Approved auditors
DubaiInternationalAcademicCity
Since 20179 Since 2017
- On the zone's approved auditor list
- FTA approved tax agency
- Signed in time for renewal
Talk to a specialist
Tell us your licence expiry and we will tell you what the zone needs and by when.
- Reply in 24h
- FTA approved
- Direct to a specialist
Vigor is a registered auditor for Dubai International Academic City
Licensed by Dubai Development Authority. International university branch campuses and higher education institutions.
Overview
Auditors registered in Dubai International Academic City
Vigor Accounting and Taxation is registered with this body to provide meaningful audit & assurance services in order to be legally necessary while (i) management of the entity, government bodies governed by any statute or law; banks satisfied statutory requirements. Our hands-on approach uses the data to not only review financials but also show you how to improve and highlight underlying risks. A series of seasoned, imperiled managers and practical experience professionals , we offer the great gateway for any company desiring to amplify & retell their journey in a contemporary economy with all its strange complexities. Our certified staff have performed more than 5,000 audits with the highest level of integrity, objectivity and professionalism that we consistently uphold in our auditing procedures to this day , fully adhering to national guidance on ethics.
At Vigor Accounting and Taxation we firmly believe in our mission is Happy Customers with quality services that add value to your business. We side with the capability of visual testimonials and are here to feature more than one hundred shots made with our clients’ participation in showing their trust through keeping on to our catalog as a sign of expression. Moving forward, we intend to ensure that more and more “Happy Customers” are added within our list of happy clientele by offering best- in class quality services which not only meet but exceed client needs
An Audit Report is a prerequisite for license renewal- as Auditors registered in Dubai International Academic City we are able to issue the required audit report and help you be compliant with licensing authorities ensuring your business runs smoothly.
5,000+
Audits completed
20
Zones approved in
9
years, since 2017
What the zone requires
Three rules that decide your renewal
Audited statements at renewal
Most free zone licences require audited financial statements before the authority will renew. The window and the format are set by the zone, so the date to work back from is your licence expiry.
Signed by an approved auditor
The zone will only accept a report from a firm on its own approved list. A report from a firm that is not listed is rejected at submission, whatever its quality.
Records kept for five years
Every UAE company must keep its accounting records for at least five years, which is separate from the audit itself and applies whether or not the licence requires one.
When to start
Count back from your licence expiry
The deadline is set by your renewal date, not by the calendar year, which is why two companies in the same zone can have completely different audit seasons.
90 days out
Engage the auditor
Scope and fixed fee agreed while there is still room to move.
60 days out
Records handed over
Books, statements and supporting documents. Backlog rebuilt first if there is any.
30 days out
Fieldwork and queries
Balances verified. Anything that does not reconcile is raised while it can still be corrected.
Renewal
Signed report submitted
Audited statements in the zone's format, in time for the licence.
Vigor’s working guidance for a straightforward set of accounts, counted back from your licence expiry. Dubai International Academic City sets the submission deadline and the accepted format, so the date to plan from is your own renewal date rather than a fixed month in the year.
How it runs
Four steps from engagement to a signed report
- 01
Engagement and scope
We confirm the zone, the licence type and the financial year, then issue a scope and a fixed fee in writing. Nothing starts before you have both.
- 02
Records and reconciliation
You send the books, bank statements and supporting documents. Where the books are behind, that backlog is quoted separately and rebuilt first.
- 03
Fieldwork and testing
Balances verified, controls tested, and anything that does not reconcile raised with you while there is still time to correct it rather than after signing.
- 04
Signed report for renewal
Audited financial statements in the format the zone accepts, signed by an auditor on its approved list, in time for the licence renewal window.
Engagement and scope
Talk to an approved auditor
Tell us your licence expiry in Dubai International Academic City and we will tell you what is needed and by when.
Before we start
What we need from you
Tick what you already have. Most companies are further along than they think, and fieldwork can usually begin before the last of it arrives.
Tick what you already have
Most companies have more of this than they expect. Nothing here is sent anywhere.
What it depends on
Why audit is quoted rather than published
What moves an audit fee
Audit is quoted with a proposal rather than published, because these four things decide the work. Answer them and you will see the shape of the engagement, which is the part a fee follows from.
Transactions a month
The single biggest driver. It is the volume of testing, not the size of the turnover.
Bank accounts
Every account is its own reconciliation, and multi-currency accounts are two.
Entities on the licence
A group consolidates. Each company still needs its own audited statements.
State of the books
Books that are behind are rebuilt before the audit starts, and quoted separately.
Answer all four to see the shape
0 of 4Nothing here is a price. It is what a proposal is built from.
Government Agencies
We work closely with all Government Agencies
Company formation, licensing, visas, customs codes and tax registration all pass through these authorities. Start a company setup.
Answers
Questions about this zone
The six asked most often before an audit engagement starts.
01Do I need an external audit for my company in Dubai International Academic City?
Most free zone licences require audited financial statements for renewal, and DIAC is one of them. Whether your company needs one depends on your specific licence category and the current rules set by the DIAC authority, so it is worth checking your renewal conditions each year rather than assuming last year's requirement still applies.
02How much does an external audit cost for a DIAC company?
Audit fees depend on the size of the company, the number of transactions, and the complexity of the accounts, so there is no fixed figure to quote here. A proper cost is given once we have reviewed your trial balance and prior year financials, and you receive that as a written proposal before any work begins.
03When do I need to submit audited financial statements to DIAC?
Audited financial statements are generally required as part of the licence renewal process, so the deadline is tied to your renewal date rather than a fixed calendar date across all companies. It is best to confirm the exact submission window with the DIAC authority ahead of your renewal to avoid delays.
04What happens if I miss the audit deadline for licence renewal?
Missing the audit deadline can hold up your licence renewal, and the free zone authority may impose its own fines or restrictions until the audited statements are submitted. The exact consequence depends on how the DIAC authority applies its rules at the time, so it is safer to start the audit well before renewal is due.
05Does the auditor need to be on an approved list for DIAC companies?
Yes, DIAC maintains a list of approved auditors and companies within the free zone must use a firm from that list for their statutory audit. Vigor Accounting and Taxation LLC is an FTA approved tax agency and approved auditor, and can confirm current approval status before engagement.
06What documents do I need to provide for an external audit?
You will generally need to provide your trial balance, bank statements, sales and purchase invoices, contracts, payroll records, VAT returns, and the prior year financial statements. The exact list depends on the size and activity of your company, and is confirmed once the audit scope has been agreed.
Not here? Ask Vigor, and a specialist picks it up from there.
