with banks and investors
- VAT and Corporate Tax record consistency
- Detection of early stage accounting errors and reporting gaps
- Stronger internal controls and reduced financial risk
Audit Reporting Process in DAFZA
The auditing procedure of DAFZA is simple. The steps are as follows:
- The first step is the evaluation of the financial statements by DAFZA-approved auditors.
- The second step is the preparation of the audit reports that need to be regulated and compliant with the International Financial Reporting Standards.
- Once the preparation of the audit report is complete, it then needs to be presented to the relevant authority of DAFZA Free Zone.
- Once the approval is obtained from DAFZA, it is important to ensure that the financial records are well maintained.
Documents Required for a DAFZA Audit
To conduct the audit smoothly, the following documents are typically required:
- Valid trade license
- Memorandum of Association (MOA) & Articles of Association (AOA)
- Share certificates/shareholder register
- Bank statements for the full financial year
- Trial balance and general ledger
- Sales, purchase, expense, and payroll ledgers
- Fixed asset register with depreciation
- Management accounts
- VAT registration certificate and VAT returns (if applicable)
- Corporate Tax registration details (if applicable)
- Invoices, bills, contracts and Inventory records (if applicable)
Request Your DAFZA Audit Checklist
Why Choose Farahat & Co. as Your DAFZA-Approved Auditors?
Since 1985, Farahat & Co. has offered audit services across the UAE with a strong focus on compliance and accuracy. A DAFZA audit is a regulatory requirement that directly impacts your company’s license status, compliance standing, and financial credibility.
Our team of CPA, CA, and ACCA-qualified professionals understands the specific expectations of DAFZA and UAE authorities, ensuring your audit is handled correctly from start to submission.
Be it audit, advisory, or compliance services, Farahat & Co. provides integrated professional services that instill trust and enhance transparency, hence contributing to the success of your company.
FAQs
Is an audit mandatory for all DAFZA companies?
Yes. All companies registered in DAFZA must submit audited financial statements annually through a DAFZA-approved auditor.
When should the audit report be submitted?
Within the timeframe specified by DAFZA, typically linked to license renewal or on an annual basis.
Can an audit help during VAT or Corporate Tax reviews?
Yes. Audited financial records help maintain consistency between accounting records and tax filings, which can support the business during VAT or Corporate Tax reviews.
How long does a DAFZA audit take?
Depending on company size and record readiness, it may take a few weeks.
Do you provide services beyond audit?
We also support tax, accounting, and advisory services in DAFZA and across the UAE.