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Audit & Assurance · Dubai, UAE

DIFC Approved Auditors for Financial Statement Audits

ARCA Auditors is officially approved for DIFC audit engagements. We help businesses understand their audit requirements, prepare relevant financial records and plan the engagement with a clear scope, defined deliverables and practical next steps.

Plan Your DIFC Audit

Connect with our experts to discuss about your entity and the engagement you need.

Audit & Assurance Services

DIFC Audit Services by ARCA Auditors

DIFC Financial Statement Audit

Independent examination of financial statements and relevant supporting evidence in accordance with applicable auditing standards, the reporting framework and the agreed engagement.

Depending on the scope, work may include examination of accounting records, material balances, transactions, disclosures and audit evidence.

DIFC Internal Audit Services

A separately scoped review of selected business processes, internal controls and risk management practices according to the agreed objectives.
Work may involve control testing, process reviews, findings and recommendations. Internal audit is not a substitute for an external financial statement audit where one is required.
DIFC Compliance & Reporting

Understand Your DIFC Audit Requirements

DIFC businesses should establish which financial reporting, audit, appointment and filing requirements apply to their particular entities.

01

Financial statement obligations

Determine the reporting and audit obligations applicable to your entity.

02

Auditor appointment and eligibility

Confirm the relevant requirements for your proposed auditor and engagement.

03

Financial reporting framework

Identify the reporting framework and financial statement requirements relevant to your business.
04

Financial year-end and deadlines

Confirm the reporting period and applicable submission dates.
05

Additional regulatory obligations

Consider any additional requirements arising from regulated activities or your entity’s circumstances.
06

Separate filing and tax responsibilities

Identify any compliance obligations that fall outside the agreed audit engagement.
Work With ARCA Auditors

Start With a Clear Audit Scope

The right starting point is a discussion about your entity, reporting requirements and the audit work needed.
Why ARCA Auditors

Choose an Approved Auditor for Your DIFC Engagement

DIFC Approval

Work with a firm officially approved for DIFC audit engagements.

Defined Engagement Scope

Discuss the work, responsibilities, documentation and reporting deliverables before proceeding.

Practical Documentation Guidance

Understand the financial records and supporting evidence relevant to your engagement.

Clear Communication

Understand requests for additional information and matters that need clarification during the audit.

Transparent Fee Discussions

Review the proposed services, deliverables and relevant fee factors when requesting a quotation.

Independent Reporting

Audit reporting is based on the procedures performed, evidence obtained and applicable professional requirements.
Audit Preparation

DIFC Audit Document Checklist

Use this checklist to begin organising your records. The final document request list will depend on your business, reporting framework and agreed audit scope.

01. Company & Registration

02. Accounting & Financial Records

03. Revenue & Expenses

04. Payroll & Fixed Assets

05. Financing & Contracts

06. Tax & Supporting Information

Our Approach

How the DIFC Audit Process Works

A clearly scoped engagement helps your team understand the work involved and the information required at each stage.

01

Initial Discussion

Discuss your entity, financial year-end, business activities and audit needs.
02

Confirm the Scope

Clarify the proposed work, responsibilities, deliverables and relevant appointment requirements.
03

Prepare Records

Organise the financial statements, accounting records and supporting documentation.
04

Perform Procedures

Examine relevant financial information and obtain supporting evidence.
05

Resolve Queries

Provide additional documents and explanations for matters requiring clarification.
06

Complete the Audit

Address outstanding matters and complete the agreed audit procedures.
07

Issue the Report

The auditor issues the report in accordance with the engagement and applicable requirements.
08

Discuss Next Steps

Clarify any separately agreed reporting or related services included in the engagement.

Audit timelines depend on the complexity of the business, record completeness, document availability and outstanding queries.

Audit & Tax

DIFC Audits and UAE Corporate Tax

Financial Statement Audit

An external audit focuses on the independent examination of financial statements and the issuance of an auditor’s report based on the procedures performed and evidence obtained.

Corporate Tax Considerations

Businesses should separately assess Corporate Tax registration, filing and applicable QFZP conditions. Requirements depend on the relevant legislation and the entity’s circumstances.

Important distinction: An audit report alone does not establish eligibility for the 0% Corporate Tax rate. Audit and tax obligations should be assessed separately.

Need Help With Your Business, Tax or Finances?

Speak with Arca Auditors about your business requirements and get practical guidance from experienced professionals.

Enter your information below to receive an email or Contact us today for assistance on +971 50 397 8378  or support@arca.ae

Frequently Asked Questions

DIFC Approved Auditors: FAQs

A DIFC-approved auditor is an auditor or audit firm that satisfies the applicable DIFC approval and eligibility requirements for relevant audit engagements. ARCA Auditors is officially approved for DIFC audit engagements.

Audit obligations depend on the requirements applicable to the particular entity. Businesses should review the relevant DIFC rules, legal and regulatory status, and any applicable exemptions or additional requirements.

Businesses should not assume that a general UAE audit licence automatically satisfies every DIFC appointment requirement. Confirm the proposed auditor’s eligibility against the current requirements applicable to the entity and engagement.

Confirm the auditor’s relevant approval status and suitability for the engagement. Review the proposed scope, deliverables, fee structure, communication arrangements and anticipated timeline before proceeding.

Common documents include the trial balance, general ledger, draft financial statements, bank statements, reconciliations, invoices, payroll records, fixed asset schedules, contracts and relevant corporate records. The final list depends on the business and agreed audit scope.

Fees depend on business size, transaction volume, financial arrangements, accounting record quality, reporting requirements and the agreed scope. Contact ARCA Auditors for a proposal based on your circumstances.

The timeline depends on the complexity of the engagement, record readiness, supporting document availability and the time needed to resolve audit queries. Discuss the anticipated timetable when the scope is agreed.

An external financial statement audit involves an independent opinion on the financial statements. Internal audit generally evaluates selected business processes, risk management and internal controls against agreed objectives. They serve different purposes.

No. An audit does not, by itself, establish eligibility for the 0% Corporate Tax rate. QFZP treatment depends on the applicable legal conditions and other requirements relevant to the entity.

ARCA Auditors can discuss your audit requirements, the proposed engagement scope and the accounting records needed for the audit. Confirm any additional preparation assistance as part of the engagement proposal.

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