ICV Certification Services
Ensure Experts Audit your Financial Statements
Benefits of ICV Certification
In Addition, companies get the following benefits from ICV Certification
Many private, public, and government organizations in UAE solely concentrate their procurement efforts on ICV Certified vendors.
Companies who don’t have the ICV Certificate can still bid on tenders, but their ICV score is considered “ZERO” in the bid evaluation, which may put them at a disadvantage compared to those with the ICV Certificate.
- Companies joining the ICV program will benefit from increased demand for local products & services to grow their businesses and win government contracts and tenders.
- Entrepreneurs, as well as small and medium-sized companies, will have more significant opportunities for growth through the localization of value chains.
- Increasing the opportunity for local companies to enter partnerships with international companies looking to collaborate with local ICV-certified companies to bid for tenders jointly.
- The program represents an opportunity to promote local companies and introduce their products and the quality of their services.
- ICV-certified companies can get financing at lower interest rates.
How to get ICV Certificate?
Companies are required to follow below mentioned 4 steps to get ICV certification
Auditing of Financial Statements
Engage a UAE-based Local Auditor to get IFRS-based Audited Financial Statements if you don't have them earlier. A newly established company can get ICV based on management accounts of less than 10 months.
Sharing of Financial Information for ICV Process
Based on Audited financial statements, share further financial documents to ICV team like the detail of purchases through ICV Certified and non-ICV-certified suppliers, WPS/Payroll of all employees, including expats and Emiratis, Investment within UAE, and exports, if any
Verification of Financial Information
The received information is verified as per pre-defined ICV guidelines by ICV team. Templates are filled, and the ICV score is calculated based on available information
Finalization and Issuance
Review of the ICV template and all supporting documents before final issuance, confirmation of ICV score, and issuance of ICV certificate
Pioneer ICV Certification Consultants
Adepts, pioneer ICV certification consultants in UAE, provide complete services to help organizations get ICV Certification with the highest possible ICV score per ICV guidelines. In Addition, we have a specialized sub-service line for ICV that helps our clients acquire ICV certificates and ICV improvement plans. Our experienced consultants will work with you to develop an effective strategy for achieving and maintaining compliance with the ICV Program. Contact us today to learn more about how we can help you effectively and efficiently get the ICV certificate and ICV Improvement plan.
What We Offer
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ICV Certification
Getting an ICV certificate can help you get more customers and win government contracts. We promise to deliver within a week or even faster, subject to the provision of accurate documents.
ICV Improvement Plan
ICV Improvement plan is requested at tender submission proposing your strategy and expected ICV score for the next 3-5 years. We prepare the plans, compare them, and choose the best option for your business. We develop a well-thought-out ICV Improvement plan which is achievable and helpful for winning tenders. Our professionally prepared plans help to avoid losing 5% ICV retention money.
ICV Score Improvement Strategy
Businesses need to develop ICV strategies that work well to scale up the Company in a highly competitive business environment. We help create a plan that focuses on finding solutions for optimizing ICV spending, Investment strategy, and raising the overall ICV score.
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Your Only Solution to ICV Certification!
You will take pride in Adepts once you work with us because we provide clients with the best possible advice and service when it comes to ICV certification. With years of rich experience in the industry, our team of experts is well-positioned to provide you with the guidance you need to navigate the complex world of ICV certification.
In Addition, we offer a free call or meeting service so that you can get all the information you need at your convenience. So, if you’re looking for reliable, expert advice on ICV certification, look no further than Adepts.
frequently asked questions
Auditing a company's financial statements gives investors, business owners and other stakeholders confidence in the company's financial information and helps them make smart business decisions.
The Audit financial statement should be audited because it gives its stakeholders confidence that the Financial Statements are audited by an independent auditor, external to the company and how healthy a company's financial position is as a whole and how well the company has performed during the respective year.
The following statements are audited during the engagement:
- Income Statement
- Balance Sheet
- Statement of cash flows
- Statement of Changes in Equity
- Related notes and schedules thereto
Why Choose ADEPTS
ADEPTS Chartered Accountants LLC is a premier accounting and bookkeeping firm in UAE, offering reliable services to manage income and expenditure, as well as helping clients to adhere to International Financial Reporting Standards (IFRS). Our team of professional financial advisors provides cost-effective solutions to meet long-term goals with exceptional accuracy and precision.
Comprehensive Services
We provide end-to-end ICV certification services, including assessment, gap analysis, and implementation. We work with you to identify any areas that require improvement and provide recommendations to help you meet the ICV certification requirements.
Timely Services
We understand that time is of the essence when it comes to ICV certification. Our team is dedicated to delivering timely services and ensuring that you meet your certification deadlines.
Long-Term Relationship
Our goal is to develop lasting connections with our customers. We provide ongoing support to ensure that you maintain your ICV certification and remain compliant with the regulations.
Industry Knowledge
Our team of experts has a deep understanding of the industry-specific requirements for ICV certification. We have experience working with firms in a variety of sectors and can develop solutions to match your unique requirements.
Personalized Attention
At Adepts, we believe in providing personalized attention to each of our clients. We appoint committed staff to work alongside you throughout the certification procedure to make sure that you get the assistance and concentration necessary to reach your objectives.