As per the DIFC Law No. 5 of 2018 issued by the DIFC Authority, all companies licensed under DIFC having a turnover of more than AED 5 million calculated on a consolidated basis including all subsidiaries or having more than 20 shareholders for the year are required to have their accounts for that year to be examined and reported upon by a registered auditor under DIFC within six (6) months after the end of the financial year. Companies need to file with the registrar a copy of the Audit report within 30 days of circulation of the report to the Shareholders. A Company that fails to comply with these requirements is liable to a fine of up to USD 10,000).
HOW AGX CAN ASSIT.
The statutory Audit team at AGX Auditors is a registered auditor under the DIFC Registrar of Companies. We provide services that are of exceptional quality by delivering the audited report and complete assistance in submitting the report with the Registrar within the timelines required by DIFC.