Approved Auditors in DIAC Audit Services in DIAC

Approved Auditors in DIAC

Dubai International Academic City (DIAC) is a free zone dedicated to higher education, housing key global and local internationally accredited universities, and attracting students from all around the world. Dubai International Academic City plays a key role in enabling, advancing and promoting Dubai’s position on the regional and global education scale. In order for your educational business to grow, proper auditing is required. This article will discuss:

Dubai International Academic City (DIAC) is a free zone dedicated to higher education, housing key global and local internationally accredited universities, and attracting students from all around the world. Dubai International Academic City plays a key role in enabling, advancing and promoting Dubai’s position on the regional and global education scale. In order for your educational business to grow, proper auditing is required. This article will discuss:

Why is Auditing in DIAC Required?
Requirements to choose an Auditor for DIAC:
Auditing services in DIAC:
Documents required for auditing in DIAC:
How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your DIAC Company?

Auditing Services in Dubai International Academic City:

As was previously mentioned, all businesses operating in the DIAC are required to use an external auditing company. To find and fix any mistakes, the auditing firm will examine the bank accounts, ledgers, main entry books, and corporate documents. In addition, the auditing firm will guarantee that the accounting procedure complies with the particular laws of the United Arab Emirates, such as those pertaining to international financial standards (IFRS), anti-money laundering (AML), and anti-terrorist financing (CFT).

Documents required for Auditing in Dubai International Academic City:

The documents required are:

1.Business License
2.Memorandum of Association.
3.Articles of Association.
4.All owners/shareholders visas, passports & customs documents.
5.Financial Statements.
6.Bank Statements
7.Trial Balance.
8.All accounting ledgers.
9.Sales & Purchases invoices.
10.Receipts & proof of transactions

Auditing Services in Dubai International Academic City:

For your auditing needs in the United Arab Emirates, you have to work with an independent auditing company. The Ministry of Economy and Dubai International Academic City must have given its permission to such a company. Mubarak l Ketbi Chartered Accountants is one of the leading auditing firms in the United Arab Emirates. We have over 2,000 satisfied customers and over 20 years of expertise. We provide a wide range of services, such as accounting, auditing, corporate taxation, and business liquidation. Kindly get in touch with us right now, and we will be happy to help!

Approved Auditors Services in DIAC

What is WPS in the DMCC Free Zone?
WPS stands for Wage Protection System. It records salary payments to make sure every worker gets paid on time and in full.
Who must register for WPS in DMCC Free Zone?
Every company in DMCC Free Zone must register all its employees for WPS and pay salaries electronically through approved channels.
What happens if a company doesn’t follow WPS rules?
The company could get fined, face other penalties, or lose its DMCC Free Zone license.
How can employees without bank accounts get paid?
Employers can use approved exchange houses to create salary files and pay employees without bank accounts.
How does MAK Auditing help with WPS?
MAK Auditing guides companies through every step, helps keep records, and gives advice to stay WPS compliant.

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