Approved Auditors in DMCA
Dubai Maritime City (DMCA) is the premium maritime hub in Dubai. Strategically located between Port Rashid & the Dubai Dry Docks, DMCA has over 280+ registered businesses in Dubai Maritime City & 249 hectares of land. In order for your maritime business to grow, proper auditing is required.
| – | Why is Auditing in DMCA Required? |
| – | Requirements to choose an Auditor for DMCA: |
| – | Auditing services in DMCA: |
| – | Documents required for auditing in DMCA: |
| – | How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your DMCA Company? |
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Why is Auditing in Dubai Maritime City required?
Accounting is necessary for any firm in the United Arab Emirates. However, due to the complexity of the subject matter, accounting is a highly prevalent and simple area of error. In the UAE, they may be quite lethal even though they are rather abundant. There are several requirements to abide by and paperwork to submit to the government since the United Arab Emirates is a popular place for business. If you don’t follow them, you risk paying large penalties and maybe having your business removed!
It is advisable to audit your DMCA business to steer clear of these situations. Auditing can detect & remove errors from your accounting files, removing their problems.
Requirements to choose an Auditor in Dubai Maritime City:
There are two requirements that need to be met before selecting an auditing company. Internal auditing is not feasible, to start with. While accounting can be done both
internally and outside, an independent company must conduct the audits. Secondly, the auditor needs to be approved by the free zone authorities. Accepting this auditor and giving them access to look into the companies operating inside their free zone was the right decision on the part of Dubai Maritime Park. Mubarak Al Ketbi is one of them since we are DMCA Approved Auditors!
Auditing Services in Dubai Maritime City:
The main auditing service that DMCA offers is identifying and resolving accounting issues. To ensure there are no errors, an auditor will review the ledgers, main entry books, journal, and financial statements of a corporation. They will also ensure that the accounting process conforms with International Financial Reporting Standards (IFRS) and Anti-Money Laundering (AML) regulations established in the United Arab Emirates.
Aside from auditing, other services include setting up a company’s accounting, timely government paperwork filing, and inventory value for a DMCA training company.
Documents required by an Auditor in Dubai Maritime City:
| 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 Maritime City Company:
The auditing procedure is challenging and needs to be completed outside, as you have read. This suggests that you should choose a qualified and experienced auditing business instead of a cheap one. Reputably among the top auditing firms in the UAE is Mubarak Al Ketbi Chartered Accountants. We are authorised by the Dubai Maritime City Authority and the Ministry of Economy to conduct audits of DMCA businesses. With more than 2000 happy clients, we have more than 20 years of experience. Contact us right now, and we guarantee an amazing experience!