Reliable financial statements. A clear foundation for your next decision.
Brainstorm Chartered Accountants supports DAFZA businesses with external audits, audited financial statements and financial reporting, alongside separately scoped QFZP, Corporate Tax and VAT support.
Our audit approach reflects your operations, material balances, transaction profile and intended reporting purpose.
A well-planned audit independently examines financial statements and their supporting records. The work should reflect the company’s activities, material risks and reporting framework.
Reconciled books, documented transactions and an engagement scope agreed before work begins.
Financial statements, trial balance, general ledger, banks, revenue, purchases, expenses, receivables, payables, inventory, fixed assets and related parties, according to assessed risks and materiality.
DAFZA-related procedures, shareholders, lenders, financing, due diligence, ownership changes, restructuring, QFZP requirements and other regulatory or contractual purposes.
No. Review the licence, legal form, current authority instructions, tax position and intended reporting purpose rather than applying one rule to all DAFZA companies.
Relevant records can be coordinated across separately scoped engagements, subject to acceptance procedures and appropriate auditor-independence safeguards.
Where DAFZA requires an approved or registered audit firm for the intended purpose, verify current eligibility before the engagement begins.
The supplied company document identifies Brainstorm as registered with Dubai Airport Freezone under Registration No. 0250, with recorded validity through 13 September 2027.
These details come from the supplied record. Request current registration evidence and confirm acceptance for the intended reporting purpose before appointment.
Authority procedures, stakeholder reporting and Corporate Tax obligations can interact, but each has its own requirements.
Confirm audit eligibility, reporting and submission requirements for the company’s licence, legal form and relevant period. Avoid assuming one deadline or requirement applies to every entity.
Ministerial Decision No. 84 of 2025 requires a Qualifying Free Zone Person to prepare and maintain audited financial statements, independently of the general AED 50 million revenue threshold.
Audited information may support shareholders, finance applications, investor due diligence, ownership changes, restructuring and contractual reporting.
Read the official audited financial statements decision. Confirm current requirements for the company and relevant Tax Period.
Choose a service to reach its details. Procedures are tailored to assessed risks, materiality and the evidence relevant to your business.
Examine financial statements and underlying accounting records for the relevant financial year. Agree the framework, reporting purpose and responsibilities before work starts.
Review material accounting policies, estimates, financial statement presentation and disclosures under the applicable reporting framework.
Management remains responsible for the accounts. Preparation assistance and independent assurance require suitable scope boundaries and safeguards.
Review material bank and cash balances, reconciliations and significant transactions, considering the financing arrangements relevant to the company.
Test selected sales, purchases and expense transactions, focusing on recognition, classification and reporting-period allocation.
Examine significant customer and supplier balances and relevant liabilities. Investigate ageing, subsequent transactions and reconciliation differences.
Plan procedures around material inventory, stock movements, valuation and cross-border transactions. Discuss physical-count evidence early.
Review significant fixed-asset balances and evidence supporting additions, disposals and accounting estimates. Consider equipment and lease-related reporting where relevant.
Review material related-party and group balances, shareholder accounts and relevant foreign-currency transactions and disclosures.
Where separately within scope, compare audited figures with Corporate Tax and VAT information. Financial statements and tax returns need not contain identical figures.
An audit does not replace a separate tax computation or determine QFZP eligibility.
Communicate relevant accounting and control observations, resolve outstanding matters and complete reporting under the agreed engagement.
Free-zone incorporation does not automatically establish preferential treatment for every revenue stream. Assess the applicable QFZP conditions and the nature of the company’s income.
Review Free Zone Person status, actual operations, Qualifying and Excluded Activities and sources of income. The trade licence alone does not complete the analysis.
Classify transactions with free-zone, mainland, overseas, related-party and natural-person counterparties. Assess Qualifying Income, non-qualifying revenue and de minimis requirements.
Review operational presence, employees, expenditure, relevant assets, transfer pricing, audited financial statements and the proposed Corporate Tax treatment.
The framework includes specified manufacturing, processing, commodity trading, investment holdings, shipping, regulated financial activities, headquarters, treasury, aircraft financing, distribution and logistics activities, subject to the relevant rules.
Review property, financing, intellectual property and other potentially excluded transactions carefully. An audit supports financial-data reliability but does not determine the final tax treatment.
Consult Ministerial Decision No. 229 of 2025 for the Qualifying and Excluded Activities framework. QFZP and tax advice are separately scoped from the financial statement audit.
QFZP status should not be treated as permanent. Changes in operations, revenue and relationships can affect the position from one Tax Period to another.
Reassess activity and revenue classifications, substance, transfer pricing and de minimis compliance. Reconcile accounting information with the intended QFZP position and Corporate Tax return treatment.
The lowest quotation does not establish that a provider is appropriate for an authority or regulated reporting purpose. Check credentials before work begins.
Use the reference printed on a Brainstorm report to check available details through the verification portal. Contact the firm directly if details differ or the reference cannot be found.
