Auditing In DIFC
Auditing in DIFC:-The purpose of the DIFC, which was formed in 2004 as a multinational financial center, was to enable financial companies to enter and grow in the region’s emerging market. The Dubai government wanted to diversify the emirate’s lucrative resources and draw in more investments; thus, it established the DIFC in accordance with UAE Federal Decree No. 35 of 2004. The DIFC is a separate entity within the UAE with its own judicial and administrative framework. The DIFC is home to a large number of financial and non-financial businesses focused on industries such as banking, professional services, insurance, wealth management, capital markets etc.
Companies operating within the Dubai International Financial Centre Free Zone are required to have their books of accounts examined and audited yearly.
The required audit makes sure that the businesses are abiding by the law and are not engaging in any financial irregularities. The Dubai Financial Services Authority (DFSA) oversees businesses in the financial and other regulated industries in the DIFC.
3a global provide Final audits in compliance with the International Standards on Auditing (ISA) and International Financial Reporting Standards (IFRS), as well as the DIFC Free Zone’s audit guidelines. Our skilled personnel evaluate the companies’ financial statements and create reliable reports. To the management.