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📢 UAE E-Invoicing: Mandatory Go-Live in Phases — 1 Jan 2027 (≥ AED 50M) | 1 Jul 2027 (< AED 50M) | 1 Oct 2027 (Government) 📢 UAE E-Invoicing Is Approaching! Find Out How Prepared Your Business Is – Take the Free Readiness Check.
Looking for Meydan Free Zone approved auditors for your business? ARCA Auditors, now part of Horizon Biz Consultancy, supports businesses with audit preparation, financial reporting and accounting-related services.
Whether you are preparing annual financial statements, organising your accounting records or reviewing your audit requirements, our team can discuss your business needs and the next steps for your company.
An external audit is an independent examination of a company’s financial statements and relevant accounting records. It helps assess whether the financial information has been prepared in accordance with the applicable financial reporting framework.
Depending on the current rules and the circumstances of the business, companies registered in Meydan Free Zone may need to prepare audited financial statements and complete the relevant reporting or submission process.
Appointing an auditor who meets the applicable eligibility and approval requirements can help businesses organise financial records, address audit queries and prepare the required documentation.
Before appointing an auditor, confirm the current Meydan Free Zone Authority requirements, submission procedure and deadlines applicable to your company.
A well-managed audit can help businesses improve financial transparency, maintain organised records and make informed decisions using reliable financial information.
An audit examines financial statements and supporting evidence to assess the reliability of the company’s reported financial information.
Preparing financial information and audit documentation in advance can help businesses manage applicable reporting responsibilities.
Reliable financial information can help management assess performance, monitor costs, review cash flow and plan for business growth.
The audit process may highlight areas where accounting records, documentation or internal procedures need additional attention.
ARCA Auditors, now part of Horizon Biz Consultancy, can discuss audit, accounting and financial reporting support based on your company’s circumstances and the services available for your engagement.
Independent examination of financial statements and supporting records within the agreed engagement scope and applicable professional requirements.
Review of selected internal processes and controls to help management understand operational risks and identify areas for improvement.
Assistance with reviewing relevant records and documentation against the requirements applicable to the agreed engagement.
Support with organising financial transactions, maintaining accounting records and preparing financial information for reporting purposes.
Support with preparing financial statements and considering relevant International Financial Reporting Standards, where applicable to the business.
Financial planning and advisory support to help management review financial performance, assess business risks and plan for future needs.
Corporate tax-related assistance, including support with understanding applicable obligations and preparing relevant financial information.
Support with VAT-related accounting records, return preparation and compliance requirements, depending on your business needs and the agreed scope.
Payroll-related accounting and record-keeping support, including salary schedules and related financial documentation where required.
Choosing an auditor involves more than comparing fees. Businesses should assess professional suitability, relevant experience, communication and the scope of the proposed work.
Confirm that the auditor meets the current approval and eligibility requirements applicable to your company and the relevant authority.
Consider experience with similar businesses, financial reporting requirements and the nature of your company’s operations.
Ask for a clear explanation of the audit scope, documentation requirements, expected deliverables and proposed fees before proceeding.
Preparing complete and organised financial records can help the audit proceed more efficiently. The final document list depends on your company’s transactions and reporting needs.
Before the audit begins, gather the accounting records, financial statements and supporting evidence needed to explain the transactions recorded during the financial year.
Additional information may be requested during the audit. Keeping records organised and responding to questions promptly can help reduce unnecessary delays.
This is a general checklist, not an official Meydan Free Zone Authority document list. Confirm the final requirements with your appointed auditor.
A structured process helps businesses understand the information required, the stages involved and the next steps for completing the engagement.
Discuss your business activity, company registration, financial year-end and the audit assistance required.
Gather financial statements, ledgers, bank records and other relevant supporting documents.
The appointed auditor examines relevant financial information and requests additional evidence or explanations as necessary.
The auditor prepares the relevant deliverables in accordance with the engagement. Confirm any authority submission requirements separately.
Businesses planning to establish a company in Meydan Free Zone should consider financial record-keeping and reporting needs from the beginning. A suitable accounting process can help keep transactions organised and make future financial reporting more manageable.
Understanding the relevant licence conditions, financial reporting responsibilities and any applicable audit requirements early can help business owners plan their administrative processes.
Requirements can vary according to the entity and current authority rules. Confirm the applicable conditions before making decisions about your company’s reporting arrangements.
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
Answers to common questions about Meydan Free Zone audit requirements, auditor selection and financial reporting.
A Meydan Free Zone-approved auditor is an auditor who meets the applicable approval or eligibility requirements of the relevant authority. Businesses should confirm current requirements and verify an auditor’s status before making an appointment.
An audit provides an independent examination of financial statements and supporting records. It can help assess the reliability of reported financial information and support applicable financial reporting responsibilities. Companies should confirm their specific audit obligations with the relevant authority.
Audit requirements depend on the applicable rules and the circumstances of the company. Confirm the current requirements for your entity with the Meydan Free Zone Authority or a qualified professional adviser.
Contact ARCA Auditors to confirm its current Meydan Free Zone approval status and eligibility to undertake the audit required for your company. Approval should be verified before the appointment is finalised.
Depending on professional authorisation and the agreed scope, audit-related services may include financial statement audits, internal audit work, compliance reviews and other assurance engagements. Accounting and advisory services may be available separately.
Common documents include the trial balance, general ledger, financial statements, bank statements, invoices and supporting schedules. The auditor will provide a checklist tailored to your company’s transactions and circumstances.
Confirm the auditor’s professional qualifications and applicable approval status, discuss the scope of work and reporting expectations, and ask how the engagement will be managed. Clear communication and complete supporting records also help the process.
Audit fees depend on factors such as transaction volume, business activity, accounting record quality, reporting complexity and the scope of the engagement. Contact our team to discuss your requirements and request a quotation.
Financial reporting support may include assistance with preparing financial statements and considering the applicable reporting framework. The appropriate services depend on the engagement, the company’s circumstances and professional requirements.
ARCA Auditors, now part of Horizon Biz Consultancy, can discuss accounting, bookkeeping, VAT, corporate tax-related and financial reporting support based on your needs and the services available for your engagement.
Discuss your Meydan Free Zone audit requirements with ARCA Auditors, now part of Horizon Biz Consultancy. Tell us about your company, financial year-end and the support you need to identify the appropriate next steps.