Key Takeaways
- ADGM entities report under IFRS and file audited accounts with the Registration Authority
- FSRA-regulated firms have additional prudential reporting
- Strong monthly accounting keeps ADGM compliance on schedule
Abu Dhabi Global Market operates a common-law, regulator-grade framework. Its accounting and reporting expectations are correspondingly rigorous, so ADGM entities benefit from disciplined, standards-based bookkeeping from day one.
IFRS reporting in ADGM
Companies in ADGM prepare financial statements under IFRS. This provides the consistency the Registration Authority and, where relevant, the FSRA expect, and it keeps the accounts comparable for investors and lenders.
Audit and filing
ADGM entities generally must file audited financial statements within the deadlines set by the Registration Authority, using an ADGM-registered auditor. Keeping books reconciled throughout the year is essential to meet these deadlines comfortably.
Extra rules for regulated firms
FSRA-regulated entities — such as asset managers and fintechs — face additional prudential returns and, where they hold client assets, specialised reporting. Their accounting function must be built to produce both statutory and regulatory outputs accurately and on time.
