Address
Golf Park Building Gharhoud, Al Gharhoud, Dubai, U.A.E
Work Hours
Monday to Friday: 9AM - 6PM
AUDITING IN DIFC
Dubai International Financial Center (DIFC) auditing:The Dubai International Financial Center (DIFC) was established in 2004 with the aim of facilitating the entry and expansion of financial enterprises into the expanding market of the area. The Dubai government created the DIFC in line with UAE Federal Decree No. 35 of 2004 in an effort to diversify the emirate's profitable resources and attract more foreign investment. Within the United Arab Emirates, the DIFC is a distinct entity with its own legal and administrative system. Numerous financial and non-financial companies operating in the banking, professional services, insurance, wealth management, capital markets, and other industries are based in the DIFC.
Every year, businesses operating in the Dubai International Financial Center Free Zone are obliged to undergo an audit and an examination of their books of accounts.
The mandated audit ensures that the companies are operating legally and do not have any financial problems. In the DIFC, companies in the financial sector as well as other regulated industries are governed by the Dubai Financial Services Authority (DFSA).
DIFC's Requirements for Auditing
Companies that are registered with the DIFC are required to designate authorized auditors to perform recurring financial record audits. These audits assist companies in keeping accurate financial records by ensuring compliance with regional laws and global standards. All entities operating within the DIFC, including corporations, financial institutions, and professional services firms, are required to undergo audits.
Enhance compliance, build trust, and obtain valuable insights by utilizing Cornerstone's professional audit services in DIFC. Allow us to assist you in navigating the intricacies of regulatory obligations and upholding financial integrity.