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RAKEZ Approved Auditors List

RAKEZ Approved Auditors — Ras Al Khaimah Economic Zone

SKM International is a RAKEZ approved auditor for companies in the Ras Al Khaimah Economic Zone. We prepare IFRS-compliant audited financial statements for RAKEZ companies — free zone and non-free-zone entities alike — and get them ready in good time for your annual trade-licence renewal, so it is never held up. Delivered by a Big Four-experienced team that has audited UAE companies since 2006.

Reporting Standards
IFRS ISA
Big Four Experience
KPMG Dubai Deloitte Dubai EY Saudi
RAKEZ spans industrial, trading and tech sectors — we know manufacturing, trading, SME and holding-company audits well.
Approved
On the RAKEZ Auditors List
IFRS
Reporting Standard
2,500+
UAE Audits Delivered
2006
Serving the UAE Since
RAKEZ Audit

RAKEZ Approved Auditors for Ras Al Khaimah Economic Zone Companies

Every company incorporated in RAKEZ must prepare and submit audited financial statements each year — and RAKEZ accepts reports only from firms on its approved auditors list. SKM International is on that list.

SKM International is a RAKEZ approved auditor — on the Ras Al Khaimah Economic Zone Authority's approved list, and authorised to audit and sign off the accounts of RAKEZ companies. Led by Managing Partner CA Sushil Malhotra (FCA, CIA-USA, CISI-UK), with Big Four experience at KPMG and Deloitte Dubai and EY Saudi Arabia.

Every company incorporated in RAKEZ must have its annual accounts audited — and RAKEZ accepts a report only from a firm on its approved list. Here is what that means for you, at a glance:

  • Who must audit: all RAKEZ-incorporated companies — covering free zone and non-free-zone entities under RAKEZ jurisdiction.
  • Approved auditor only: RAKEZ rejects a report from any firm not on its approved auditors list. SKM is on the list.
  • Standard: financial statements prepared to IFRS, audited to International Standards on Auditing (ISA).
  • Deadline: audited statements are required for your annual trade-licence renewal — we confirm your exact filing date and make sure you meet it.
  • Compliance checks: the audit may also touch Corporate Tax, ESR and AML/CFT obligations, depending on your activity.
  • We handle it end to end: manufacturing, trading, services, holding companies and SMEs — with your renewal timeline confirmed to you in writing.
RAKEZ Audit Requirements

What RAKEZ Requires From Registered Companies

The core audit obligations for Ras Al Khaimah Economic Zone companies. Get any one of these wrong and your trade-licence renewal can be held up.

Annual Audited Financials
Every company incorporated in RAKEZ must prepare and submit audited financial statements for every financial year — covering both free zone and non-free-zone entities under RAKEZ jurisdiction.
IFRS-Compliant Statements
Financial statements must be prepared in line with IFRS and audited to International Standards on Auditing (ISA) — balance sheet, income statement, cash flow and notes to the accounts.
Approved Auditor Only
The audit must be carried out by a firm on the RAKEZ approved auditors list. RAKEZ will not accept a report from a non-approved firm — wasting both time and fees.
ESR & AML/CFT Checks
Alongside the audit, RAKEZ companies may need to address Economic Substance (ESR), Corporate Tax and AML/CFT obligations, depending on activity and sector.
Tied to Licence Renewal
Audited statements must reach the RAKEZ Authority for your annual licence renewal. Miss the filing and your renewal stalls — so we track your date and prepare early.
Consequences of Late Filing
Under the RAKEZ Violations Code, failure to submit audited financial statements after your financial year-end means the renewed licence is held and a financial fine of AED 2,500 applies, with a 3-month deadline to rectify — followed by suspension of services. Figures are set by the Authority and can change, so we confirm your current position. The fix is simple: start early.
On the Official List

SKM International on the RAKEZ Approved Auditors List

Always confirm a firm is approved before you engage it. Publicly circulating PDF lists are often years out of date — so verify against the current RAKEZ source.

How to verify a RAKEZ approved auditor

The RAKEZ approved auditors list is maintained by the Ras Al Khaimah Economic Zone Authority. Only firms assessed and approved by RAKEZ may audit and sign off a RAKEZ company's accounts. You can confirm any firm's status directly with the Authority; SKM International is on the approved list, under the details below.

Listed NameSKM International — Chartered Accountants
StatusRAKEZ Approved Auditor
ReportingIFRS · ISA

Choosing between dozens of names on the RAKEZ list? Speak to us first — we'll confirm your audit scope and your licence-renewal timeline, and quote a fair fixed fee based on your turnover and transaction volume, so you deal with one approved firm from engagement to submission.

Get a Fair, Fixed-Fee RAKEZ Audit Quote

RAKEZ audit fees depend on your turnover and transaction volume — so we quote a fair fixed fee upfront, with no surprises. Send your trade licence and last year's accounts and we'll come back with a clear price and timeline, usually the same business day. No obligation.

Call +971 55 278 9460 Mon–Fri 9–6:30 · Sat 9–3
What to Prepare

Documents Required for Your RAKEZ Audit

Having these ready before fieldwork begins is the single biggest factor in a fast, query-free RAKEZ audit. We'll send a tailored checklist when you engage us.

Trade licence (current copy)
Memorandum of Association (MOA) & certificate of registration
Share certificate(s)
Lease / tenancy agreement for the audit period
Trial balance, profit & loss and balance sheet
Bank statements for all accounts, full period
Previous year's audit report (if any)
Passport copy of shareholder / manager
Why SKM

RAKEZ Approved. Big Four Pedigree. On Time.

