HFZA Approved Auditors
About Hamriyah Free Zone (HFZ) and Audit Requirements
Located in the emirate of Sharjah, Hamriyah Free Zone (HFZ) is an industrial hub for many manufacturing companies and is considered among the top Free Zones in the UAE due to its favorable business policies, strategic connectivity with the other six emirates, and efficient regulatory framework including mandatory financial audit requirements for companies by approved auditors in Hamriyah Free Zone Authority (HFZA).
The Hamriyah Free Zone attracts over USD 3 billion in foreign investment, which is a clear testament to the effectiveness of these regulatory standards implemented by HFZA. As part of its compliance measures, HFZA has mandated that all free zone establishments must have their books of accounts audited by an independent auditor registered with the Authority. This ensures a well-regulated business environment and promotes financial transparency within the free zone.
To comply with these rules and avoid rejection of audit reports, companies are strongly advised to choose only HFZA-approved auditors.
Auditing Services in Hamriyah Free Zone by Al Fakher Accounting
Al Fakher Accounting is a leading audit and accounting firm in the UAE and is registered with Hamriyah Free Zone Authority (HFZA). We offer professional auditing services to ensure companies meet all regulatory and financial reporting obligations as set by the free zone.
Our auditors:
Are approved by HFZA
Ensure full compliance with International Financial Reporting Standards (IFRS)
Verify that the financial statements are true and fair
Help you avoid penalties and issues during license renewal
Provide audit reports that meet HFZA’s submission standards
HFZA strictly does not accept audit reports from non-registered firms, so it is crucial for businesses to engage a listed auditor like Al Fakher Accounting to ensure timely and valid report submissions.
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About Hamriyah Free Zone (HFZ)
The HFZ is strategically located in Sharjah, the third-largest emirate in the UAE after Abu Dhabi and Dubai. Sharjah is known for its vibrant cultural identity and has been recognized by UNESCO as the Cultural Capital of the Arab World. The emirate boasts a strong presence in education, industry, and heritage.
HFZ provides world-class infrastructure including offices, warehouses, and factory spaces. Businesses operating in HFZ span multiple sectors, such as:
Heavy Industry
Logistics & Transportation
Oil & Gas
Petrochemicals
Packaging
Steel
Recycling
Food Processing
Textiles
Perfume & Cosmetics
The Free Zone also supports service-based industries, including auditing firms, banking, currency exchanges, conference rooms, and staff accommodation.
Documents Required by HFZ Approved Auditors to Conduct the Audit
Companies must present the following documents to facilitate the auditing process:
Trial Balance, Balance Sheet, Profit & Loss Statements
Audit Schedules (e.g., depreciation, provisions, accruals)
Closing Stock & Work-in-Progress details
Fixed Asset details (additions/disposals with support)
Copies of Invoices & Bills
Memorandum of Association (MoA)
Articles of Association (AOA)
Latest Trade License
VAT & Excise Tax Registration (if applicable)
Books of Accounts
Why Audit Is Mandatory from Approved Auditors in Hamriyah Free Zone
Al Fakher Accounting is a registered and approved auditing firm with the Hamriyah Free Zone Authority (HFZA). Our expert auditors perform audits in full compliance with International Financial Reporting Standards (IFRS) and HFZA’s regulatory framework.
By partnering with Al Fakher Accounting, your business gains:
An audit report that offers a true and fair view of your financial position
Compliance with both local and international standards
Timely audit completion and submission to HFZA for license renewal
Risk mitigation from non-compliance or penalties
Companies in HFZ have relied on Al Fakher Accounting for years due to our experience and client-focused service. We are committed to helping your business stay compliant, grow sustainably, and operate transparently in one of the UAE’s top industrial free zones.
Auditing Services in HFZ by Al Fakher Accounting
The Hamriyah Free Zone Authority (HFZA) requires companies to get their accounts audited by independent approved auditors for several key reasons:
Regulatory Compliance
Companies must ensure that their operations adhere to the HFZA’s regulations and comply with federal-level standards such as those from the Federal Tax Authority (FTA) and Anti-Money Laundering (AML) laws.Transparency & Accountability
An independent external audit reassures the company’s management and the authorities that there is no financial misconduct or irregularities hidden in the books.Reliable Information for Decision-Making
Stakeholders and authorities depend on the auditor’s report to make informed business decisions and policy assessments.Adherence to Accounting Standards
Audits help ensure that financial statements are prepared as per local and international standards like IFRS, and that the company is not involved in fraud, financial misreporting, or illegal activity.HFZA Compliance
Using only approved auditors in HFZ guarantees that the audit report will be accepted without delays or rejections.