IFZA service provider change, audit and renewal open
An existing IFZA company moved its administration to us with audit paperwork open and renewal close. We kept all three moving together.
To change IFZA service provider, this company needed a valid NOC from its previous provider, with financial reporting requests and its renewal running at the same time. We coordinated the NOC and the handover, and IFZA confirmed DM Consultancy as the company's corporate services partner. A licensed external audit firm then delivered its final audit report, and IFZA reported the renewed documents available.
The situation
The company was already licensed in IFZA and wanted a new service provider to manage its administration. The change needed a valid no-objection certificate (NOC) from the previous provider.
Two other matters were open at the same time. Financial reporting documents had been requested. The licence was also approaching renewal.
What we handled
Handover, audit and renewal ran side by side. We tracked them as one file, because a paper missed between two providers can hold up the audit and the renewal together.
Provider change
We coordinated the change, including the previous provider's NOC. IFZA then recorded DM Consultancy as the corporate services partner.
IFZA
Audit papers
We worked between the client and a licensed external audit firm on the working papers and signatures the auditor requested.
The audit firm
Audit report
The audit firm sent its final audit report by email.
The audit firm
Renewal
IFZA reported that the company's renewed documents were available.
IFZA
The documented outcome
Three milestones are documented: IFZA accepted the change of service provider, the external auditor delivered its final report, and IFZA reported the renewed documents available.
- Change of service provider recorded by IFZA
- Final audit report from the external auditor
- Renewed documents reported available
Points for your own handover
What this handover needed, in the order it came up.
- The NOC comes first.The move to a new provider needed a valid NOC from the previous one.
- The calendar keeps running.Audit paperwork and renewal carried on through the handover, so the new provider picks both up from day one.
- The audit is the auditor's work.We gathered papers and signatures, and the licensed audit firm issued the report.
IFZA service provider change questions
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Who carried out the audit?
Moving your IFZA administration?
In thirty minutes we look at your current provider arrangement, the NOC and what is open on audit and renewal.
On the call
- Your current provider arrangement and the NOC
- What is open on audit and renewal
- A written scope, agreed before any work starts
