ADGM Approved Auditors in Abu Dhabi

Businesses operating in the ADGM Free Zone are required to comply with certain rules and regulations established by the Abu Dhabi Global Market (ADGM). To secure a true and fair view of the financial position, ADGM companies appoint a qualified audit firm which is approved by the ADGM to conduct audits of their financial statements.

KGRN Chartered Accountants is the ADGM Registered Auditor and boasts a team of qualified Chartered Accountants and IFRS experts, with extensive experience in catering bespoke financial services across various industries. We provide tailored audit services to our global clients by understanding their industry specific requirements and needs and adhering to stringent policies and standards.

Auditing Services in ADGM 

Since ADGM is an independent jurisdiction with unique rules and regulations that is aligned with international standards, it is crucial for ADGM entities to stay compliant with the regulations. ADGM companies require auditing services as it is essential for ensuring compliance with the regulations, accurate reporting and maintaining their organization’s financial health. 

Why is it necessary to audit ADGM Companies?

ADGM-registered companies must prepare audit financial statements as per the IFRS (International Financial Reporting Standards), unless exempt. The financial audits, where appropriate, should be conducted by an ADGM registered auditor. 

The Registration Authority specifies that ADGM Registered Auditors are entitled to audit the financial statements of ADGM entities for Corporate Tax purposes in the UAE.

The Role of ADGM Approved Auditors 

The role of ADGM approved auditors is to ensure that the entities operating within the ADGM Free Zone adhere to the highest standards of financial reporting and compliance with regulations.

The responsibilities of ADGM approved auditors include:

Audit & Assurance

ADGM Approved Auditors will audit the annual financial statements of companies operating in the ADGM Free Zone, ensuring that they adhere to the standards set by the ADGM authorities, that there are no misstatements and that they comply with IFRS. 

International Reporting Standards

The auditors must verify that the financial statements provided by the ADGM companies are accurate and provide a true and fair picture of their financial position. This includes verifying their bank statements and balances, affirming authorized business activities and declaring revenues from non-licensed activities.

Compliance and Transparency 

Accurate financial reporting is crucial for businesses and gives a clarity of your financial position which leads to informed decision-making and builds trust among investors and shareholders. 

Expertise in ADGM Regulations

KGRN as an ADGM approved auditor, have a proficient understanding of the ADGM’s regulatory framework and profound expertise in International Financial Reporting Standards

As an approved ADGM Auditor, KGRN offers specialized auditing and advisory services to businesses operating in the ADGM Free Zone. These services are essential to stay compliant with ADGM regulations and boost financial transparency. 

Internal Auditing – We help businesses boost their operations by evaluating the internal process, accounting procedures, corporate governance frameworks and risk management process. 

External Auditing – We fosters a culture of integrity and transparency in a business and increases shareholder confidence, as our qualified auditors perform statutory audit & assurance seamlessly with precision, efficiency and minimal disruption

IFRS Reporting & Consultancy- ADGM entities must maintain records of the annual financial statements and submit to the Registration Authority for a financial year. Our team of expert accountants, help companies in preparing their financial statements, maintaining their records and create reports in accordance with international reporting standards. 

For businesses that are in transition to IFRS, our IFRS specialists help them navigate the complexities and provide assistance with the implementation of the new standards.  

Corporate Tax & VAT Services- Our tax professionals help businesses with tax planning strategies, stay up-to-date with Corporate Tax and VAT regulations, file taxes on time, maximize returns and avoid penalties. We’ve got them covered in the entire tax journey to ensure their taxes are done right, every time. Our client’s tax responsibility will be entirely upon us!

In-Country Valuation – KGRN is authorized by the Ministry of Industry and Advanced Technology as an ICV certifying body to offer ICV services such as preparing audits, applying for ICV and obtaining ICV certificates for businesses.

Company Formation & Business Setup Consultation – Whether you’re an entrepreneur, startup or a global establishment, ADGM offers an advancing environment in which you can thrive with exclusive benefits. From swift registrations to licensing, experience a smooth business setup process with KGRN.

Our comprehensive auditing & advisory services help ADGM companies reduce risks, increase efficiency and improve their overall business performance. Feel Free to contact us for Free Consultation with our experts.