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Hire a Dmcc Free Zone Approved Auditor from RBS Auditing.
The Dubai Multi Commodities Center (DMCC) Free Zone presents various advantages while setting up a business, including multiple licenses, flexible office facilities and hassle-free company set-up procedures. However, the DMCC Free Zone companies must get their books of accounts audited by an enlisted & Dmcc Free Zone Approved Auditor.
DMCC regulations for firm auditing
The DMCC states that the authorized auditor’s list will guarantee the best quality audit services delivered to the organization’s operation in the DMCC. The audit corporations that have reputed chartered accountants follow the best practices & accounting norms of local and international reporting standards such as International Financial Reporting Standards and global affiliations.
They also have a track history of conducting Free Zone Auditing and are documented as registered audit companies with DMCC. Utilizing the services of registered auditors in Dubai, DMCC guarantees that the Audited Financial Statements depict the member companies’ exact and accurate financial standing.
According to the Dubai Multi Commodities Center (DMCC) website, the Authorized Auditors List Rules also require that all DMCC member businesses submit their Audited Financial Statements via a DMCC Approved Auditor, which will be executed over a transitional duration.
In addition, the DMCC demands that the audited financial statements be presented within 90 days after fiscal year-end.
Auditing Procedure in DMCC Free Zone
The DMCC Free Zone has laid out specific regulations for which businesses and company officials must collaborate with the DMCC-approved auditors. For instance, firms are prohibited from providing a fraudulent, misleading or deceitful statement to the auditor.
In addition, businesses are not allowed to skip certain information and destroy or suppress documents from auditors.
The requirement from DMCC Approved Auditors to execute the financial audit.
To carry out the audit and assurance procedure, the auditors may ask DMCC businesses to provide the papers that correspond to the relevant duration and facilitate the auditor’s job to draw a view on the financial standing, examine financial statements at the year-end and yield with DMCC authority regulations.
- Bank statements
- Copies of bills and invoices
- Credit/debit confirmation slips for all financial dealings
- Statement of deposits from the DMCC portal
- Latest trade license
- Articles of Association (AOA) & Memorandum of Association (MoA)
- Registration Details for VAT and excise tax
Why choose RBS Auditing for approved auditors?
The Dubai Multi Commodities Centre Freezone has stringent guidelines regarding the auditing procedure of the member firms. The DMCC, from time to time, composes a list of DMCC-approved auditors to rigorously adhere to rules and International Financial Reporting Standards (IFRS). RBS Auditing is one of the leading auditing companies in Dubai, UAE, registered with DMCC as an authorized auditors list.
Our specialist team of auditors will examine your DMCC Free Zone Company’s accounts and confirm financial statements with the help of supporting documents. We are also Dso Free Zone Approved Auditor.
In addition, our DMCC-approved auditors will assist you in identifying the risk involved in company operations. Finally, being a leading auditing company, we offer the services of our skilled chartered accountants to enhance and add value to your organization’s corporate governance practices.
Therefore, for services such as auditing and UAE Freezone Company Formation, contact RBS Auditing!