What separates SKM from a generic audit firm — the approval, the credentials, and the team behind every RAKEZ engagement.

On the RAKEZ List
SKM is on the RAKEZ approved auditors list — authorised to audit and sign off the accounts of Ras Al Khaimah Economic Zone companies. No risk of a rejected report.
Big Four Background
Managing Partner CA Sushil Malhotra: FCA, CIA (USA), CISI (UK) — with multinational audit experience from KPMG, Ernst & Young and Deloitte.
RAKEZ Sector Expertise
RAKEZ spans manufacturing, industrial, trading, tech and SMEs. We understand stock, intercompany balances and revenue recognition across exactly these structures.
Filed On Time
We track your RAKEZ licence-renewal timeline, agree a schedule in writing, and get the audited statements ready in time for submission and renewal — every year.
Our Process

How a RAKEZ Audit Works With SKM

Four phases, mapped to the RAKEZ filing cycle. Clear deliverables at each step.

1
Engagement & Deadline Check
Free consultation. We confirm your financial year-end and licence-renewal date, calculate your filing timeline, and issue a written engagement letter and fee before any work starts.
2
Records & Planning
We request your trade licence, ledgers, bank statements and supporting documents, then plan the audit around your RAKEZ-specific risk areas — stock, intercompany and revenue.
3
Audit & IFRS Statements
Substantive testing and review to ISA standards. We prepare your IFRS-compliant financial statements ready for approval and the auditor's opinion.
4
Sign-Off & Portal Support
Signed audit report delivered, and we support submission to the RAKEZ Authority in good time for your licence renewal so it proceeds without queries.

Approved Across Other UAE Free Zones Too

Companies in more than one zone? We are on the approved auditor panels for these Free Zones as well — one firm for all your UAE audit filings.

Closing a RAKEZ Company?

If you are winding up rather than renewing, a RAKEZ-approved auditor is also needed for the liquidation. As licensed liquidators, we handle company closure end to end.

FAQs

RAKEZ Audit — Common Questions

The questions RAKEZ companies ask most before engaging an approved auditor. Need something specific? Speak to our team.

What is a RAKEZ approved auditor?

A RAKEZ approved auditor is an audit firm authorised by the Ras Al Khaimah Economic Zone Authority to audit the financial statements of companies registered in RAKEZ. Only firms on the RAKEZ approved auditors list may examine and sign off a RAKEZ company's annual accounts — a report from any other firm will not be accepted by the Authority. Approval requires a valid UAE audit licence, qualified partners and proven audit experience.

How does a firm get on the RAKEZ approved auditors list?

An audit firm must apply to RAKEZ and meet the Authority's criteria — including a valid UAE auditing licence, qualified and experienced partners, and competence in IFRS and ISA. RAKEZ assesses each application and enrols approved firms on its list under the Authority's implementing regulations. SKM International is on the RAKEZ approved auditors list.

Is SKM International on the RAKEZ Approved Auditors List?

Yes. SKM International is on the RAKEZ approved auditors list, listed as "SKM International — Chartered Accountants." We are authorised to audit and sign off the financial statements of Ras Al Khaimah Economic Zone companies and to support submission to the Authority. You can confirm any firm's status directly with RAKEZ.

What is the RAKEZ audit deadline?

RAKEZ companies must have their financial statements audited after each financial year-end, and the audited accounts are required for your annual trade-licence renewal. The exact filing date depends on your licence cycle rather than a single fixed calendar date, so we confirm yours with you. We recommend starting your audit 2–3 months before your renewal so there is time for approval and submission.

Does a new or zero-turnover RAKEZ company still need an audit?

In most cases, yes. RAKEZ requires audited financial statements for every financial year for companies incorporated in the zone. The first audit period depends on your incorporation date and the financial year set in your Memorandum of Association. Send us your trade licence and we will confirm in writing what your company needs to do.

What happens if my RAKEZ company misses the audit deadline?

Under the RAKEZ Violations Code, failure to submit audited financial statements after completing your financial year means RAKEZ holds the renewed licence and applies a financial fine of AED 2,500, with a 3-month deadline to rectify, followed by suspension of services. RAKEZ will not accept an audit from a non-approved firm either — so using an approved auditor and filing on time both matter. These figures are set by the Authority and can be revised, so we confirm the current position for your company. This is why we manage the timeline and submission with you. (Source: RAKEZ Violations Code, rakez.com — verified June 2026.)

How do I verify an auditor is on the RAKEZ approved list?

Contact the RAKEZ Authority directly, or ask the firm to confirm its approval, before you engage anyone. Only firms on the RAKEZ approved auditors list can sign off RAKEZ company accounts, so it is worth checking first. SKM International is on the RAKEZ approved list and is happy to confirm its status.

How much does a RAKEZ audit cost?

RAKEZ audit fees depend on the size and complexity of your company's financials — turnover, number of transactions, group structure and the state of your records all matter. We provide a fair, transparent fixed-fee proposal up front, with no surprises. Send us your trade licence and last year's accounts for a quote.

Need a RAKEZ Approved Auditor? Let's Talk.

Mon–Fri 9:00AM–6:30PM  |  Sat 9:00AM–3:00PM  |  Office 102, Al Tawhidi Building, Al Mankhool, Dubai UAE