Approved Auditors in DKP
Dubai Knowledge Park (DKP) is the MENA’s HR & training hub. Many big companies in the UAE send their interns & new staff to get training in DKP, and for good reasons. They offer many services, including: Commercial Spaces, D/Quarters & in5 Centres. They have an impressive portfolio of investors & clients. In order for your training business to grow in DKP, proper auditing is required.
| – | Why is Auditing in DKP Required? |
| – | Requirements to choose an Auditor for DKP: |
| – | Auditing services in DKP: |
| – | Documents required for auditing in DKP: |
| – | How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your DKP Company? |
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Why is Auditing in Dubai Knowledge Park required?
For all businesses in the UAE, accounting is required. However, it is very easy & common to make mistakes in accounting, as it is a very complex field of knowledge. Despite being very common, they can be very fatal in the UAE. Since UAE is a prime destination for business, there are alot of laws to follow and documents to file to the government. Not following them can lead to hefty fines, and even possible deletion of your company!
In order to avoid these things, it is best to audit your DKP company. Auditing can detect & remove errors from your accounting files, removing their problems.
Requirements to choose an auditor for Dubai Knowledge Park:
In DKP, there are two requirements that need to be met before selecting an auditing company. First of all, internal auditing is not possible. Accounting may be done both internally and outside, however auditing needs to be done externally by a separate business. Second, the authorities of the free zone must accept the auditor. It was appropriate for Dubai Knowledge Park to accept this auditor and grant them access to examine the businesses within their free zone. Among them is Mubarak Al Ketbi, as we are DKP Approved Auditors!
Auditing Services in Dubai Knowledge Park:
Finding and fixing accounting problems is the primary auditing function provided by DKP. An auditor will go over a company’s ledgers, main entry books, journal, and financial statements to make sure there are no mistakes. Additionally, they will guarantee that the accounting procedure complies with UAE-based Anti-Money Laundering (AML) and International Financial Reporting Standards (IFRS).
Additional services include the establishment of a firm’s accounting (apart from auditing), timely filing of paperwork to the government, and inventory value for a training company in DKP.
Documents required by an Auditor in Dubai Knowledge Park:
| 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 |
How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your Dubai Knowledge Park Company?
As you have read, the auditing process is difficult and must be done externally. This implies that rather than selecting a cheap auditing firm, you ought to work with a certified and experienced one. Mubarak Al Ketbi Chartered Accountants is one of the leading auditing companies in the United Arab Emirates. The Ministry of Economy and the Dubai Knowledge City Authority have given us permission to audit DKP enterprises. We have over 20 years of expertise and over 2000 satisfied clients. Get in touch with us right now, and we promise a fantastic experience!