SAIF Zone Auditors| Audit in SAIF Zone- A & A Associate
A & A Associate is an Approved Auditor in SAIF ZONE Auditors List Sharjah Airport International Free zone also known as SAIF Zone runs attractive business facilities in the region, which includes the swiftness and simplicity of their work processes. There are more thousands of companies incorporated under SAIF Zone Authority
How to choose an Auditor for Auditing your company in Saif Zone?
Auditing is mandatory for all SAIF Zone companies registered under SAIF Zone in order to renew their Trade / Activity license. As per the requirements of SAIF Zone Authority the companies registered under SAIF Zone should appoint only the listed of auditors in SAIF Zone. Audit has to be conducted by the listed auditors for every financial year.
When and how an audit report should be submitted to SAIF Zone Authority?
As per the Memorandum of Association of SAIF Zone Companies it has to the Audited Financial Statements to the SAIF Zone authorities within 90 days from the end of the financial year. The audit report has to be submitted to the authority along with the singed audited final statements. If a company fail to submit the audited financial statements within the time frame, it will face legal consequences including non-renewal of trade license in SAIF Zone.
How A&A Associate Conducts an Audit in SAIF Zone?
Review of Statutory Compliance: Verification of compliance of VAT regulation is an additional task forms part of Statutory Auditing. As per the provisions of the UAE VAT law, SAIF Zone is the designated zone for the tax treatment hence, most of the transactions related to supply of goods are out of scope other than the supplies done for consumption. At the same time the taxability of supply of services in designated zones are similar to mainland. During the course of an audit we review the compliance of VAT Regulations for the transactions of the company on test basis and advise accordingly.
Why Choose A&A Associate for Audit in SAIF Zone?
We A&A Associate, Head Quartered in Dubai: