Registered Auditors in Dubai Development Authority

Auditing in DDA

Dubai Development Authority is a Dubai Government entity which is mandated to play a major role in the future growth of Dubai’s economy. The overall development of municipal, economic and immigration functions across free zone clusters are its main aim. It set global standards for urban business services. It promotes business-friendly environments to its stakeholders, including real estate developers and all strategic partners. The authority’s guidelines and standards are to become a global leader in competitive excellence.

Dubai Development Authority focuses on three main activities:

• Real estate planning 
• Regulations and licensing services 
• Industry development

Benefits of Auditing in DDA

• We provide cost-effective and efficient solutions to the problems which are faced by the business in DDA
• We ensure efficiency in making all the services and transactions very seamless and transparent
• We offer a customised business solution for the businesses which will suit the business operations
• We help you to understand your business and the business trends and then make more informed decisions

How External Audit is Conducted in DDA?

As per the regulations of DDA, an independent auditor is appointed who is registered with the DDA. DDA approved auditors are allowed to prepare all the required financial reports of the company. The registered auditors in DDA examines:

• Trade license
• Accuracy of financial statements and records
• Compliance with the standards
• Financial fraud, money laundering, creative accounting etc.
• VAT compliance and record maintenance

If DDA approved auditors find the company’s accounts do not agree with the accounting records, then it must be stated in the auditor's report. The authorities require a true and fair view of the financial practices within the companies. The registered auditors in DDA submit annual accounts reports along with the auditor's opinion.

If a company in DDA fails to submit the audited financial statements:

• It will be liable to pay a penalty for non-compliance of the DDA regulations
• The non-renewal of their trade license occurs

Companies can request for an extension of the deadline for the submission of the audit reports from the registered auditors in DDA. 

When an audit report should be submitted to the Dubai Development Authority (DDA)?

As per the Memorandum of Association of Dubai Development Authority (DDA) audited financial statements of the companies to be submitted within 90 days from the end of the financial year. In case of failure nonrenewal of license and penalty to be charged.

Why choose CDA?

CDA is a highly regarded audit firm in Dubai, UAE. Being an auditing firm, CDA’s highly qualified team of auditors helps to:

• Conduct audit functions for compliance required by the management, government bodies, banks and free zones
• Analyse and verify the financial data and provides proactive suggestions for improvement 
• Our practical experiences will enhance and rewrite their growth story in this complex economic environment
• Usage of advances audit techniques and data analytics with 100% accuracy
• Identify the weakness of internal control procedures and provide recommendations
• Our certified team practices the code of ethics persistently and is known for its integrity, objectivity, and professionalism
• Timely completion of audit work as per client requirements
• High-quality audit reports compliant with JAFZA regulations

CDA offers Financial Advisory Services, Tax Consulting Services, Management Consulting Services, VAT Registration, VAT Deregistration, Internal/External Audit for Companies, Business Advisory Services, etc. in UAE.

Get in touch with us to start a discussion and our experts will offer you a one-hour free consultation.