Dubai Studio City (DSC) is the State of the Art Broadcasting and Production Hub in the UAE. They offer Commercial Spaces, D/Quarters & Boutique Studios.
| – | Why is Auditing in DSC Required? |
| – | Requirements to choose an Auditor for DSC |
| – | Auditing services in DSC |
| – | Documents required for auditing in DSC |
| – | How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your DSC Company? |
Why is Auditing in Dubai Studio City required?
In the United Arab Emirates, accounting is essential for any business. However, errors might happen in accounting since the field is so complicated. Despite their abundance, they might be highly deadly in the United Arab Emirates. Due to its popularity as a business location, the United Arab Emirates (UAE) has a number of rules and documentation that must be followed, including company liquidation documents, VAT filings, and corporate tax law. If you disregard them, you run the danger of having your business closed down and paying a lot of fines!
To avoid these kinds of problems, it is recommended that your DSC company be audited. Through auditing, errors in your accounting files may be located and fixed, resolving their problems.
Requirements to choose an Auditor for Dubai Studio City:
There are two requirements to look out for when hiring an auditor:
| 1. | Auditing must be done externally. While accounting can be done both internally & externally (i.e from the financial department), auditing must be done externally by a third-party company. This is because auditing is a complex subject of accounting which requires degrees & qualifications to achieve. |
| 2. | The free zone must approve this auditor. The Dubai Studio City Authority must have the auditor in their “approved auditors list”. Mubarak Al Ketbi Chartered Accountants can audit your DSC Company, as we are approved by the DSC Authority! |
Auditing Services in Dubai Studio City:
The main service of an auditor is to find & remove errors from the accounting. Your financial accounts, ledgers, entry diaries, and books of entry will all be examined by them. Assuring that accounting practices adhere to global norms like IFRS and UAE-based regulations like Anti-Money Laundering (AML) is another of their primary services. There are also other services, like inventory valuation, document creation & more.
Document required by an Auditor in Dubai Studio 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 |
How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your Dubai Studio City Company?
The auditing procedure is challenging and needs to be completed outside, as you have read. This suggests that you should choose a reliable and knowledgeable auditing firm over a cheap one. In the United Arab Emirates, Mubarak Al Ketbi Chartered Accountants is recognized as one of the top auditing firms. We are authorised to audit DSC enterprises by the Dubai Studio City Authority and the Ministry of Economy. With more than 20 years of experience, we have more than 2000 happy clients. Contact us right now, and we guarantee an excellent experience!
