BMS Auditing has appointed a list of approved DMCC auditors to provide the best and most timely audit service in DMCC to ensure DMCC compliance in UAE. Audit in DMCC is the critical scrutiny of financial statements by an external party to detect and prevent errors and fraud. All DMCC companies are required to submit their audited annual financial accounts to the DMCC authorities by a DMCC approved auditor.

 

DMCC Approved Auditors 2023

In DMCC, a company's auditor is supposed to conduct investigations to determine if the company has maintained appropriate accounts. The DMCC approved auditor must check that the company's accounts are in accordance with the accounting records and returns. Then, he or she must confirm that the company's accounts are in accordance with IFRS.

The audit firm should guarantee that the company follows AML and CFT requirements when doing business. If the customer is involved in money laundering operations, it is necessary to notify this.

Documents required to conduct a DMCC Audit

Being approved auditors in DMCC, we ensure DMCC compliance by meeting the deadlines. Following are the documents required to conduct a DMCC audit in Dubai, UAE:

      1. The license of the Company
      2. Passport copies of Shareholders
      3. Lease Agreement / Tenancy Contract
      4. Share Certificates
      5. Bank statements
      6. Bank confirmation
      7. Trial Balance
      8. Supporting documents of transactions such as invoices, bills e.t.c.
      9. Accounting ledgers of major accounting heads
      10. List of customers and suppliers
      11. Management Accounts (if prepared such as balance sheet and income statement)
      12. Depreciation and fixed assets schedule

 

Audit Services in DMCC

DMCC Free Zone, located in the Jumeirah Lake Towers (JLT) offers a variety of advantages while setting up a company including different types and activities of licenses, flexible office structures and hassle-free business setup procedures.

However, it is mandatory for all the businesses in the DMCC Free Zone to get their books of accounts audited by registered & approved auditors with DMCC Authority. BMS Auditing is one of the most reliable and approved DMCC auditors in UAE providing efficient and timely approved DMCC audit services in Dubai, UAE. 

 

Advantages of Audit services in DMCC

Companies registered in DMCC free zone can get many advantages of audit in DMCC, some of the highlights are:

      1. Better accuracy and transparency in the financial statements
      2. Assures and guarantees authenticity to the information
      3. Forecast the budgets and initiate the plans for growth
      4. Timely renewal of trade license
      5. Assess the cash flows and implement internal control procedures
 
Why auditing is mandatory for DMCC companies?

Every DMCC Company is required to post the Audited Financial Statements and Summary Sheet to the DMCC site within 90 days of the end of the fiscal year. In certain situations, the authorities may grant a time extension.

The DMCC Authority may request new papers at any time throughout the procedure, as well as the original documents, during the inspection.

If a business fails to file financial accounts audited by authorized auditors in DMCC within 90 days of the fiscal year-end, it would face penalties under the DMCC Company Regulations. Furthermore, there is a chance of DMCC's trading license not being renewed.

 

BMS Auditing - Approved Auditors in DMCC

BMS Auditing is one of the leading auditing firms in Dubai, UAE that is registered in list of approved DMCC auditors. Our expert team of auditors will analyze your DMCC Free Zone Company’s accounts and verify financial statements with the aid of supporting documents.

Our experienced auditors in Dubai will help you identify the risk involved in the business operations. Being a leading auditing firm, we offer the services of our experienced chartered accountants to improve and add value to your company’s corporate governance practices. For DMCC audit services, contact us.

Our auditing company provides exceptional and unique audit reports, and we are offering all varieties of professional audit services to satisfy diverse corporate demands, including:

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