Best Accounting Services in Dubai With Top DMCC Auditors.
Excellence Auditing is a professional firm of Chartered Accountants, established in Dubai as an auditing and accounting firm approved by DMCC. Excellence Auditing has a full-fledged team with professional qualifications and experience in the field of accounting, auditing and business consultancy and specially Approved Auditors DMCC. One of the top audit companies in Dubai, United Arab Emirates, Excellence is registered as an accredited auditor with the DMCC. The International Financial Reporting Standards (IFRS Standards) and International Standards on Auditing (ISAs) are followed as normal procedure by Excellence, and we make every effort to give their clients the greatest auditing experience possible. They provide professional accounting services in Dubai and goal is to assess the accuracy of the books of accounts, confirm the legitimacy and authenticity of the transactions, and to provide an auditors’ report that contains the opinion of Excellence Auditing.
Approved Auditors Services are required in DMCC. Every Company must hire an auditor in accordance with DMCC regulations who will review and provide a report on the Company’s financial accounts. After the end of the company’s financial year, the directors must prepare and approve the financial accounting services and make arrangements for them to be audited by an auditor approved by DMCC and accepted by the shareholders, all in accordance with the due dates of the relevant authorities. Only auditors who have been registered and approved by DMCC which means DMCC Auditors and who are included in the Approved Auditors List may be appointed by a Company. And also, a corporation in the DMCC must do an audit as a requirement. This is why it is required of every business operating in the DMCC free zone to keep track of its five years’ worth of audited financial records. A penalty of up to 5,000 AED or the trade license being rejected at the time of renewal could be levied against the company if it fails to provide the free zone administration with the necessary papers.
Businesses must appropriately organize their records in accordance with recognized standards prior to an audit procedure. You must respond to the inquiries made by the Dubai auditors during the annual audit as a business owner. Trial balance, VAT DMCC Return Filings, Important General Ledger, Important Business Contract, Legal Documents (Copies of Trade License and Memorandum of Agreement), Fixed Assets Schedule with Depreciation Calculation, Schedule of Payables and Accrued Expenses, List of Advances and Prepayments, List of Customers and Prepayments, List of Suppliers, List of Bank Reconciliations, etc. are all required to be presented to the auditor. To make the procedure simpler for you and the auditor, the documentation should be properly prepared.
The office address of Excellence Auditing: HDS Business Centre, 22nd Floor, Cluster M, Jumeirah Lake Towers, Dubai, United Arab Emirates