The International Humanitarian City (IHC), located in Dubai, is the largest humanitarian hub in the world. Established under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, IHC brings together UN agencies, NGOs, private companies, and government bodies with a shared mission: to deliver humanitarian aid efficiently across the globe.
As a free zone authority, IHC provides a strategic base for organizations to operate, with tax benefits, world-class logistics facilities, and global connectivity.
The community includes:
UN Agencies coordinating international relief efforts
Non-Governmental Organizations (NGOs) delivering aid to crisis zones
Private Corporations supporting logistics, technology, and humanitarian projects
Charities and Foundations promoting global development
In such a diverse ecosystem, financial integrity is critical. Transparent audits ensure:
Compliance with UAE and free zone regulations
Trust among donors, stakeholders, and partners
Efficiency in managing humanitarian and corporate funds
Alignment with international accounting and reporting standards
Entities in IHC must prepare financial statements in accordance with International Financial Reporting Standards (IFRS) to ensure both domestic and global compliance.
Humanitarian organizations, commercial entities, FZLLCs, NGO branches, and UN agencies operating under IHC’s jurisdiction must comply with annual audit requirements
An auditor must be chosen from IHC’s approved list and must be completely independent with no conflict of interest
Be audit-ready with:
Full accounting of all financial transactions
Records of assets and liabilities
Sales, purchases, contracts, and transactional documents
Official legal documents (MOA, AOA)
Auditor’s statement confirming financial fairness and standards used
Reports must be submitted within six months before year-end or within three months of your financial year-end if it differs from the calendar year.
The authority retains the power to inspect records and premises as needed.
These requirements are enforced under Law No. (1) of 2012 and updated regulations effective December 2022, granting the IHC Authority broad oversight of financial governance in the zone.
Penalties include fines, license suspension or denial of renewal, and reputational risks—critical in a humanitarian context where financial integrity and trust are paramount
AuditCo Times Auditors L.L.C, part of the Theta 7 Group, is a fully licensed and DED-approved audit firm in Dubai. With decades of combined experience, the firm provides a full spectrum of audit and assurance services across multiple sectors.
Being a DED-approved entity ensures that Theta 7 audits are legally recognized across UAE jurisdictions, including IHC.
Theta 7 supports:
Free zone companies in IHC, JAFZA, DMCC, and more
Mainland corporations operating under the UAE Commercial Companies Law
Offshore entities requiring regulatory or compliance audits
External audits provide independent assurance of financial statements. For IHC entities, these reports are crucial for regulatory compliance and instilling trust in donors, investors, and stakeholders.
Internal audits focus on improving internal controls, risk management, and operational efficiency. For NGOs and humanitarian organizations, internal audits help ensure funds are allocated effectively and processes remain transparent.
These audits assess whether a company is operating in line with UAE regulations, free zone laws, and sector-specific requirements. For IHC, compliance audits are particularly important for entities managing cross-border humanitarian aid.
Theta 7 offers special purpose audits, such as project-based financial reviews or donor-specific audits. AUPs are tailored to meet unique requirements, ensuring stakeholders receive exactly the insights they need.
Forensic Accounting – Helps detect fraud, financial irregularities, or mismanagement.
Financial Due Diligence – Vital for mergers, acquisitions, or partnership evaluations.
These services go beyond compliance to safeguard organizational integrity and support strategic decision-making.
Theta 7 brings together a team of chartered accountants, certified auditors, and financial experts with years of proven experience across industries. This depth of expertise ensures every audit engagement is handled with precision, professionalism, and an unwavering commitment to excellence.
All audits conducted by AuditCo Times Auditors L.L.C under Theta 7 are fully compliant with International Financial Reporting Standards (IFRS), giving stakeholders confidence that financial reports meet global benchmarks.
Whether you're an SME looking for financial clarity, or a large multinational requiring consolidated group audits, Theta 7 customizes its approach to match your business size, complexity, and industry.
At Theta 7 Group, we go beyond just ticking compliance boxes. Our licensed firm, AuditCo Times Auditors L.L.C, delivers transparent, IFRS-compliant, and IHC-approved audits that safeguard your organization’s reputation, build donor and stakeholder trust, and ensure you meet every regulatory requirement on time.
Whether you’re an NGO, UN agency, corporate office, or nonprofit in IHC, our expert auditors are here to provide tailored solutions that give you clarity and confidence.
📞 Book Your Consultation Now and discover how Theta 7 can help your organization thrive in the International Humanitarian City.