An authenticity check does not replace reading the opinion, scope and limitations of the audit report.
The audit methodology reflects the actual business model, transaction profile and material balances.
Inventory, imports, exports, goods in transit, receivables, suppliers, foreign currencies, revenue and purchase cut-off, and related parties.
Aircraft-related transactions, equipment, leases, overseas suppliers, foreign currencies, long-term contracts, fixed assets and revenue recognition. Separate tax analysis may also be needed.
Freight, warehousing, stock movements, trade documents, customers, suppliers and group balances. Assess any applicable designated-zone distribution conditions separately.
Service and subscription revenue, accrued and deferred income, receivables, employee costs, intellectual property, overseas customers and shareholder balances.
Brainstorm’s supplied DAFZA material identifies FTA tax-agent, Corporate Tax and VAT support. Confirm current credentials and authorisation for the proposed engagement.
Financial statements, Corporate Tax returns and VAT returns may differ because of timing, tax adjustments, provisions, depreciation, exempt income, foreign exchange or related-party matters. Material differences should be explained and documented. Audit and tax remain separate professional engagements with appropriate independence safeguards.
Scope, information requirements and timing are agreed after understanding the business and the condition of its records.
Review the DAFZA licence, activity, financial year, transaction profile, records and audit purpose.
Assess company size, complexity, expected audit work and engagement responsibilities.
Provide a tailored checklist for the business and material balances.
Identify material balances and higher-risk areas requiring evidence.
Examine selected accounting records, transactions and supporting documents.
Discuss missing evidence and outstanding matters with the accounting team.
Review material accounting treatments, presentation and disclosures.
Where separately within scope, reconcile figures with Corporate Tax and VAT information.
Evaluate outstanding evidence, adjustments and reporting issues.
Issue the final report following the relevant professional and engagement procedures.
The final request list depends on the company’s activities, material balances and reporting purpose.
Reliable records and prompt responses help reduce preventable delays and evidence limitations.
Missing entries, unreliable ledgers and unresolved bank reconciliation differences can delay audit completion.
Missing stock evidence, unsupported receivables, unexplained group balances and absent invoices or contracts need timely attention.
Reconcile financial and tax information. DAFZA incorporation alone does not guarantee QFZP status or 0% treatment for all income.
Choose an engagement based on current credentials, relevant experience and an agreed professional scope.
The supplied company document records Registration No. 0250. Request current evidence of registration and confirm eligibility for your intended reporting purpose.
Coordinate financial reporting with separately scoped QFZP, Corporate Tax and VAT reviews while respecting auditor independence.
Locally accessible coordination for documents, professional queries and audit planning, with online verification for reports issued by Brainstorm.
Clear answers about appointment, reporting, QFZP and financial records.
The supplied company document records DAFZA Registration No. 0250 with stated validity through 13 September 2027. Request current evidence and confirm acceptance for the intended engagement.
No. Requirements can depend on the licence, legal form, authority instructions, QFZP position and other contractual or regulatory obligations.
Yes. Ministerial Decision No. 84 of 2025 requires a Qualifying Free Zone Person to prepare and maintain audited financial statements.
No. The company must satisfy applicable QFZP conditions, and preferential treatment depends on the relevant income qualifying under the rules.
Actual activities, income streams, counterparties, substance, transfer pricing, de minimis requirements, audited accounts and the proposed tax treatment.
Check the legal entity, UAE audit licence, current DAFZA registration where required, authorised signatory, scope, fees, independence and report-verification process.
Use the report-verification portal with the reference printed on the report. Contact Brainstorm if details differ or a reference is unavailable.
Yes, subject to separately defined scopes, acceptance procedures and appropriate auditor-independence safeguards.
The supplied DAFZA material identifies FTA tax-agent services. Confirm current credentials, authorisation and the proposed representation scope with the team.
They provide an accounting foundation. Separate analysis may still be required for adjustments, QFZP conditions, Qualifying Income, related parties, exemptions and transfer pricing.
Timing depends on record quality, transaction volume, inventory, company size, complexity, available evidence and responses to queries. Agree a timetable after the initial review.
Start with the DAFZA licence, financial year, activity, trial balance, latest statements, approximate revenue, transaction volume and prior audit report. Agree a secure sharing method first.
Explore financial reporting, tax, accounting and systems support.
Discuss wider external audit, controls and financial reporting requirements.
Explore audit servicesRegistration, calculations, returns and separately scoped free-zone tax analysis.
Explore corporate tax servicesReview registration, returns, refunds, imports, exports and supporting evidence.
Explore VAT servicesMaintain ledgers, reconciliations and schedules supporting financial reporting.
Explore bookkeeping servicesDiscuss permitted tax correspondence and representation within an agreed scope.
Explore FTA tax-agent supportReview finance, inventory, accounting systems and reporting workflows.
Explore ERP solutionsTell us your activity, financial year, audit purpose and accounting status. We’ll discuss the appropriate scope, document requirements and quotation.