Registered Auditors in Hamriyah Free Zone (HFZA)
Parker Russell UAE is a registered auditing firm in the Hamriyah Free Zone Authority. Parker Russell UAE has been in the business since 1998.
Hamriyah Free Zone Authority
The Hamriyah Free Zone is located in Sharjah, United Arab Emirates, giving it a distinct geographical and time zone advantage, as well as a secure and fully convertible currency and multi-access to adjacent and worldwide countries via land, sea, and air.
The Hamriyah Free Zone (HFZ) has attracted more than USD 3 billion in foreign investment, demonstrating the success of the free zone authority’s regulatory procedures. In accordance with these laws, the HFZA has made it essential for free zone establishments in the Free Zone to have their books of accounts examined by an independent auditor registered with the Authority, ensuring a well-regulated and controlled business climate within the HFZ. The seamless operations of the enterprises operating in the Free Zone are a result of the HFZA’s successful regulatory procedures.
The HFZA does not accept audit reports from auditors who are not registered with them, so companies should hire registered audit firms in the UAE.
Why Is An Audit From Approved Auditors Required In Hamriyah Free Zone (HFZA)?
The HFZA has made it mandatory for free zone establishments in the Free Zone to have their books of accounts audited by an independent auditor registered with the Authority in order to ensure that the business environment within the HFZ is well-regulated and controlled, as well as to report to shareholders on the financial and operational aspects of the business and state whether the financial statements give a true and fair view and are prepared in accordance with HFZA regulations.
The companies should avail the services of registered audit firms in the UAE, as the HFZA does not accept the audit report from auditors who are not registered with them.
Documents Required for External Audits in the Hamriyah Free Zone:
- Balance Sheet
- Trial Balance
- General Ledger
- Profit & Loss Statements
- Copies of invoices and bills
- Latest Trade License
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Registration Details for Excise Tax and/or VAT (If Applicable)
- Details of closing stock including working in progress at the year end
- Audit schedules (bad debt provisions, depreciation, accruals)
- Details of fixed asset additions and disposals during the year with proper supporting
Why Choose Parker Russell UAE as your external auditor in Hamriyah Free Zone?
Parker Russell UAE has been in the business since 1998 providing Audit and Assurance and accountancy services on an efficient and cost-effective basis around the region.
Besides the fact that we are an approved auditor in Hamriyah Free Zone, we are also committed to providing our clients with services that not only help but also identify and resolve issues that are stopping them from achieving their true potential.
Apart from external audit services we also provide the following services: