Approved auditors
InternationalMediaProductionZone
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 International Media Production Zone
Licensed by Dubai Development Authority. Printing, publishing and media production, now part of Dubai Production City.
Overview
Auditors registered in International Media Production Zone
Vigor Accounting & Taxation, along with our Audit Division has a registered entity to provide statutory audit and assurance service performing in accordance with the management requirement / government bodies including bank facilities or free zones requirements. As part of Origami Consulting, we examine and validate your accounts but strive to dive deeper than those numbers with prompting queries that can scale performance or illuminate internal liabilities building pressure on the business. Vigor Accounting and Taxation are committed to assisting businesses thrive and rewrite their growth story by leveraging our extraordinary human capital, which is unparalleled in today's compliance driven economic environment. Our certified team has done more than 2,000 audits and keeps to the code of ethics which is known for integrity, objectivity and professionalism.
Vigor Accounting and Taxation is privileged to fulfill the objective of generating Happy Customers by offering authentic, professional grade services that changes businesses forever. At the same time, with unfazed quality services we ensure to repeatedly achieve happy stomers and add some more of them in our portfolio.
You will need to have an audit report for your license renewal, Vigor Accounting and Taxation are also registered auditors in the International Media Production Zone (IMPZ) we can offer you all the services of required Audit Report.
For more information on our external audit services please contact us today.
5,000+
Audits completed
20
Zones approved in
9
years, since 2017
What the zone requires
Three rules that decide your renewal
- 01
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.
- 02
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.
- 03
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. International Media Production Zone 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 International Media Production Zone 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.
Plan it
Work out your own dates
When does your licence expire?
Pick the month and we will count the audit back from it. Nothing is sent anywhere.
Choose a month above to see the four dates that matter.
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.
01Is an external audit mandatory for companies in International Media Production Zone?
Most free zone licences, including those issued in International Media Production Zone, require audited financial statements as a condition of licence renewal. Whether your specific entity type and activity fall under this requirement depends on your licence terms, so it is worth checking the renewal conditions attached to your trade licence directly with the authority.
02How much does an external audit cost in IMPZ?
Audit fees depend on the size of the company, the number of transactions, the complexity of its accounts and the state of its existing bookkeeping records. Because of these variables, audit work is quoted with a proposal after reviewing the company's financials rather than priced as a flat fee.
03When is the audit report due for licence renewal?
Audit reports are generally required as part of the annual licence renewal process, so the report needs to be ready before the renewal date falls due. The exact timing depends on your licence anniversary, which is set by the free zone authority, so it is best confirmed against your own renewal notice.
04What happens if I renew my licence without submitting audited accounts?
Free zone authorities can withhold or delay licence renewal where audited financial statements are not submitted as required. This can affect a company's ability to trade, sponsor visas or open bank accounts, so it is sensible to prepare the audit well ahead of the renewal deadline rather than at the last moment.
05Which companies in IMPZ need an approved auditor?
Companies whose free zone licence conditions call for audited financial statements need to appoint an auditor recognised by the authority. This generally covers most licensed entities in the zone, though the exact requirement turns on your licence category and activity, which is confirmed in your renewal documentation.
06What documents does an auditor need from my company?
An auditor typically needs bank statements, sales and purchase invoices, payroll records, fixed asset registers, prior year financial statements and general ledger detail for the period under review. Vigor Accounting and Taxation, as an FTA approved auditor in Business Bay, sets out the exact list once the scope of the engagement is agreed.
Not here? Ask Vigor, and a specialist picks it up from there.
