Approved Auditors in SAIF Zone Sharjah
Is Audit Mandatory for Companies in SAIF Zone Sharjah?
Yes, an Audit from a SAIF Zone approved Auditor is mandatory for all the companies registered in SAIF Zone Sharjah. As per the regulations of SAIF Zone, all companies must submit their balance sheet (financial report) by the end of every financial year, audited by an approved auditor in SAIF Zone. A copy of the annual audited accounts of each company should be delivered to the FZE Department at the time of trade license renewal or within three months of the end of the financial year of the Free Zone Establishment or such longer period as the Authority may determine. If they fail to do so, then they will be liable to pay a fine under the SAIF Zone Company Regulations, for non-compliance.
Bader Saleh Auditing is one of the top listed and approved Auditors in SAIF Zone Sharjah.
Rules and Regulations associated with External Audit of companies in SAIF Zone
The implementing regulations state that companies registered in SAIF Zone must appoint an independent auditor from a list of approved audit firms in the SAIF Zone. The approved auditor appointed by a company in SAIF Zone must perform an external audit of the company’s annual accounts and submit an external audit report to the company.
As per the Memorandum of Association of SAIF Zone, companies must submit the Audited Financial Statements to the SAIF Zone authorities within 90 days from the end of the financial year. The audit report must be submitted to the authority along with the signed audited final statements.
What if You Do Not Audit Your Books of Accounts for your company registered in SAIF Zone?
If a company in SAIF Zone fails to submit the audited financial statements within the time frame to the Authority, it will be liable to pay a penalty for non-compliance with the SAIF Zone Regulations. The principal hazards that companies bear for failing to submit audited financial reports, issued by the Approved Auditor in SAIF ZONE Auditors List, is the non-renewal of their trade license in SAIF Zone.
What role does Bader Saleh Auditing play in Audit Services in JAFZA?
Bader Saleh Auditing of Accounts is the listed auditor in Sharjah Airport International Free Zone, SAIF Zone. Being approved auditors in SAIF Zone, we assure the quality of professional service and conduct the audit in accordance with the requirement of International Standards on Auditing (ISA).
What role does Bader Saleh Auditing play in Audit Services in Hamriyah Free Zone?
Bader Saleh Auditing of Accounts is the listed auditor in Hamriyah Free Zone, HFZA. Being approved auditors in HFZA, we assure the quality of professional service and conduct the audit in accordance with the requirement of International Standards on Auditing (ISA).
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Why choose Bader Saleh Auditing of Accounts?
We have a team of qualified professionals, such as Chartered Accountants (CA), Chartered Certified Accountants (ACCA), Certified Public Accountants (CPA) etc. with vast experience in the region of leading the Audit with professional skills and knowledge.
Our Auditors conduct the audit procedure in the clients’ premises with the aim of guiding and helping the accountants to design and prepare the financial statements in accordance with the International Financial Reporting Standards (IFRS) without affecting the independence of Audit.
We issue a management letter as well for the management to take corrective measures if potential internal control weaknesses are noticed by us, being a responsible SAIF Zone Approved Auditor.
We are also listed with all major banks and free zones in the UAE.
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