Approved Auditors in ADGM
Auditing extends far beyond the mere examination of financial figures it encompasses a wide range of responsibilities. The audit landscape is rapidly evolving due to regulatory shifts and technological advancements. Approved Auditors in ADGM play a crucial societal role by not only providing significant value to their clients but also offering essential insights to enhance company performance.
HLB HAMT Abu Dhabi is a top audit firm focused on providing excellent audit services for businesses in the Abu Dhabi 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.
HLB HAMT

8
Offices

3000+
Clients

220+
Employees

25+
Years of Services
Understanding the Abu Dhabi Global Market (ADGM)
The Abu Dhabi 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 Abu Dhabi’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 Abu Dhabi 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 Abu Dhabi.
How Approved Auditors in ADGM helps your businesses?
Businesses seek Approved Auditors in ADGM who understand industry specifics, regional dynamics, political and economic contexts, long-term strategic goals, and potential risks that need assessment and mitigation. These advisors are essential for effectively leveraging critical information throughout the auditing process.
Audit Requirements in ADGM
In the Abu Dhabi 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 Abu Dhabi. 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.
Why Choose an Approved Auditor Like HLB HAMT Abu Dhabi?
We are dedicated to uncompromising service quality, ensuring continuous partner involvement in client engagements to support informed business decisions. Our collaborative approach with our team and clients ensures cost-effective delivery of exceptional service. These efforts have led to our UAE branch, HLB HAMT, being recognized as the best audit firm in the UAE for two consecutive years. Additionally, our global network has earned “Network of the Year” accolades twice in recent years, highlighting our commitment to client satisfaction across various sectors, including listed companies, large private firms, multinational corporations and their UAE subsidiaries, family businesses, mainland and free trade zone entities, and non-profit organizations.
Highlights:
International Expertise: HLB HAMT 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 Skilled Team: Holds certifications under ISO 3402 Type II, ISO, and IEC. Our team comprises experienced professionals from various backgrounds, offering insightful and tailored advice to meet your organization’s specific needs.
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Frequently Asked Questions – Approved Auditors in ADGM
The frequency of audits depends on the nature and size of the business. Generally, annual audits are recommended, but some companies may require more frequent audits, such as quarterly or bi-annual. Engaging {auditservices} ADGM can help determine the optimal audit frequency for your business.
Regular audits help businesses identify financial discrepancies, enhance internal controls, ensure regulatory compliance, detect fraud, and make informed strategic decisions. {auditservices} ADGM can provide expert insights and recommendations tailored to your business needs.
When choosing an audit firm, consider factors such as the firm’s reputation, experience in your industry, qualifications and certifications of the auditors, range of services offered, and their understanding of local and international regulations.
The duration of an audit depends on the business’s size, complexity, and the scope of the audit.
Failing to conduct required audits can result in penalties, fines, and legal actions from regulatory authorities. It can also damage a company’s reputation, lead to financial inaccuracies, and reduce investor and stakeholder confidence.
All businesses operating within the Abu Dhabi Global Market must prepare financial statements annually and have them audited by a registered auditor.
HLB Abu Dhabi 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.
The team at HLB Abu Dhabi 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 Abu Dhabi 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.
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