Approved Auditors in DWC
Dubai World Central (DWC) is a free zone located entirely inside of the Dubai International Airport. The prime feature that DWC boasts is its insane economic location. It has very close access to trade and delivery via. Planes. It is located close to the fast growing areas of “New Dubai”. Once completed, this airport will be the world’s largest global gateway with capacity for more than 160 million passengers per year. It will also serve as a multi-modal logistics hub for 12 million tonnes of freight. To make sure your logistics & delivery company thrives in DWC, proper auditing in Dubai World Central is required.
| – | Why is Auditing needed in DAFZA? |
| – | Requirements for an Auditor in DWC: |
| – | Auditing Services in DWC: |
| – | Documents required for Auditing Services in DWC: |
| – | How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your Company? |
Why is Auditing needed in Dubai World Central?
Let’s make one point clear: Accounting services are clearly required by companies in Dubai. In recent years, more and more laws and regulations have been added to a company running the UAE. To make sure that all of those regulations have been met, accounting services are required. Not only can accounting help resolve legal problems with the company’s finances, they allow the company to understand their finances from profit/loss for the year & statement of financial position.
To ensure that the accounts of a business are error-free, auditing services are required by any company who wants to maintain good accounting practices.
Requirements for an Auditor in Dubai World Central:
If you want to select an auditor to audit your company, there are a few requirements to be met first:
| 1. | You cannot self audit. While accounting can be done internally (i.e through the businesses own financial department), auditing must be done externally by hiring an auditor or auditing company. |
| 2. | The auditor must be approved. The auditor must be approved by the Dubai World Central as an auditor capable of auditing a company in DWC. They must also have approval from the Ministry of Economy that they can do auditing, with proof of examinations, degrees and certificates. Mubarak Al Ketbi Chartered Accountants is DWC registered accountants capable of helping you! |
Auditing Services in Dubai World Central:
As you’ve read, it is significantly more advantageous to hire the right auditor than to hire an untrained one in order to save money. Mubarak Al Ketbi Chartered Accountants are qualified to provide excellent services in Accounting, Liquidation, Corporate Tax, and Auditing. With more than 2000 happy clients and 20 years of work experience in the UAE, our crew is knowledgeable in DWC audits. If you have any questions, you can reach out to us by email, phone or book an online meeting. Contact us today, and we guarantee you excellent service!
Documents required for Auditing Services in Dubai World Central:
As we have explained, it is mandatory for all businesses operating in DWC to hire an external auditing company. The auditing company will analyse the books of prime entry, ledgers, business documents and financial statements to detect any errors and cleanse them. The auditing company will also make sure that the accounting process follows international accounting practices like IFRS, and certain UAE-based practices like Anti-Money Laundering (AML) & Combating FInancing of Terrorism (CFT).
The documents required are:
| 1. | Financial Statements. |
| 2. | Bank Statements. |
| 3. | Credit/ debit confirmation for all transactions. |
| 4. | Proof of bills and invoices. |
| 5. | Memorandum of Association (MoA). |
| 6. | Articles of Association (AOA). |
| 7. | Trade License. |
| 8. | Registration Details for VAT and Excise Tax. |
| 9. | Books of Accounts. |