ADGM Approved Auditors In Dubai
Now Consultant is among the approved auditors in ADGM, delivering accurate and transparent financial reporting. We also provide tailored internal audit ADGM services to help businesses strengthen compliance and manage risks effectively.
The Abu Dhabi Global Market (ADGM), established under UAE Federal Decree-Law No. 4 of 2013, initially operated on Al Maryah Island and has recently expanded to Al Reem Island under UAE Cabinet Resolution No. 41 of 2023. This strategic expansion aligns with Abu Dhabi’s 2023-2027 goals to grow its financial sector and elevate its global standing.Â
Businesses running under the jurisdiction of ADGM need to follow strict auditing and compliance standards. Failure to meet these standards can result in significant financial penalties and reputational damage. For that purpose, ADGM approved auditors play an important role in ensuring compliance and transparency for companies in this dynamic economic jurisdiction.
Who Are ADGM Approved Auditors?
ADGM registered auditors are financial professionals recognized by the ADGM Registration Authority. These auditors possess the necessary qualifications and expertise to conduct reliable audits in accordance with IFRS (International Financial Reporting Standards) and ADGM-specific regulations.
The certified auditors ensure compliance with all financial reporting mandates, reducing your risk of heavy penalties.
Now Consultant is the certified ADGM audit firm. Our experts execute a comprehensive audit for your business, meeting all ADGM requirements and helping you grow your business in the Free Zone.
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Our Process Of Audit In Abu Dhabi Global Market!
At Now Consultant, we have developed a comprehensive ADGM audit process to ensure compliance and accuracy at every step:
Initial Consultation
In the first step, our expert audit team analyzes all your financial details to find any loopholes and irregularities. In this step, we also review your documents so that they are accurately collected for the audit process.
Audit Execution
In the second step, we check that your financial statements must meet the standards of ADGM auditing requirements. Our expert team executes a comprehensive audit process to make sure that all the statements are compliant with the authorities' regulations.
Issue Resolution
In the third step, our team of approved auditors in ADGM carefully monitors any issues that come up during the audit. We correct errors as they arise and provide recommendations to keep your records accurate and error-free.
Compliance Assurance
In the fourth step, we verify that all the results generated from the audit and all the audit financial reports must be aligned with ADGM compliance requirements.
Finalization and Submission
In the last step, we finalize the audit report by covering all the above-mentioned factors. We submit the comprehensive audit report to the ADGM Authority on your behalf.
Our Audit Services In ADGM
At Now Consultant, our certified ADGM auditors provide a wide range of audit and assurance services to meet the regulatory standards of the Abu Dhabi Global Market (ADGM).
Statutory Audit
We conduct statutory audits in accordance with ADGM guidelines and International Financial Reporting Standards (IFRS). Our reports ensure that your financial statements reflect true and fair performance while complying with ADGM’s regulatory framework.
Compliance Audit
We perform in-depth ADGM compliance audits to verify that your company follows ADGM’s rules, anti-money laundering (AML) requirements, and all relevant financial reporting standards.
Financial Review & Reporting
We review financial statements and related disclosures to ensure accuracy, consistency, and compliance before submission to ADGM authorities, minimizing risks of delays or rejections.
Internal Audit
Our internal audit services In ADGM evaluate the effectiveness of internal controls, governance practices, and risk management systems. We help identify gaps, strengthen processes, and enhance operational efficiency.
Forensic Audit
Our forensic auditors investigate financial irregularities and detect potential fraud. We provide clear, evidence-based findings to assist in dispute resolution and protect your organization’s reputation.
Business Advisory & Risk Consulting
Beyond audit and assurance, we offer advisory services focused on improving financial planning, restructuring, and risk mitigation, supporting your company’s long-term stability and growth within ADGM.
Documents Required for Audit In ADGM:
To complete the auditing process in the ADGM Free Zone, companies must prepare and submit the following documents:
- A valid copy of your company’s trade license.
- A copy of the MOA specifying the company’s objectives and structure.
- Detailed statements, balance sheet, income and cash flow statement.
- Verified bank records for the financial year under review.
- Records of sales and purchase invoices.
- Corporate tax certificate with all essential details.
- Comprehensive VAT reports and filings, if applicable.
- Salary and payroll details for the financial year.
Benefits of Hiring an Approved Auditor In ADGM
The following are the benefits of hiring an ADGM Approved Auditor:
These auditors ensure that your financial statements meet the strict ADGM reporting standards.
The authorized auditors of ADGM help in accurate and transparent financial reporting.
They build trust among investors, customers, and stakeholders by following a step-by-step audit process.
They align with ADGM’s regulatory requirements and avoid the risk of costly penalties.
ADGM auditors specialize in IFRS compliance, which is important for businesses functioning in an internationally competitive market.
These auditors also provide additional services beyond ADGM audit services, like VAT and corporate tax compliance, providing solutions to all your financial and legal problems.
The certified ADGM auditors interpret your data, delivering insights that help you in better decision-making and long-term business planning.
Why Should You Choose Us As Auditor In ADGM?
At Now Consultant, we understand the complexities and compliance challenges of auditing in the ADGM Free Zone. Our expert team guides you every step of the way, ensuring accuracy, mitigating the risk of fines or penalties, and safeguarding your business’s compliance with regulatory requirements.
From document preparation and issue resolution to final report submission, our ADGM approved auditors go through the complete audit process with accuracy, meeting all the unique audit requirements of your business.
- Free Zone Compliance Expertise
- Accurate and Transparent Audits
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Frequently Asked Questions
Is it mandatory to hire an ADGM approved auditor?
Yes, all entities registered under the Abu Dhabi Global Market are required to appoint an approved auditor listed by the ADGM Registration Authority.Â
What is the deadline for submitting audited financial statements in ADGM?
It is mandatory that audited financial statements must be filed with the ADGM Registration Authority by June 30th of each financial year. However, businesses should verify their specific filing deadlines based on their fiscal year-end.Â
Can ADGM auditors also help with financial advisory services?
Yes, many ADGM approved auditors, including our expert auditor team at Now Consultant, offer end-to-end financial support services, from audits to strategic advisory and regulatory compliance.Â
Do you provide ADGM compliance services as well?
Yes, we have dedicated ADGM Compliance Specialists who work alongside our auditors. They ensure your business meets all ADGM regulatory requirements efficiently while supporting smooth operations and compliance management.
Do you also provide accounting services in ADGM?
Yes, we offer professional tax and accounting services in ADGM, helping businesses maintain accurate financial records, ensure compliance with ADGM regulations, and streamline their financial operations. Our team of experts supports companies with bookkeeping, reporting, and all essential accounting requirements.
