What are the requirements to be an Approved Auditor Services in JAFZA?
To gain approval as an Approved Auditor and be included on the Approved Auditor List, an Audit Firm located in Dubai, Abu Dhabi, Sharjah, or elsewhere in the UAE must demonstrate its competence by fulfilling the following key requirements:
1. Submit a completed application form.
2. Provide a comprehensive history and background of the auditor.
3. Disclose ownership details, information about affiliated companies, and available resources.
4. Present evidence of professional indemnity insurance that covers the services provided.
5. Offer a statement outlining the auditor’s qualifications, capabilities, and resources.
6. Include a copy of the Auditor’s Certificate from the Ministry of Economy.
Fazal Mahmood & Company is a leading certified auditor, advisory, and accountancy firm located in JAFZA. Our highly skilled team of accountants and tax advisors is dedicated to ensuring client satisfaction and meeting customer expectations. We provide a comprehensive range of auditing services, including but not limited to:
- Reviewing the internal control systems of organizations
- Optimizing resource and personnel utilization
- Managing organizational change
- Ensuring compliance of business processes with industry standards
- Conducting internal and external audits
Jebel Ali Free Zone (JAFZA) serves as the flagship free zone of DP World and is a vital part of the multicultural business hub in the DP World UAE Region. JAFZA is home to thousands of companies from over 100 nations and supports more than 135,000 employees. It has evolved into a catalyst for trade and a business community that fosters exceptional growth opportunities and market access.
The JAFZA Approved Auditors program is designed to register auditors who provide reliable audit services to JAFZA member companies. This program mandates that all JAFZA associate firms submit their audited financial statements through JAFZA-approved auditors, ensuring that their financial records accurately reflect the company’s financial status.
Why are Approved Auditors required in JAFZA?
Fazal Mahmood & Company is a leading Audit & Advisory firm based in the UAE, catering to both Multinational Corporations and Small to Medium Enterprises. Their range of services encompasses Accounting, Audit & Assurance, VAT, Tax Compliance, Advisory Services, and Business Valuation across Dubai, Abu Dhabi, and Sharjah.
The firm utilizes cutting-edge accounting and enterprise software, including Tally, QuickBooks, and Xero, to enhance their service delivery. Fazal Mahmood & Company prides itself on assembling a team of seasoned professionals with extensive experience in providing audit and advisory services in accordance with regional accounting standards and IFRS.
They conduct audits in alignment with applicable Standards on Auditing, ensuring exceptional service delivery to clients. The firm provides necessary information to regulatory authorities to maintain proper commercial oversight. They guarantee the completeness of financial statements and instill confidence in authorities regarding their accuracy and reliability. Any instances of fraud or misconduct identified during the audit process are promptly reported. Additionally, Fazal Mahmood & Company offers dependable and high-quality accounting and bookkeeping services in Dubai, UAE, while executing Audit & Assurance Services with transparency.