DMCC-approved auditors are qualified professionals working in auditing firms ensuring compliance. These firms have already undergone rigorous screening and have completed their registration in the DMCC. DMCC approved auditors in Dubai are authorized to carry out independent statutory audits for DMCC members.
At GFC, we have DMCC approved auditors who will ensure that your financial statements are reviewed and expressed with an independent audit opinion in accordance with IFRS and DMCC regulations.
DMCC licensed entities are generally required to submit audited financial statements annually, particularly for license renewal and compliance purposes.
Working with DMCC approved audit firm in Dubai for audit support will help with the following:
The financial statements of DMCC companies have to be submitted within six months of their financial year-end. If the company has a December 31 year end, then the deadline is June 30 of the next calendar year. This window allows companies time to close their books and coordinate with an approved DMCC audit firm in Dubai and make a submission that complies with DMCC's requirements.
It's better to begin the audit process at least two or three months before the deadline rather than at the last minute. Our DMCC audit services Dubai are likely to prevent you from having compliance problems. Compliance issues can make the process of renewing the licence difficult.
GFC provides comprehensive audit and assurance services that will be aligned with your business set-up. Our DMCC approved auditors in Dubai would help with the following:
Even if your company had no trading activity during the financial year, businesses still need to submit a nil audit report. This will also be covered under DMCC company audit services and prepared by an approved auditor. Skipping this step because the business was inactive is a common mistake!
Our DMCC auditing services embrace a five-step structure that will help ensure smooth audit for our clients:
Defining the scope of work and identifying key risk areas.
Collecting financial records and supporting documentation
Analysing the balances in the accounts and identifying assets and liabilities.
Discussing findings with management, and see if there are any discrepancies.
Assisting in submission of the audit report through the DMCC member portal, as required
These are the documents our DMCC approved auditors would help you prepare for the DMCC audit:
Our role is not just to check if the numbers are right, but provide something of strategic value like the following:
The DMCC hosts a huge number of industries, and GFC is capable of assisting them all:
As a registered and approved agency, GFC’s DMCC approved auditors in Dubai would work on your entity’s behalf to ensure accuracy of financial reporting and compliance risks of each industry are covered accurately. Our strong familiarity with each industry makes us the best in the field. We work strictly on deadlines so your trade license renewal will be right on track.
Don’t wait for your trade license to expire! Contact Golden Falcon Consultants and work with a DMCC approved auditor and keep your business on track and competitive.
An audit may last 2-4 weeks, depending on the complexity of business and the financial documents involved.
Yes. Books should be accurate and complete; otherwise, there may be considerable delays and non-compliance concerns.
Failure to submit the audit report on time may result in penalties, fines, or delays in license renewal, depending on DMCC regulations.
Yes. All DMCC companies, whether just established or not, are required to provide an audited report prepared by DMCC approved auditors in Dubai.
Absolutely. The UAE banks need to see audited financial statements from DMCC approved auditors before they approve corporate accounts or credit lines.