DMCC APPROVED AUDITORS

DMCC stands as a beacon of growth and opportunity in the global business landscape, renowned as the world's fastest-growing and largest Free Zone, boasting a staggering 19,000 registered companies. As a hub of commerce, DMCC facilitates trade across various commodities, including gold, diamonds, pearls, precious metals, coffee, and tea. Its strategic location and robust regulatory framework have attracted significant international corporations, SMEs, and start-ups, making DMCC Free Zone their preferred destination for business growth and expansion.

DMCC businesses rely on the expertise of DMCC auditors to ensure compliance and transparency in their financial operations. Approved auditors DMCC play a pivotal role in upholding the standards of accountability and integrity within the Free Zone, offering comprehensive audit services to meet the needs of businesses within DMCC. With their proficiency and in-depth understanding of DMCC regulations, DMCC auditors provide invaluable support to companies, safeguarding their financial interests and fostering trust and confidence in the marketplace.

WHY IS IT NECESSARY TO AUDIT DMCC COMPANIES?

Auditing is essential for companies to uphold transparency and accountability in their financial operations. DMCC Auditors ensure that businesses maintain accurate accounting records and supporting documentation, enabling them to disclose their financial position with reasonable accuracy at all times. By adhering to auditing standards, companies can provide stakeholders, including investors, creditors, and regulatory authorities, with reliable insights into their financial health and performance.

In compliance with regulations, DMCC member companies must undergo auditing processes within 90 days of the end of each financial year. This entails uploading an audited financial statement summary sheet and a comprehensive audited financial statement report through a designated online service request on the member gateway. However, exemptions are granted to appointed auditors overseeing DMCC member companies registered as branch entities, provided such companies have a designated group auditor overseeing their financial affairs. Through auditing, companies fulfill regulatory requirements and instill confidence in their stakeholders, fostering trust and credibility in the business ecosystem.

APPOINTMENT OF APPROVED AUDITORS DMCC

The appointment of DMCC approved auditors is critical in ensuring compliance and transparency in financial reporting within the Dubai Multi Commodities Centre (DMCC). The authority has meticulously curated DMCC approved auditors list entrusted with conducting audits for DMCC member companies. Companies must engage auditors from this approved list to fulfill their auditing requirements effectively.

A Company can only appoint an auditor if:

  • The auditor has been approved and registered by DMCC;
  • The auditor has agreed in writing to the appointment;
  • The Company, having made reasonable inquiries, needs to be mindful of any matter which would prevent the auditor from agreeing to the appointment.

At Excellence, we proudly stand as Approved Auditors DMCC, operating under the name of MANSOOR MULLA AUDITING OF ACCOUNTS. Our team is dedicated to providing comprehensive auditing services and other essential business solutions to DMCC member companies. We recognize the significance of appointing DMCC auditors to examine and report on financial accounts, facilitating compliance and fostering trust in the business environment. With our expertise and commitment to Excellence, we help companies navigate the intricacies of financial audits within the DMCC framework.

AUDIT REQUIREMENTS

  • Legal Documents: Memorandum of Association (MOA)
  • Certificate of registration
  • Updated Copy of Trade License
  • Share certificate
  • Lease/Tenancy agreements for the audit period
  • Passport copy of the Shareholder/Manager
  • Financial Documents: Trial balance
  • Profit and Loss Statement
  • Statement of Financial Position (Balance sheet).
  • Bank statements (all the accounts) for the audit period.
  • Previous Year Audit Report

EXCELLENCE AUDITING COVERS ALL YOUR DMCC AUDITING NEEDS

At Excellence, we pride ourselves on offering comprehensive auditing services tailored to the specific needs of companies operating within the Dubai Multi Commodities Centre (DMCC). Our auditing process strictly follows International Standards on Auditing and International Financial Reporting Standards, ensuring accuracy, transparency, and compliance with DMCC Free Zone regulations. As approved auditors in DMCC, we meticulously check financial records, identify areas for business improvement, and give actionable recommendations to help organizations achieve their business objectives effectively.

Our team of DMCC auditors is dedicated to guiding companies through the auditing process, actively contributing to their success and credibility in the market. By conducting thorough audits of business books, we assist companies in meeting local and international regulatory requirements, fostering trust and confidence among stakeholders, governments, lenders, and other regulatory authorities. At Excellence, we understand the importance of maintaining financial integrity and transparency, and we are committed to delivering auditing services of the highest quality to support our client's growth and sustainability in the competitive business landscape of the DMCC.

FAQ

Approved auditors DMCC play a pivotal role in upholding the standards of accountability and integrity of companies within the Free Zone. Audits are necessary to ensure that financial information is presented fairly and accurately. It also provide credibility to a set of financial statements and give shareholders confidence that the accounts are true and false

DMCC auditors uphold standards of accountability and integrity, offering comprehensive audit services to meet the needs of businesses within DMCC.

The appointment of DMCC approved auditors is crucial for ensuring compliance and transparency in financial reporting within the Dubai Multi Commodities Centre (DMCC). These auditors are meticulously selected and registered by DMCC, ensuring they meet the necessary standards to conduct audits for member companies..

A company can appoint an auditor within DMCC if the following conditions are met: The auditor must be approved and registered by DMCC, the auditor must agree in writing to the appointment, the company must conduct reasonable inquiries to ensure there are no factors that would prevent the auditor from agreeing to the appointment.

Companies must undergo auditing within 90 days of the end of each financial year, as per DMCC regulations.

Companies upload audited financial statements through a designated online portal service request on the member gateway.

Auditing helps companies fulfil regulatory requirements, instil confidence in stakeholders, and foster trust and credibility in the business ecosystem.

Financial documents required include the trial balance, statement of comprehensive income (profit and loss accounts), statement of financial position (balance sheet), bank statements for all accounts during the audit period, and the previous year's audit report.

Appointing DMCC auditors such as MANSOOR MULLA AUDITING OF ACCOUNTS ensures compliance with DMCC’s rules and regulations and fosters trust in the business environment by providing thorough examination and reporting on financial account.

Excellence Auditing strictly follows International Standards on Auditing and International Financial Reporting Standards, ensuring accuracy, transparency, and compliance with DMCC Free Zone regulations.

Excellence Auditing's team of DMCC auditors guides companies through the auditing process, helps them meet local and international regulatory requirements, and fosters trust and confidence among stakeholders, governments, lenders, and regulatory authorities.

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AFFILIATION AND ACCREDITATIONS

Affiliation1 | Approved Auditors DMCC
Affiliation2 | DMCC Auditors
Approved Auditors DMCC | DMCC Auditors
DMCC Auditors | Approved Auditors DMCC
Affiliation5 | Approved Auditors DMCC | DMCC Auditors
Affiliation6 | DMCC Auditors | Approved Auditors DMCC
Affiliation7 | Approved Auditors DMCC | DMCC Auditors
Affiliation8 | DMCC Auditors | Approved Auditors DMCC
Affiliation9 | Approved Auditors DMCC
Affiliation10 | DMCC Auditors

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Frequently Asked Questions

Excellence group entity Mansoor Mulla Auditing of Accounts is Registered and Approved Auditors in DMCC, JAFZA,DIFC,DAFZA, DWC, DSO, SAIF Zone, Hamriyah Free Zone, DED, The Dubai Design District (D3),TECOM, Dubai Media City, and Dubai Internet City.

Yes, we are Approved by Ministry of Economy under registration no 843.

Yes, Our Reports are Widely Accepted with all the Major Banks in UAE.

We follow International Financial Reporting Standards (IFRS) for Auditing and International Accounting Standards Board (IASB) for Accounting.

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