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Auditors in ADGM

HLB HAMT Management Consultancy (HHMC) is a top audit firm focused on providing excellent audit services for businesses in the UAE Global Market (ADGM). As a leading audit firm for ADGM, we are the approved auditors for important free zones and regulatory authorities and fully understand the need for compliance, accountability, and transparency to build trust with stakeholders. Our team of experienced professionals is dedicated to helping clients understand the rules while maintaining high standards in financial reporting.

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Understanding the UAE Global Market (ADGM)

The UAE Global Market (ADGM) was created under UAE Federal Decree Law No. 4 of 2013 and started on Al Maryah Island. It has recently expanded to include Al Reem Island, following UAE Cabinet Resolution No. 41 of 2023. This change supports UAE’s goals for 2023-2027 to strengthen its financial sector and global position.

Timeline: Until December 31, 2024, businesses in ADGM can operate without certain registration and licensing requirements, giving them time to obtain the necessary permits.

HLB HAMT Management Consultancy (HHMC) is here to help companies understand the ADGM rules. We offer services like company formation, regulatory compliance, and audit solutions tailored to the needs of businesses in this active financial hub. With our expertise, we ensure that your operations meet all requirements, helping your business succeed in UAE.

Audit Requirements in ADGM

In the UAE Global Market (ADGM), every business must keep its financial records for at least 10 years and submit annual accounts to the ADGM Registration Authority (RA) for the financial year ending on their Accounting Reference Date (ARD).

Audited Accounts Requirement: Unless exempted, all ADGM entities must have their accounts audited by a registered statutory auditor in ADGM, such as HLB HAMT Management Consultancy (HHMC). The audited annual accounts should include:

  • Director’s Report: A summary from the company’s directors about the financial performance.
  • Independent Auditor’s Report: A review from an external auditor providing their opinion on the accounts.
  • Individual Accounts: Financial statements showing how the individual entity performed.
  • Group Accounts: Combined financial statements for all related companies.

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Approved ADGM Auditors

At HLB HAMT Management Consultancy (HHMC), we are registered auditors approved to conduct audits for businesses in the UAE Global Market (ADGM). Our expert auditors understand the unique needs of businesses in this area, ensuring that your financial statements are accurate, relevant, and compliant with local regulations.

SCA-Approved Auditors

As an SCA-approved auditor, HLB HAMT Management Consultancy (HHMC) specializes in auditing public joint stock companies (PJSC) within ADGM. Our deep understanding of SCA rules ensures your financial reports meet all required standards, showing our commitment to transparency and integrity.

How Does HLB HAMT Management Consultancy (HHMC) Distinguish Itself as a Leading Audit Firm for ADGM?

  • International Expertise: HLB HAMT Management Consultancy (HHMC) connects you with global insights and best practices through our HLB International network.
  • Compliance with IFRS and FSRA Guidelines: We ensure that our audit procedures follow International Financial Reporting Standards (IFRS) and the Financial Services Regulatory Authority (FSRA) guidelines, reinforcing our commitment to thorough and compliant service delivery.
  • Data Security: We are ISO/IEC 27001:2015 certified, which means your data is secure and protected.
  • Use of Technology: We use the latest tools and technology to make our audit processes more accurate and efficient.
  • High-Quality Services: We are committed to meeting high standards for both local and international requirements.
  • Experienced Team: Our team consists of skilled professionals with diverse backgrounds, offering tailored insights to meet your organization’s needs.
  • Certifications and Approved Auditors: HLB HAMT Management Consultancy (HHMC) holds certifications under ISO 3402 Type II, ISO, and IEC, and we are recognized auditors in UAE.

By choosing HLB HAMT Management Consultancy (HHMC), you ensure effective support for your audit needs, helping to create a successful and transparent business environment.

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FAQs

All businesses operating within the UAE Global Market must prepare financial statements annually and have them audited by a registered auditor.


HLB HAMT Management Consultancy (HHMC) includes registered auditors for ADGM businesses, and we are the SCA-approved auditors specializing in public joint stock companies (PJSC), ensuring compliance with all regulations.


Not adhering to ADGM’s audit regulations can result in penalties, potential legal issues, and harm to your business's reputation. At HLB HAMT Management Consultancy (HHMC), we ensure that your audit processes comply with all regulations, reducing any risk of non-compliance.


At HLB HAMT Management Consultancy (HHMC), we adhere to International Financial Reporting Standards (IFRS) and Financial Services Regulatory Authority (FSRA) guidelines in our audit procedures. This commitment ensures that our audits are thorough and compliant, providing you with confidence in your financial reporting.


Our extensive knowledge of ADGM’s regulatory framework, along with our customized service approach, makes us a reliable choice for businesses needing audit assistance.


Our team stays informed about the latest ADGM regulations through participation in industry seminars, workshops, and ongoing professional training.

HLB HAMT Management Consultancy (HHMC) offers a range of audit services to help businesses in the UAE Airport Free Zone (ADAFZ). This includes checking financial statements, valuing businesses, and providing custom audit solutions that fit each client's needs.

Regular audits are vital for businesses in ADAFZ because we help to understand operations, make it easier to renew licenses, ensure compliance with regulations, and improve financial health. We also build trust with stakeholders by providing transparent and accurate financial information.

The team at HLB HAMT Management Consultancy (HHMC) includes experienced approved auditors who are certified and authorized to work in ADAFZ. We possess the knowledge and skills necessary to provide high-quality service, including specialized audits for public joint stock companies.

 

As an approved auditor, HLB HAMT Management Consultancy (HHMC) adheres to strict regulatory guidelines. We follow international standards like IFRS and local rules to ensure all audits meet necessary requirements, helping businesses stay compliant.

HLB HAMT Management Consultancy (HHMC), recognized as a leading audit firm for ADAFZ, carefully analyzes income sources and maintains open communication with management. This ensures that financial documents are reliable and trustworthy, which is crucial for decision-making.

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